CHIPOTLE MEXICAN GRILL INC

Ticker: CMG CUSIP: 169656105 Class: COM

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

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

Q3 2014

Shares 9,000 Value ($000) $5,999 Avg Close $13.11 Range $11.52 - $13.96

Q2 2014

Shares 20,950 Value ($000) $12,413 Avg Close $10.83 Range $9.45 - $12.04

Q1 2014

Shares 10,000 Value ($000) $5,681 Avg Close $11.02 Range $9.62 - $12.46

Q4 2013

Shares 10,000 Value ($000) $5,328 Avg Close $10.17 Range $8.40 - $11.01

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	9,000	$5,999	$13.11	$11.52 - $13.96
Q2 2014	20,950	$12,413	$10.83	$9.45 - $12.04
Q1 2014	10,000	$5,681	$11.02	$9.62 - $12.46
Q4 2013	10,000	$5,328	$10.17	$8.40 - $11.01