HORSEHEAD HLDG CORP

CUSIP: 440694AB3 Class: CNV

Watershed Asset Management, L.L.C.'s Holding History (CIK: 0001315926)

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

Q4 2015
Shares 9,500,000 Value ($000) $2,656 Avg Close — Range —
Q3 2015
Shares 9,500,000 Value ($000) $5,790 Avg Close — Range —
Q2 2015
Shares 12,300,000 Value ($000) $12,818 Avg Close — Range —
Q1 2015
Shares 9,000,000 Value ($000) $9,674 Avg Close — Range —