COPA HOLDINGS SA

Ticker: CPA CUSIP: P31076105 Class: CL A

Hirtle Callaghan & Co LLC's Holding History (CIK: 0001360710)

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

Q1 2016

Shares 25 Value ($000) $2 Avg Close $42.39 Range $32.06 - $54.63

Q4 2015

Shares 25 Value ($000) $1 Avg Close $38.79 Range $30.13 - $46.01

Q3 2015

Shares 625 Value ($000) $26 Avg Close $46.14 Range $28.91 - $62.90

Q2 2015

Shares 625 Value ($000) $52 Avg Close $69.03 Range $59.13 - $83.06

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	25	$2	$42.39	$32.06 - $54.63
Q4 2015	25	$1	$38.79	$30.13 - $46.01
Q3 2015	625	$26	$46.14	$28.91 - $62.90
Q2 2015	625	$52	$69.03	$59.13 - $83.06