GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

CAPITAL FUND MANAGEMENT S.A.'s Holding History (CIK: 0001323645)

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

Q4 2020

Shares 14,651 Value ($000) $262,106 Avg Close $15.85 Range $11.96 - $19.40

Q2 2020

Shares 16,440 Value ($000) $229,338 Avg Close $12.81 Range $9.19 - $17.80

Q1 2019

Shares 26,100 Value ($000) $557 Avg Close $18.64 Range $14.44 - $23.45

Q1 2016

Shares 35,180 Value ($000) $412 Avg Close $12.31 Range $9.95 - $16.26

Q4 2013

Shares 15,128 Value ($000) $225 Avg Close $10.57 Range $6.88 - $15.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2020	14,651	$262,106	$15.85	$11.96 - $19.40
Q2 2020	16,440	$229,338	$12.81	$9.19 - $17.80
Q1 2019	26,100	$557	$18.64	$14.44 - $23.45
Q1 2016	35,180	$412	$12.31	$9.95 - $16.26
Q4 2013	15,128	$225	$10.57	$6.88 - $15.17