NORDIC AMERICAN TANKERS LIMI

Ticker: NAT CUSIP: G65773106 Class: Common Stock

Formidable Asset Management, LLC's Holding History (CIK: 0001592613)

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

Q3 2015

Shares 1,000 Value ($000) $15 Avg Close $14.89 Range $12.21 - $17.31

Q2 2014

Shares 50 Value ($000) $0 Avg Close $8.56 Range $7.84 - $9.85

Q4 2013

Shares 50 Value ($000) $1 Avg Close $8.27 Range $7.43 - $9.72

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	1,000	$15	$14.89	$12.21 - $17.31
Q2 2014	50	$0	$8.56	$7.84 - $9.85
Q4 2013	50	$1	$8.27	$7.43 - $9.72