ARC DOCUMENT SOLUTIONS INC

CUSIP: 00191G103 Class: COM

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015
Shares 886,712 Value ($000) $5,276 Avg Close — Range —
Q2 2015
Shares 869,302 Value ($000) $6,615 Avg Close — Range —
Q1 2015
Shares 861,794 Value ($000) $7,635 Avg Close — Range —
Q4 2014
Shares 624,044 Value ($000) $6,378 Avg Close — Range —
Q3 2014
Shares 69,250 Value ($000) $561 Avg Close — Range —