RF INDS LTD

Ticker: RFIL CUSIP: 749552105 Class: Com

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

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

Q1 2014

Shares 60,445 Value ($000) $394 Avg Close $5.31 Range $4.91 - $7.38

Q4 2013

Shares 57,727 Value ($000) $531 Avg Close $7.43 Range $5.61 - $11.72

Q3 2013

Shares 75,794 Value ($000) $549 Avg Close $4.95 Range $4.41 - $6.07

Q2 2013

Shares 72,992 Value ($000) $428 Avg Close $4.83 Range $4.25 - $5.68

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	60,445	$394	$5.31	$4.91 - $7.38
Q4 2013	57,727	$531	$7.43	$5.61 - $11.72
Q3 2013	75,794	$549	$4.95	$4.41 - $6.07
Q2 2013	72,992	$428	$4.83	$4.25 - $5.68