GRAPHIC PACKAGING HLDG CO

Ticker: GPK CUSIP: 388689101 Class: Common Stock

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

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

Q1 2018

Shares 635,090 Value ($000) $9,749 Avg Close $15.60 Range $14.33 - $16.74

Q4 2015

Shares 3,223,550 Value ($000) $41,358 Avg Close $13.43 Range $12.17 - $14.46

Q3 2015

Shares 2,237,510 Value ($000) $28,618 Avg Close $14.27 Range $12.62 - $15.28

Q2 2015

Shares 1,435,900 Value ($000) $20,002 Avg Close $14.34 Range $13.52 - $15.16

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	635,090	$9,749	$15.60	$14.33 - $16.74
Q4 2015	3,223,550	$41,358	$13.43	$12.17 - $14.46
Q3 2015	2,237,510	$28,618	$14.27	$12.62 - $15.28
Q2 2015	1,435,900	$20,002	$14.34	$13.52 - $15.16