CALPINE CORP

CUSIP: 131347304 Class: COM

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

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

Q4 2017
Shares 200,000 Value ($000) $3,026 Avg Close — Range —
Q3 2017
Shares 59,421 Value ($000) $876 Avg Close — Range —