GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

Decatur Capital Management, Inc.'s Holding History (CIK: 0001505961)

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

Q4 2016

Shares 239,601 Value ($000) $2,600 Avg Close $9.81 Range $7.00 - $11.40

Q3 2016

Shares 239,601 Value ($000) $2,482 Avg Close $10.90 Range $9.15 - $11.90

Q2 2016

Shares 239,601 Value ($000) $2,599 Avg Close $11.80 Range $10.43 - $14.77

Q1 2016

Shares 261,559 Value ($000) $3,065 Avg Close $12.31 Range $9.95 - $16.26

Q4 2015

Shares 159,213 Value ($000) $2,595 Avg Close $15.66 Range $12.46 - $17.70

Q3 2015

Shares 205,700 Value ($000) $2,625 Avg Close $14.21 Range $10.38 - $18.07

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	239,601	$2,600	$9.81	$7.00 - $11.40
Q3 2016	239,601	$2,482	$10.90	$9.15 - $11.90
Q2 2016	239,601	$2,599	$11.80	$10.43 - $14.77
Q1 2016	261,559	$3,065	$12.31	$9.95 - $16.26
Q4 2015	159,213	$2,595	$15.66	$12.46 - $17.70
Q3 2015	205,700	$2,625	$14.21	$10.38 - $18.07