GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

Shannon River Fund Management LLC's Holding History (CIK: 0001301050)

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

Q2 2016

Shares 225,000 Value ($000) $2,441 Avg Close $11.80 Range $10.43 - $14.77

Q1 2016

Shares 652,700 Value ($000) $7,650 Avg Close $12.31 Range $9.95 - $16.26

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	225,000	$2,441	$11.80	$10.43 - $14.77
Q1 2016	652,700	$7,650	$12.31	$9.95 - $16.26