GRAHAM HLDGS CO

Ticker: GHC CUSIP: 384637104 Class: Common Stock

Freestone Capital Holdings, LLC's Holding History (CIK: 0001470876)

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

Q1 2017

Shares 953 Value ($000) $572 Avg Close $499.12 Range $459.77 - $551.04

Q4 2016

Shares 1,134 Value ($000) $581 Avg Close $444.66 Range $402.30 - $500.24

Q3 2016

Shares 1,134 Value ($000) $546 Avg Close $456.70 Range $432.03 - $479.72

Q2 2016

Shares 1,569 Value ($000) $768 Avg Close $442.70 Range $410.24 - $472.87

Q1 2016

Shares 1,569 Value ($000) $753 Avg Close $431.34 Range $384.29 - $481.83

Q4 2015

Shares 2,561 Value ($000) $1,242 Avg Close $491.36 Range $423.49 - $548.37

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	953	$572	$499.12	$459.77 - $551.04
Q4 2016	1,134	$581	$444.66	$402.30 - $500.24
Q3 2016	1,134	$546	$456.70	$432.03 - $479.72
Q2 2016	1,569	$768	$442.70	$410.24 - $472.87
Q1 2016	1,569	$753	$431.34	$384.29 - $481.83
Q4 2015	2,561	$1,242	$491.36	$423.49 - $548.37