GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

Northern Right Capital Management, L.P.'s Holding History (CIK: 0001346543)

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

Q4 2017

Shares 225,000 Value ($000) $3,769 Avg Close $15.62 Range $13.90 - $17.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	225,000	$3,769	$15.62	$13.90 - $17.50