GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

STEVENS CAPITAL MANAGEMENT LP's Holding History (CIK: 0001134813)

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

Q3 2014

Shares 13,067 Value ($000) $103 Avg Close $10.95 Range $7.88 - $13.94

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	13,067	$103	$10.95	$7.88 - $13.94