SSI Investment Management’s Alexandria Real Estate Equities, Inc. 7.00% Series D Cumulative Convertible Preferred Stock ARE.PRD Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-75,000	Closed	-$2.67M	–	314
2016 Q3	$2.67M	Hold	75,000	–	–	0.24%	141
2016 Q2	$2.56M	Sell	75,000 -123,000	-62%	-$4.2M	0.25%	137
2016 Q1	$5.75M	Sell	198,000 -72,000	-27%	-$2.09M	0.59%	46
2015 Q4	$7.24M	Buy	+270,000	New	+$7.24M	0.74%	32