GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA's Holding History (CIK: 0000315038)

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

Q4 2017

Shares 59,854 Value ($000) $1,002 Avg Close $15.62 Range $13.90 - $17.50

Q3 2017

Shares 59,854 Value ($000) $940 Avg Close $14.30 Range $13.30 - $15.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	59,854	$1,002	$15.62	$13.90 - $17.50
Q3 2017	59,854	$940	$14.30	$13.30 - $15.75