ARROW FINL CORP

Ticker: AROW CUSIP: 042744102 Class: Common Stock

Alpine Global Management, LLC's Holding History (CIK: 0001581655)

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

Q2 2015

Shares 23 Value ($000) $1 Avg Close $15.75 Range $14.97 - $16.58

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	23	$1	$15.75	$14.97 - $16.58