WATER ISLAND CAPITAL LLC Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 97
New Positions 27
Increased Positions 51
Decreased Positions 44
Positions with Activity 95
Sold Out Positions 33
Total Mkt Value (in $ millions) 1,612

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

Sector Weighting

Basic Materials 5.6%
Capital Goods 5.7%
Conglomerates
Consumer Cyclical 6.37%
Consumer/Non-Cyclical 0.55%
Energy 1.9%
Financial 3.63%
Healthcare 21.42%
Services 35.45%
Technology 15.4%
Transportation
Utilities 1.94%

51 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
TRIQUINT SEMICONDUCTOR INC COM 215,365 67,912 46.06 7,817,258
DIRECTV COM 211,545 79,740 60.50 2,340,096
VENTAS INC COM 167,117 16,874 11.23 2,410,112
MEDTRONIC PLC SHS 156,503 70,571 82.12 2,070,142
FAMILY DLR STORES INC COM 143,619 29,310 25.64 1,828,839
ACTAVIS PLC SHS 108,342 78,980 268.98 373,930
TRW AUTOMOTIVE HLDGS CORP COM 98,136 29,140 42.24 934,004
DRESSER-RAND GROUP INC COM 67,892 23,670 53.53 819,354
SIGMA ALDRICH CORP COM 45,963 2,969 6.91 330,812
LABORATORY CORP AMER HLDGS COM NEW 39,433 39,433 New 329,239
ALBEMARLE CORP COM 30,967 3,833 14.13 512,354
B/E AEROSPACE INC COM 23,581 14,766 167.50 391,839
RENAISSANCERE HOLDINGS LTD COM 19,988 19,988 New 193,891
BECTON DICKINSON & CO COM 19,358 19,010 5,461.40 136,143
SUSQUEHANNA BANCSHARES INC PA COM 16,207 16,207 New 1,198,724
YUM BRANDS INC COM 14,130 14,130 New 153,752
KINDRED HEALTHCARE INC COM 13,446 5,357 66.23 556,083
WP GLIMCHER IN COM 12,891 5,885 84.00 855,943
BANK KY FINL CORP COM 11,667 4,656 66.41 243,408
HUDSON VALLEY HOLDING CORP COM 10,709 10,709 New 432,848