AMERICAN AIRLS GROUP INC

Ticker: AAL CUSIP: 02376R102 Class: COM

WATER ISLAND CAPITAL LLC's Holding History (CIK: 0001222765)

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

Q2 2016

Shares 1,750 Value ($000) $50 Avg Close $32.44 Range $23.88 - $40.02

Q1 2016

Shares 750 Value ($000) $31 Avg Close $38.53 Range $33.31 - $41.95

Q4 2015

Shares 875 Value ($000) $37 Avg Close $41.38 Range $35.68 - $45.00

Q1 2014

Shares 277,735 Value ($000) $10,165 Avg Close $32.09 Range $23.63 - $37.60

Q4 2013

Shares 190,508 Value ($000) $4,810 Avg Close $21.78 Range $17.89 - $25.64

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	1,750	$50	$32.44	$23.88 - $40.02
Q1 2016	750	$31	$38.53	$33.31 - $41.95
Q4 2015	875	$37	$41.38	$35.68 - $45.00
Q1 2014	277,735	$10,165	$32.09	$23.63 - $37.60
Q4 2013	190,508	$4,810	$21.78	$17.89 - $25.64