BGC PARTNERS INC

CUSIP: 05541T101 Class: Common Stock

Kerrisdale Advisers, LLC's Holding History (CIK: 0001569688)

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

Q2 2016
Shares 29,175 Value ($000) $254 Avg Close — Range —
Q1 2016
Shares 153,756 Value ($000) $1,391 Avg Close — Range —
Q4 2015
Shares 167,589 Value ($000) $1,644 Avg Close — Range —
Q3 2015
Shares 588,000 Value ($000) $4,833 Avg Close — Range —
Q2 2015
Shares 558,134 Value ($000) $4,884 Avg Close — Range —
Q1 2015
Shares 663,982 Value ($000) $6,275 Avg Close — Range —
Q4 2014
Shares 1,106,884 Value ($000) $10,128 Avg Close — Range —
Q3 2014
Shares 898,219 Value ($000) $6,674 Avg Close — Range —
Q2 2014
Shares 1,740,586 Value ($000) $12,950 Avg Close — Range —
Q1 2014
Shares 1,128,650 Value ($000) $7,381 Avg Close — Range —