GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

BRIGHTLINE CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001432450)

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

Q4 2019

Shares 580,000 Value ($000) $12,435 Avg Close $18.57 Range $14.63 - $21.92

Q3 2019

Shares 580,000 Value ($000) $9,465,600 Avg Close $16.43 Range $13.60 - $18.73

Q2 2019

Shares 580,000 Value ($000) $9,506 Avg Close $19.81 Range $15.77 - $25.31

Q1 2019

Shares 545,000 Value ($000) $11,641 Avg Close $18.64 Range $14.44 - $23.45

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	580,000	$12,435	$18.57	$14.63 - $21.92
Q3 2019	580,000	$9,465,600	$16.43	$13.60 - $18.73
Q2 2019	580,000	$9,506	$19.81	$15.77 - $25.31
Q1 2019	545,000	$11,641	$18.64	$14.44 - $23.45