STARWOOD WAYPOINT RESIDENTL

CUSIP: 85571WAD1 Class: NOTE 4.500%10/1

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q4 2016

Shares 34,005,000 Value ($000) $36,415 Avg Close — Range —

Q3 2016

Shares 34,005,000 Value ($000) $36,493 Avg Close — Range —

Q2 2016

Shares 34,005,000 Value ($000) $37,755 Avg Close — Range —

Q1 2016

Shares 34,005,000 Value ($000) $35,056 Avg Close — Range —

Q4 2015

Shares 33,005,000 Value ($000) $32,959 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	34,005,000	$36,415	—	—
Q3 2016	34,005,000	$36,493	—	—
Q2 2016	34,005,000	$37,755	—	—
Q1 2016	34,005,000	$35,056	—	—
Q4 2015	33,005,000	$32,959	—	—