SERITAGE GROWTH PPTYS

Ticker: SRG CUSIP: 81752R100 Class: COM

WATER ISLAND CAPITAL LLC's Holding History (CIK: 0001222765)

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

Q1 2016

Shares 541 Value ($000) $27 Avg Close $38.51 Range $33.62 - $47.98

Q4 2015

Shares 4,466 Value ($000) $180 Avg Close $35.87 Range $30.90 - $40.07

Q3 2015

Shares 37,299 Value ($000) $1,389 Avg Close $36.75 Range $33.38 - $41.07

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	541	$27	$38.51	$33.62 - $47.98
Q4 2015	4,466	$180	$35.87	$30.90 - $40.07
Q3 2015	37,299	$1,389	$36.75	$33.38 - $41.07