HOST HOTELS & RESORTS INC

Ticker: HST CUSIP: 44107P104 Class: EQTY

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

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

Q4 2014

Shares 283,500 Value ($000) $6,739 Avg Close $14.47 Range $12.68 - $15.61

Q3 2014

Shares 433,236 Value ($000) $9,241 Avg Close $14.03 Range $13.31 - $14.64

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	283,500	$6,739	$14.47	$12.68 - $15.61
Q3 2014	433,236	$9,241	$14.03	$13.31 - $14.64