TIM PARTICIPACOES S A

CUSIP: 88706P205 Class: ADR

Standard Investments LLC's Holding History (CIK: 0001539436)

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

Q4 2014
Shares 63,447 Value ($000) $1,409 Avg Close — Range —
Q2 2014
Shares 95,010 Value ($000) $2,758 Avg Close — Range —
Q4 2013
Shares 75,453 Value ($000) $1,980 Avg Close — Range —
Q3 2013
Shares 36,080 Value ($000) $850 Avg Close — Range —