UNION PAC CORP

Ticker: UNP CUSIP: 907818108 Class: Common Stock

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2016

Shares 4,973 Value ($000) $516 Avg Close $80.32 Range $70.95 - $87.41

Q3 2016

Shares 122,199 Value ($000) $11,918 Avg Close $75.95 Range $69.69 - $79.87

Q2 2016

Shares 13,528 Value ($000) $1,180 Avg Close $68.24 Range $62.21 - $73.04

Q1 2016

Shares 12,700 Value ($000) $1,010 Avg Close $61.97 Range $53.60 - $68.66

Q1 2015

Shares 125,000 Value ($000) $13,539 Avg Close $91.85 Range $83.77 - $97.28

Q3 2014

Shares 2,361 Value ($000) $256 Avg Close $80.32 Range $74.93 - $85.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	4,973	$516	$80.32	$70.95 - $87.41
Q3 2016	122,199	$11,918	$75.95	$69.69 - $79.87
Q2 2016	13,528	$1,180	$68.24	$62.21 - $73.04
Q1 2016	12,700	$1,010	$61.97	$53.60 - $68.66
Q1 2015	125,000	$13,539	$91.85	$83.77 - $97.28
Q3 2014	2,361	$256	$80.32	$74.93 - $85.79