ASSOCIATED ESTATES RLTY CORP

CUSIP: 045604105 Class: CMN

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

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

Q2 2015
Shares 1,337,149 Value ($000) $38,282,576 Avg Close — Range —
Q1 2015
Shares 337,560 Value ($000) $8,330,981 Avg Close — Range —
Q4 2014
Shares 191,312 Value ($000) $4,440,352 Avg Close — Range —