BRE PROPERTIES INC

CUSIP: 05564E106 Class: CL A

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

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

Q1 2014
Shares 3,087,914 Value ($000) $193,859 Avg Close — Range —
Q4 2013
Shares 530,781 Value ($000) $29,039 Avg Close — Range —