GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

SCOPUS ASSET MANAGEMENT, L.P.'s Holding History (CIK: 0001317583)

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

Q2 2018

Shares 850,000 Value ($000) $13,430 Avg Close $12.00 Range $10.70 - $17.00

Q2 2017

Shares 600,000 Value ($000) $8,220 Avg Close $13.50 Range $11.70 - $15.45

Q1 2017

Shares 600,000 Value ($000) $8,700 Avg Close $12.66 Range $9.95 - $15.10

Q4 2016

Shares 786,948 Value ($000) $8,538 Avg Close $9.81 Range $7.00 - $11.40

Q3 2016

Shares 803,008 Value ($000) $8,319 Avg Close $10.90 Range $9.15 - $11.90

Q2 2016

Shares 603,008 Value ($000) $6,543 Avg Close $11.80 Range $10.43 - $14.77

Q1 2016

Shares 603,008 Value ($000) $7,067 Avg Close $12.31 Range $9.95 - $16.26

Q4 2015

Shares 654,225 Value ($000) $10,664 Avg Close $15.66 Range $12.46 - $17.70

Q2 2014

Shares 150,000 Value ($000) $1,970 Avg Close $11.23 Range $9.02 - $13.44

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	850,000	$13,430	$12.00	$10.70 - $17.00
Q2 2017	600,000	$8,220	$13.50	$11.70 - $15.45
Q1 2017	600,000	$8,700	$12.66	$9.95 - $15.10
Q4 2016	786,948	$8,538	$9.81	$7.00 - $11.40
Q3 2016	803,008	$8,319	$10.90	$9.15 - $11.90
Q2 2016	603,008	$6,543	$11.80	$10.43 - $14.77
Q1 2016	603,008	$7,067	$12.31	$9.95 - $16.26
Q4 2015	654,225	$10,664	$15.66	$12.46 - $17.70
Q2 2014	150,000	$1,970	$11.23	$9.02 - $13.44