INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

WATER ISLAND CAPITAL LLC's Holding History (CIK: 0001222765)

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

Q2 2017

Shares 2,106 Value ($000) $324 Avg Close $103.77 Range $98.95 - $115.36

Q1 2017

Shares 3,588 Value ($000) $625 Avg Close $114.39 Range $107.32 - $119.58

Q4 2016

Shares 4,620 Value ($000) $767 Avg Close $103.05 Range $95.06 - $110.31

Q3 2016

Shares 6,149 Value ($000) $977 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 4,726 Value ($000) $717 Avg Close $95.13 Range $90.08 - $99.15

Q1 2016

Shares 714 Value ($000) $108 Avg Close $84.07 Range $73.78 - $96.70

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	2,106	$324	$103.77	$98.95 - $115.36
Q1 2017	3,588	$625	$114.39	$107.32 - $119.58
Q4 2016	4,620	$767	$103.05	$95.06 - $110.31
Q3 2016	6,149	$977	$101.76	$95.61 - $106.13
Q2 2016	4,726	$717	$95.13	$90.08 - $99.15
Q1 2016	714	$108	$84.07	$73.78 - $96.70