ARCOS DORADOS HOLDINGS INC

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

ARMISTICE CAPITAL, LLC's Holding History (CIK: 0001601086)

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

Q4 2015

Shares 1,180,000 Value ($000) $3,670 Avg Close $2.69 Range $2.22 - $3.43

Q3 2015

Shares 1,400,000 Value ($000) $3,808 Avg Close $3.40 Range $2.34 - $4.56

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	1,180,000	$3,670	$2.69	$2.22 - $3.43
Q3 2015	1,400,000	$3,808	$3.40	$2.34 - $4.56