GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

Parkwood LLC's Holding History (CIK: 0001597823)

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

Q2 2017

Shares 28,258 Value ($000) $387 Avg Close $13.50 Range $11.70 - $15.45

Q1 2017

Shares 20,961 Value ($000) $304 Avg Close $12.66 Range $9.95 - $15.10

Q4 2016

Shares 30,700 Value ($000) $333 Avg Close $9.81 Range $7.00 - $11.40

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	28,258	$387	$13.50	$11.70 - $15.45
Q1 2017	20,961	$304	$12.66	$9.95 - $15.10
Q4 2016	30,700	$333	$9.81	$7.00 - $11.40