AMERICAN RLTY CAP PPTYS INC

CUSIP: 02917T104 Class: -REIT

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

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

Q2 2015
Shares 966,929 Value ($000) $7,861 Avg Close — Range —
Q1 2015
Shares 966,929 Value ($000) $9,524 Avg Close — Range —
Q4 2014
Shares 937,214 Value ($000) $8,482 Avg Close — Range —
Q3 2014
Shares 1,438,715 Value ($000) $17,351 Avg Close — Range —
Q2 2014
Shares 1,183,135 Value ($000) $14,825 Avg Close — Range —
Q1 2014
Shares 1,183,135 Value ($000) $16,588 Avg Close — Range —