MICROSTRATEGY INC

Ticker: MSTR CUSIP: 594972408 Class: EQTY

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q2 2015

Shares 22,257 Value ($000) $3,785 Avg Close $17.60 Range $16.59 - $19.79

Q1 2015

Shares 22,257 Value ($000) $3,766 Avg Close $16.88 Range $15.00 - $18.26

Q4 2014

Shares 17,806 Value ($000) $2,892 Avg Close $15.80 Range $12.75 - $17.70

Q3 2014

Shares 18,020 Value ($000) $2,358 Avg Close $13.91 Range $12.95 - $15.59

Q2 2014

Shares 18,020 Value ($000) $2,534 Avg Close $12.76 Range $9.88 - $14.61

Q1 2014

Shares 44,916 Value ($000) $5,183 Avg Close $12.49 Range $11.24 - $13.58

Q4 2013

Shares 44,989 Value ($000) $5,589 Avg Close $11.77 Range $9.52 - $13.00

Q3 2013

Shares 38,568 Value ($000) $4,002 Avg Close $9.74 Range $8.71 - $10.89

Q2 2013

Shares 7,614 Value ($000) $662 Avg Close $9.35 Range $8.27 - $10.50

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	22,257	$3,785	$17.60	$16.59 - $19.79
Q1 2015	22,257	$3,766	$16.88	$15.00 - $18.26
Q4 2014	17,806	$2,892	$15.80	$12.75 - $17.70
Q3 2014	18,020	$2,358	$13.91	$12.95 - $15.59
Q2 2014	18,020	$2,534	$12.76	$9.88 - $14.61
Q1 2014	44,916	$5,183	$12.49	$11.24 - $13.58
Q4 2013	44,989	$5,589	$11.77	$9.52 - $13.00
Q3 2013	38,568	$4,002	$9.74	$8.71 - $10.89
Q2 2013	7,614	$662	$9.35	$8.27 - $10.50