ARDMORE SHIPPING CORP

Ticker: ASC CUSIP: Y0207T100 Class: Common Stock

Ground Swell Capital, LLC's Holding History (CIK: 0001534450)

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

Q3 2014

Shares 200 Value ($000) $2 Avg Close $9.62 Range $8.19 - $10.39

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	200	$2	$9.62	$8.19 - $10.39