WATERSTONE FINL INC MD

Ticker: WSBF CUSIP: 94188P101 Class: Common Stock

RAFFLES ASSOCIATES LP's Holding History (CIK: 0001169581)

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

Q3 2015

Shares 29,900 Value ($000) $403 Avg Close $13.08 Range $12.38 - $13.81

Q2 2015

Shares 64,500 Value ($000) $851 Avg Close $12.98 Range $12.51 - $13.30

Q1 2015

Shares 50,000 Value ($000) $642 Avg Close $12.90 Range $12.58 - $13.26

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	29,900	$403	$13.08	$12.38 - $13.81
Q2 2015	64,500	$851	$12.98	$12.51 - $13.30
Q1 2015	50,000	$642	$12.90	$12.58 - $13.26