INTELSAT S A

CUSIP: L5140P101 Class: COM

DENALI ADVISORS LLC's Holding History (CIK: 0001142941)

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

Q4 2014
Shares 7,000 Value ($000) $122 Avg Close — Range —
Q3 2014
Shares 36,400 Value ($000) $624 Avg Close — Range —