VISA INC

Ticker: V CUSIP: 92826C839 Class: Common Stock

HUSSMAN STRATEGIC ADVISORS, INC.'s Holding History (CIK: 0001179475)

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

Q4 2016

Shares 50,000 Value ($000) $3,901 Avg Close $75.44 Range $70.62 - $78.71

Q4 2015

Shares 75,000 Value ($000) $5,816 Avg Close $72.17 Range $63.62 - $75.53

Q3 2015

Shares 125,000 Value ($000) $8,708 Avg Close $66.38 Range $55.84 - $71.47

Q2 2015

Shares 125,000 Value ($000) $8,394 Avg Close $62.92 Range $59.69 - $65.68

Q1 2015

Shares 100,000 Value ($000) $6,541 Avg Close $61.28 Range $56.75 - $64.61

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	50,000	$3,901	$75.44	$70.62 - $78.71
Q4 2015	75,000	$5,816	$72.17	$63.62 - $75.53
Q3 2015	125,000	$8,708	$66.38	$55.84 - $71.47
Q2 2015	125,000	$8,394	$62.92	$59.69 - $65.68
Q1 2015	100,000	$6,541	$61.28	$56.75 - $64.61