HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Clear Harbor Asset Management, LLC's Holding History (CIK: 0001511857)

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

Q4 2015

Shares 15,000 Value ($000) $68 Avg Close $6.24 Range $4.44 - $7.94

Q3 2015

Shares 15,000 Value ($000) $104 Avg Close $7.41 Range $6.00 - $8.71

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	15,000	$68	$6.24	$4.44 - $7.94
Q3 2015	15,000	$104	$7.41	$6.00 - $8.71