STRATEGIC HOTELS & RESORTS I

CUSIP: 86272T106 Class: CMN

Covalent Partners LLC's Holding History (CIK: 0001531611)

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

Q3 2014
Shares 1,348,271 Value ($000) $15,707 Avg Close — Range —
Q2 2014
Shares 1,553,271 Value ($000) $18,189 Avg Close — Range —
Q1 2014
Shares 2,010,837 Value ($000) $20,490 Avg Close — Range —
Q4 2013
Shares 2,028,837 Value ($000) $19,173 Avg Close — Range —
Q3 2013
Shares 1,583,837 Value ($000) $13,748 Avg Close — Range —
Q2 2013
Shares 1,065,837 Value ($000) $9,443 Avg Close — Range —