FREDS INC

CUSIP: 356108100 Class: CL A

Empirical Capital Management, LLC's Holding History (CIK: 0001642274)

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

Q4 2015
Shares 681,029 Value ($000) $11,148 Avg Close — Range —
Q3 2015
Shares 671,005 Value ($000) $7,951 Avg Close — Range —
Q2 2015
Shares 651,456 Value ($000) $12,567 Avg Close — Range —
Q1 2015
Shares 640,256 Value ($000) $10,942 Avg Close — Range —
Q4 2014
Shares 618,256 Value ($000) $10,764 Avg Close — Range —