TELEFONICA S A

Ticker: TELFY CUSIP: 879382208 Class: SPONSORED ADR

Paloma Partners Management Co's Holding History (CIK: 0001103882)

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

Q3 2017

Shares 21,042 Value ($000) $227 Avg Close — Range —

Q2 2017

Shares 32,212 Value ($000) $335 Avg Close — Range —

Q4 2016

Shares 23,207 Value ($000) $213 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	21,042	$227	—	—
Q2 2017	32,212	$335	—	—
Q4 2016	23,207	$213	—	—