ALLIANCE DATA SYSTEMS CORP

Ticker: BFH CUSIP: 018581108 Class: Common Stock

Arrow Financial Corp's Holding History (CIK: 0000717538)

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

Q4 2015

Shares 9 Value ($000) $2 Avg Close $195.34 Range $176.62 - $209.37

Q1 2015

Shares 7 Value ($000) $2 Avg Close $197.30 Range $185.37 - $207.98

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	9	$2	$195.34	$176.62 - $209.37
Q1 2015	7	$2	$197.30	$185.37 - $207.98