ARCOS DORADOS HOLDINGS INC

Ticker: ARCO CUSIP: G0457F107 Class: SHS CLASS -A -

Parallax Volatility Advisers, L.P.'s Holding History (CIK: 0001521001)

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

Q1 2017

Shares 31,854 Value ($000) $256 Avg Close $5.48 Range $4.71 - $7.13

Q4 2016

Shares 8,121 Value ($000) $44 Avg Close $5.06 Range $4.45 - $5.71

Q3 2015

Shares 3,464 Value ($000) $9 Avg Close $3.40 Range $2.34 - $4.56

Q2 2015

Shares 3,464 Value ($000) $18 Avg Close $4.97 Range $4.15 - $5.71

Q4 2014

Shares 7,252 Value ($000) $39 Avg Close $5.19 Range $4.42 - $6.05

Q3 2014

Shares 548 Value ($000) $3 Avg Close $7.02 Range $4.93 - $9.68

Q2 2014

Shares 256 Value ($000) $3 Avg Close $8.16 Range $6.95 - $9.59

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	31,854	$256	$5.48	$4.71 - $7.13
Q4 2016	8,121	$44	$5.06	$4.45 - $5.71
Q3 2015	3,464	$9	$3.40	$2.34 - $4.56
Q2 2015	3,464	$18	$4.97	$4.15 - $5.71
Q4 2014	7,252	$39	$5.19	$4.42 - $6.05
Q3 2014	548	$3	$7.02	$4.93 - $9.68
Q2 2014	256	$3	$8.16	$6.95 - $9.59