WATER ISLAND CAPITAL LLC Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 59
New Positions 18
Increased Positions 37
Decreased Positions 21
Positions with Activity 58
Sold Out Positions 15
Total Mkt Value (in $ millions) 1,592

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

Sector Weighting

Basic Materials 0.15%
Capital Goods 10.28%
Conglomerates 0%
Consumer Cyclical 0.46%
Consumer/Non-Cyclical
Energy 4.57%
Financial 26.38%
Healthcare 17.34%
Services 26.79%
Technology 2.43%
Transportation
Utilities 9.65%

58 Activity Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ESSEX PPTY TR INC COM 175,704 145,502 481.77 917,419
ACTAVIS PLC SHS 156,751 147,574 1,608.04 713,704
UNS ENERGY CORP COM 147,093 140,846 2,254.46 2,434,513
FOSTER WHEELER AG COM 144,972 144,972 New 4,267,634
PACWEST BANCORP DEL COM 119,537 11,177 10.32 2,921,962
SAFEWAY INC COM NEW 105,932 105,932 New 3,041,411
KKR & CO L P DEL COM UNITS 102,319 91,041 807.20 4,041,053
UMPQUA HLDGS CORP COM 100,729 19,905 24.63 5,985,059
HUDSON CITY BANCORP COM 86,250 -29,661 (25.59) 8,837,107
EMERITUS CORP COM 78,592 78,592 New 2,312,212
SIRIUS XM HLDGS INC COM 73,371 73,371 New 21,205,405
ENERGY XXI BERMUDA LTD USD UNRS SHS 44,776 44,776 New 2,070,084
NORDION INC COM 29,169 29,169 New 2,254,151
TRIQUINT SEMICONDUCTOR INC COM 23,911 23,911 New 1,386,131
VERIZON COMMUNICATIONS INC COM 20,754 11,374 121.26 407,653
INGERSOLL-RAND PLC SHS 16,864 14,108 511.74 262,564
SCHAWK INC CL A 16,557 16,557 New 793,354
CHARTER COMMUNICATIONS INC DEL CL A NEW 14,871 11,534 345.58 91,161
BLACKHAWK NETWORK HLDGS INC CL B 13,566 13,566 New 499,673
AMERICAN AIRLS GROUP INC COM 12,034 3,780 45.79 277,735