MASTERCARD INCORPORATED

Ticker: MA CUSIP: 57636Q104 Class: Common Stock

HUSSMAN STRATEGIC ADVISORS, INC.'s Holding History (CIK: 0001179475)

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

Q4 2015

Shares 25,000 Value ($000) $2,434 Avg Close $92.19 Range $83.59 - $95.82

Q1 2014

Shares 150,000 Value ($000) $11,205 Avg Close $72.72 Range $66.78 - $78.88

Q2 2013

Shares 35,000 Value ($000) $20,108 Avg Close $51.54 Range $48.11 - $54.91

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	25,000	$2,434	$92.19	$83.59 - $95.82
Q1 2014	150,000	$11,205	$72.72	$66.78 - $78.88
Q2 2013	35,000	$20,108	$51.54	$48.11 - $54.91