Frontier Communications Corp

CUSIP: 35906AAX6 Class: Exch Traded Option

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

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

Q1 2016
Shares 300,703 Value ($000) $1,682 Avg Close — Range —
Q4 2015
Shares 1,283,702 Value ($000) $5,995 Avg Close — Range —