SOTHEBYS

CUSIP: 835898107 Class: COM

Kerrisdale Advisers, LLC's Holding History (CIK: 0001569688)

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

Q4 2015
Shares 450,785 Value ($000) $11,612 Avg Close — Range —
Q3 2015
Shares 462,860 Value ($000) $14,802 Avg Close — Range —
Q2 2015
Shares 470,883 Value ($000) $21,303 Avg Close — Range —
Q1 2015
Shares 314,483 Value ($000) $13,290 Avg Close — Range —