WATER ISLAND CAPITAL LLC Information

41 MADISON AVENUE, NEW YORK, New York, 10010, (212) 584-2367

Report Date: 03/31/2013

Position Statistics:

Total Positions 51
New Positions 19
Increased Positions 30
Decreased Positions 20
Positions with Activity 50
Sold Out Positions 17
Total Mkt Value
(in $ millions)
1,688

Sector Weighting

Basic Materials 0.71%
Capital Goods 8.34%
Conglomerates
Consumer Cyclical 0.17%
Consumer/Non-Cyclical 11.94%
Energy 9.28%
Financial 35.59%
Healthcare 0.7%
Services 28.66%
Technology 4.61%
Transportation
Utilities 0%

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

51 Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
VIRGIN MEDIA INC COM 143,010 143,010 New 2,834,679
HEINZ H J CO COM 140,445 140,445 New 1,938,245
GARDNER DENVER INC COM 139,256 139,256 New 1,851,319
HUDSON CITY BANCORP COM 122,022 37,378 44.16 14,338,686
NYSE EURONEXT COM 115,665 71,878 164.16 2,890,910
T-MOBILE US INC COM 109,038 -16,030 (12.82) 5,435,600
MARKEL CORP COM 107,387 94,666 744.14 201,386
PLAINS EXPL& PRODTN CO COM 102,518 28,969 39.39 2,093,907
AETNA INC NEW COM 91,215 25,270 38.32 1,532,259
FIRSTMERIT CORP COM 78,063 56,485 261.76 4,265,753
CREXUS INVT CORP COM 67,774 67,774 New 5,197,401
SPRINT NEXTEL CORP COM SER 1 63,358 -404 (0.63) 8,679,184
OFFICEMAX INC DEL COM 61,201 61,201 New 4,951,544
CYMER INC COM 58,268 42,601 271.91 520,672
NETSPEND HLDGS INC COM 49,640 49,640 New 3,110,255
MCMORAN EXPLORATION CO COM 46,945 37,899 418.97 2,789,378
HOT TOPIC INC COM 40,307 40,307 New 2,893,505
COLUMBIA BKG SYS INC COM 33,253 12,621 61.17 1,531,002
CLEARWIRE CORP NEW CL A 24,033 6,593 37.80 7,110,468
LIBERTY GLOBAL INC COM SER A 23,342 23,342 New 309,160

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