Woodmont Investment Counsel’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 Q4	–	Sell	-75,000	Closed	-$146K	–	566
2015 Q3	$146K	Sell	75,000 -31,658	-30%	-$61.6K	0.04%	193
2015 Q2	$506K	Buy	106,658 +6,658	+7%	+$31.6K	0.15%	133
2015 Q1	$486K	Buy	+100,000	New	+$486K	0.15%	129
2013 Q4	–	Sell	-84,150	Closed	-$823K	–	202
2013 Q3	$823K	Buy	+84,150	New	+$823K	0.3%	90