GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q2 2015

Shares 46,400 Value ($000) $727 Avg Close $14.67 Range $13.18 - $16.67

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	46,400	$727	$14.67	$13.18 - $16.67