First Wilshire Securities Management’s ARI Network Services, Inc. ARIS Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-385,169	Closed	-$2.72M	–	126
2017 Q2	$2.72M	Hold	385,169	–	–	0.78%	47
2017 Q1	$2M	Hold	385,169	–	–	0.58%	53
2016 Q4	$2.08M	Hold	385,169	–	–	0.6%	47
2016 Q3	$1.71M	Hold	385,169	–	–	0.51%	53
2016 Q2	$1.62M	Buy	385,169 +3,325	+0.9%	+$14K	0.52%	54
2016 Q1	$1.68M	Hold	381,844	–	–	0.56%	50
2015 Q4	$1.72M	Sell	381,844 -80,000	-17%	-$360K	0.48%	53
2015 Q3	$1.73M	Sell	461,844 -15,000	-3%	-$56.1K	0.45%	52
2015 Q2	$1.49M	Sell	476,844 -39,823	-8%	-$125K	0.34%	57
2015 Q1	$1.75M	Hold	516,667	–	–	0.36%	57
2014 Q4	$1.95M	Hold	516,667	–	–	0.35%	62
2014 Q3	$1.65M	Hold	516,667	–	–	0.3%	62
2014 Q2	$1.57M	Sell	516,667 -150,000	-22%	-$455K	0.24%	67
2014 Q1	$2.11M	Hold	666,667	–	–	0.33%	57
2013 Q4	$2.17M	Buy	+666,667	New	+$2.17M	0.33%	60