Water Island Capital’s United Airlines UAL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-1,750	Closed	-$72K	–	142
2016 Q2	$72K	Buy	1,750 +1,000	+133%	+$41.1K	﹤0.01%	104
2016 Q1	$45K	Sell	750 -125	-14%	-$7.5K	﹤0.01%	100
2015 Q4	$50K	Buy	+875	New	+$50K	﹤0.01%	96