WATER ISLAND CAPITAL LLC Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 95
New Positions 37
Increased Positions 54
Decreased Positions 37
Positions with Activity 91
Sold Out Positions 20
Total Mkt Value (in $ millions) 2,221

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

Sector Weighting

Basic Materials 3.15%
Capital Goods 5.28%
Conglomerates
Consumer Cyclical 3.97%
Consumer/Non-Cyclical 0.74%
Energy 1.23%
Financial 9.92%
Healthcare 11.73%
Services 41.5%
Technology 7.61%
Transportation 0%
Utilities 11.5%

91 Activity Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VENTAS INC COM 175,400 29,394 20.13 2,166,765
TRIQUINT SEMICONDUCTOR INC COM 147,453 -91,176 (38.21) 5,352,202
SAFEWAY INC COM NEW 137,411 -43,937 (24.23) 3,914,835
PROTECTIVE LIFE CORP COM 127,388 -24,486 (16.12) 1,820,872
DIRECTV COM 123,756 23,151 23.01 1,458,012
LEVEL 3 COMMUNICATIONS INC COM NEW 123,186 11,935 10.73 2,461,259
FAMILY DLR STORES INC COM 110,946 110,946 New 1,455,604
PEPCO HOLDINGS INC COM 105,755 -5,319 (4.79) 3,858,269
SHIRE PLC SPONSORED ADR 99,459 99,459 New 447,671
MEDTRONIC PLC SHS 82,988 6,734 8.83 1,136,669
BCE INC COM NEW 76,446 76,446 New 1,652,881
INTEGRYS ENERGY GROUP INC COM 75,606 31,129 69.99 909,491
KINDER MORGAN INC DEL COM 74,023 74,023 New 1,818,297
TRW AUTOMOTIVE HLDGS CORP COM 67,754 67,754 New 656,661
TIME WARNER CABLE INC COM 58,329 -82,675 (58.63) 423,383
AECOM TECHNOLOGY CORP DELAWARE COM 56,878 56,878 New 2,191,831
TIM HORTONS INC COM 52,313 52,313 New 608,852
AMEC PLC SPONSORED ADR 51,760 -422 (0.81) 4,338,668
DRESSER-RAND GROUP INC COM 42,908 42,908 New 533,687
SIGMA ALDRICH CORP COM 42,595 42,595 New 309,446