Janney Montgomery Scott’s Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) GOL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-5,500	Closed	-$60.3K	–	2333
2014 Q2	$60.3K	Buy	+5,500	New	+$60.3K	﹤0.01%	2165