XPO LOGISTICS INC

Ticker: XPO CUSIP: 983793100 Class: EQTY

MASTERS CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001104186)

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

Q1 2017

Shares 125,000 Value ($000) $5,986 Avg Close $16.33 Range $14.55 - $18.92

Q4 2016

Shares 100,000 Value ($000) $4,316 Avg Close $13.93 Range $10.96 - $17.24

Q3 2016

Shares 450,000 Value ($000) $16,502 Avg Close $11.31 Range $8.31 - $13.12

Q4 2015

Shares 250,000 Value ($000) $6,813 Avg Close $9.93 Range $7.98 - $11.81

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	125,000	$5,986	$16.33	$14.55 - $18.92
Q4 2016	100,000	$4,316	$13.93	$10.96 - $17.24
Q3 2016	450,000	$16,502	$11.31	$8.31 - $13.12
Q4 2015	250,000	$6,813	$9.93	$7.98 - $11.81