NAVIGATOR HOLDINGS LTD

Ticker: NVGS CUSIP: Y62132108 Class: SHS

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

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

Q1 2014
Shares 225,000 Value ($000) $5,850 Avg Close $23.86 Range $20.67 - $27.90
Q4 2013
Shares 370,000 Value ($000) $9,968 Avg Close $39.40 Range $18.84 - $58.03