GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

Horizon Investment Services, LLC's Holding History (CIK: 0001426940)

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

Q3 2019

Shares 10,400 Value ($000) $170 Avg Close $16.43 Range $13.60 - $18.73

Q2 2019

Shares 32,725 Value ($000) $536 Avg Close $19.81 Range $15.77 - $25.31

Q1 2019

Shares 33,515 Value ($000) $716 Avg Close $18.64 Range $14.44 - $23.45

Q4 2018

Shares 17,440 Value ($000) $257 Avg Close $17.36 Range $13.75 - $20.24

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2019	10,400	$170	$16.43	$13.60 - $18.73
Q2 2019	32,725	$536	$19.81	$15.77 - $25.31
Q1 2019	33,515	$716	$18.64	$14.44 - $23.45
Q4 2018	17,440	$257	$17.36	$13.75 - $20.24