WATER ISLAND CAPITAL LLC Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 49
New Positions 32
Increased Positions 37
Decreased Positions 12
Positions with Activity 49
Sold Out Positions 8
Total Mkt Value (in $ millions) 816

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

Sector Weighting

Basic Materials 0.42%
Capital Goods 1.42%
Conglomerates 21.9%
Consumer Cyclical 0.57%
Consumer/Non-Cyclical 0%
Energy 7.91%
Financial 46.75%
Healthcare 1.89%
Services 9.39%
Technology 6.84%
Transportation
Utilities 1.92%

12 DECREASED Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
COOPER TIRE & RUBR CO COM -61,903 Sold Out 0
ELAN PLC ADR -143,179 Sold Out 0
HI-TECH PHARMACAL INC COM -8,536 Sold Out 0
INTERCONTINENTALEXCHANGE GROUP COM -165,805 Sold Out 0
MID-AMER APT CMNTYS INC COM -62,024 Sold Out 0
TAYLOR CAP GROUP INC COM -5,392 Sold Out 0
WHITEWAVE FOODS CO COM CL A -36,573 Sold Out 0
ZOETIS INC CL A -282 Sold Out 0
ACTIVISION BLIZZARD INC COM 293 -1,640 (84.85) 15,355
OFFICE DEPOT INC COM 5,765 -3,616 (38.55) 1,455,859
HUDSON CITY BANCORP COM 116,505 -17,814 (13.26) 11,876,120
VERIZON COMMUNICATIONS INC COM 8,645 -639 (6.89) 184,246