WATER ISLAND CAPITAL LLC Information

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

Report Date: 12/31/2015

Position Statistics

Total Positions 111
New Positions 48
Increased Positions 60
Decreased Positions 48
Positions with Activity 108
Sold Out Positions 32
Total Mkt Value (in $ millions) 843

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

Sector Weighting

Basic Materials 4.22%
Capital Goods 0%
Conglomerates
Consumer Cyclical 0%
Consumer/Non-Cyclical 1.75%
Energy 9.2%
Financial 31.11%
Healthcare 8.25%
Services 17.22%
Technology 19.42%
Transportation 0.05%
Utilities 5.64%

48 DECREASED Positions as of 12/31/2015

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
BOSTON BEER INC CL A -264 Sold Out 0
COMCAST CORP NEW CL A -4,977 Sold Out 0
DISH NETWORK CORP CL A 4,343 -4,148 (48.86) 85,489
SERITAGE GROWTH PPTYS CL A 239 -1,758 (88.03) 4,466
CABLEVISION SYS CORP CL A NY CABLVS -16,762 Sold Out 0
AKAMAI TECHNOLOGIES INC COM -204 Sold Out 0
AXALTA COATING SYS LTD COM -5,191 Sold Out 0
B/E AEROSPACE INC COM -8,143 Sold Out 0
BERRY PLASTICS GROUP INC COM -27 Sold Out 0
BWX TECHNOLOGIES INC COM -3,331 Sold Out 0
COMSCORE INC COM -1,203 Sold Out 0
CONSOL ENERGY INC COM 3,462 -294 (7.83) 228,344
DEPOMED INC COM -1,823 Sold Out 0
DYNEGY INC NEW DEL COM 411 -3,416 (89.26) 23,750
E M C CORP MASS COM -15,201 Sold Out 0
FRONTIER COMMUNICATIONS CORP COM 7,125 -5,747 (44.65) 1,283,702
HALLIBURTON CO COM 2,938 -1,193 (28.87) 71,600
HARRIS CORP DEL COM 26 -17,864 (99.85) 329
HC2 HLDGS INC COM 2,679 -215 (7.44) 680,000
HP INC COM -6,145 Sold Out 0