LEVEL 3 COMMUNICATIONS INC

CUSIP: 52729NBP4 Class: NOTE 7.000% 3/1

ZAZOVE ASSOCIATES LLC's Holding History (CIK: 0001009012)

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

Q4 2014
Shares 36,010,000 Value ($000) $65,043 Avg Close — Range —
Q3 2014
Shares 36,010,000 Value ($000) $61,624 Avg Close — Range —
Q2 2014
Shares 36,010,000 Value ($000) $60,182 Avg Close — Range —
Q1 2014
Shares 39,660,000 Value ($000) $61,326 Avg Close — Range —
Q4 2013
Shares 44,960,000 Value ($000) $61,510 Avg Close — Range —
Q3 2013
Shares 46,180,000 Value ($000) $56,515 Avg Close — Range —
Q2 2013
Shares 51,850,000 Value ($000) $60,211 Avg Close — Range —