AMERICAN CAP LTD

CUSIP: 02503Y103 Class: COM

Watershed Asset Management, L.L.C.'s Holding History (CIK: 0001315926)

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

Q3 2015
Shares 667,332 Value ($000) $8,115 Avg Close — Range —
Q2 2015
Shares 656,185 Value ($000) $8,891 Avg Close — Range —
Q1 2015
Shares 505,185 Value ($000) $7,472 Avg Close — Range —
Q4 2014
Shares 346,230 Value ($000) $5,058 Avg Close — Range —