Nine Chapters Capital Management’s Douglas Emmett DEI Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-12,900	Closed	-$370K	–	155
2015 Q3	$370K	Buy	+12,900	New	+$370K	0.03%	652
2015 Q2	–	Sell	-12,600	Closed	-$376K	–	1000
2015 Q1	$376K	Buy	+12,600	New	+$376K	0.03%	664