GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

Tortoise Investment Management, LLC's Holding History (CIK: 0001599511)

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

Q1 2018

Shares 2,885 Value ($000) $37 Avg Close $15.09 Range $11.80 - $17.80

Q4 2017

Shares 2,885 Value ($000) $48 Avg Close $15.62 Range $13.90 - $17.50

Q3 2017

Shares 3,175 Value ($000) $50 Avg Close $14.30 Range $13.30 - $15.75

Q2 2017

Shares 3,175 Value ($000) $43 Avg Close $13.50 Range $11.70 - $15.45

Q1 2017

Shares 3,175 Value ($000) $46 Avg Close $12.66 Range $9.95 - $15.10

Q4 2016

Shares 3,175 Value ($000) $34 Avg Close $9.81 Range $7.00 - $11.40

Q3 2016

Shares 3,175 Value ($000) $33 Avg Close $10.90 Range $9.15 - $11.90

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	2,885	$37	$15.09	$11.80 - $17.80
Q4 2017	2,885	$48	$15.62	$13.90 - $17.50
Q3 2017	3,175	$50	$14.30	$13.30 - $15.75
Q2 2017	3,175	$43	$13.50	$11.70 - $15.45
Q1 2017	3,175	$46	$12.66	$9.95 - $15.10
Q4 2016	3,175	$34	$9.81	$7.00 - $11.40
Q3 2016	3,175	$33	$10.90	$9.15 - $11.90