KAPSTONE PAPER & PACKAGING C

CUSIP: 48562P103 Class: COM

CAPITAL MANAGEMENT ASSOCIATES /NY/'s Holding History (CIK: 0000825293)

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

Q4 2015
Shares 24,000 Value ($000) $542 Avg Close — Range —
Q3 2015
Shares 24,000 Value ($000) $396 Avg Close — Range —
Q2 2015
Shares 24,000 Value ($000) $555 Avg Close — Range —
Q1 2015
Shares 30,200 Value ($000) $992 Avg Close — Range —
Q4 2014
Shares 28,050 Value ($000) $822 Avg Close — Range —
Q3 2014
Shares 24,000 Value ($000) $671 Avg Close — Range —