GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

ACK Asset Management LLC's Holding History (CIK: 0001510940)

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

Q1 2016

Shares 195,100 Value ($000) $2,287 Avg Close $12.31 Range $9.95 - $16.26

Q2 2015

Shares 1,020,000 Value ($000) $15,994 Avg Close $14.67 Range $13.18 - $16.67

Q1 2015

Shares 798,300 Value ($000) $11,033 Avg Close $11.36 Range $9.17 - $14.80

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	195,100	$2,287	$12.31	$9.95 - $16.26
Q2 2015	1,020,000	$15,994	$14.67	$13.18 - $16.67
Q1 2015	798,300	$11,033	$11.36	$9.17 - $14.80