VALE S A

CUSIP: 91912E204 Class: COM

Tower Research Capital LLC (TRC)'s Holding History (CIK: 0001533421)

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

Q3 2017
Shares 9,999 Value ($000) $94 Avg Close — Range —
Q2 2017
Shares 31,477 Value ($000) $257 Avg Close — Range —
Q1 2017
Shares 99,628 Value ($000) $895 Avg Close — Range —
Q4 2016
Shares 50,044 Value ($000) $345 Avg Close — Range —
Q3 2016
Shares 21,814 Value ($000) $103 Avg Close — Range —
Q4 2015
Shares 400 Value ($000) $1 Avg Close — Range —
Q3 2015
Shares 9,257 Value ($000) $31 Avg Close — Range —
Q3 2014
Shares 1,568 Value ($000) $15 Avg Close — Range —
Q1 2014
Shares 600 Value ($000) $7 Avg Close — Range —
Q4 2013
Shares 600 Value ($000) $8 Avg Close — Range —
Q3 2013
Shares 56,889 Value ($000) $808 Avg Close — Range —
Q2 2013
Shares 300 Value ($000) $4 Avg Close — Range —