VISA INC

Ticker: V CUSIP: 92826C839 Class: Common Stock

Gladstone Capital Management LLP's Holding History (CIK: 0001353394)

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

Q4 2016

Shares 6,669 Value ($000) $520 Avg Close $75.44 Range $70.62 - $78.71

Q3 2016

Shares 96,100 Value ($000) $7,947 Avg Close $74.99 Range $69.09 - $78.55

Q2 2016

Shares 211,094 Value ($000) $15,657 Avg Close $73.22 Range $68.55 - $76.47

Q1 2016

Shares 20,000 Value ($000) $1,530 Avg Close $67.81 Range $61.65 - $71.93

Q4 2015

Shares 20,000 Value ($000) $1,551 Avg Close $72.17 Range $63.62 - $75.53

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	6,669	$520	$75.44	$70.62 - $78.71
Q3 2016	96,100	$7,947	$74.99	$69.09 - $78.55
Q2 2016	211,094	$15,657	$73.22	$68.55 - $76.47
Q1 2016	20,000	$1,530	$67.81	$61.65 - $71.93
Q4 2015	20,000	$1,551	$72.17	$63.62 - $75.53