KEY ENERGY SVCS INC

CUSIP: 492914106 Class: CMN

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

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

Q1 2015
Shares 642,846 Value ($000) $1,170 Avg Close — Range —
Q4 2014
Shares 1,092,846 Value ($000) $1,825 Avg Close — Range —
Q3 2014
Shares 900,921 Value ($000) $4,360 Avg Close — Range —