WEBMD HEALTH CORP

CUSIP: 94770VAH5 Class: CNVRTBND

Cutler Capital Management, LLC's Holding History (CIK: 0001353098)

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

Q2 2014
Shares 500,000 Value ($000) $514 Avg Close — Range —
Q1 2014
Shares 500,000 Value ($000) $505 Avg Close — Range —
Q4 2013
Shares 500,000 Value ($000) $500 Avg Close — Range —