GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

Spark Investment Management LLC's Holding History (CIK: 0001554871)

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

Q3 2013

Shares 57,100 Value ($000) $448 Avg Close $7.49 Range $6.01 - $9.46

Q2 2013

Shares 229,900 Value ($000) $1,655 Avg Close $5.99 Range $4.37 - $7.49

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	57,100	$448	$7.49	$6.01 - $9.46
Q2 2013	229,900	$1,655	$5.99	$4.37 - $7.49