NORDIC AMERICAN TANKERS LIMI

Ticker: NAT CUSIP: G65773106 Class: Common Stock

Cavalier Investments, LLC's Holding History (CIK: 0001655543)

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

Q1 2016

Shares 33,700 Value ($000) $474,833 Avg Close $13.31 Range $9.86 - $15.45

Q4 2015

Shares 33,700 Value ($000) $524 Avg Close $15.16 Range $13.64 - $16.88

Q3 2015

Shares 33,700 Value ($000) $512 Avg Close $14.89 Range $12.21 - $17.31

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	33,700	$474,833	$13.31	$9.86 - $15.45
Q4 2015	33,700	$524	$15.16	$13.64 - $16.88
Q3 2015	33,700	$512	$14.89	$12.21 - $17.31