William Blair & Company’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
2015 Q1	–	Sell	-360,088	Closed	-$4.14M	–	2193
2014 Q4	$4.14M	Buy	+360,088	New	+$4.14M	0.01%	1085