DRYSHIPS INC.

CUSIP: 262498AB4 Class: CNV

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

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

Q3 2014
Shares 14,674,000 Value ($000) $14,508,918 Avg Close — Range —
Q2 2014
Shares 6,809,000 Value ($000) $6,723,888 Avg Close — Range —
Q1 2014
Shares 6,809,000 Value ($000) $6,732 Avg Close — Range —