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) 1,605

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

Sector Weighting

Basic Materials 5.27%
Capital Goods 5.62%
Conglomerates
Consumer Cyclical 6.38%
Consumer/Non-Cyclical 0.53%
Energy 1.67%
Financial 3.63%
Healthcare 22.26%
Services 35.26%
Technology 15.35%
Transportation
Utilities 2%

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 199,657 75,259 60.50 2,340,096
VENTAS INC COM 174,299 17,599 11.23 2,410,112
MEDTRONIC PLC SHS 160,188 72,232 82.12 2,070,142
FAMILY DLR STORES INC COM 145,301 29,654 25.64 1,828,839
ACTAVIS PLC SHS 113,510 82,747 268.98 373,930
TRW AUTOMOTIVE HLDGS CORP COM 97,977 29,093 42.24 934,004
DRESSER-RAND GROUP INC COM 65,516 22,842 53.53 819,354
SIGMA ALDRICH CORP COM 45,722 2,953 6.91 330,812
LABORATORY CORP AMER HLDGS COM NEW 41,863 41,863 New 329,239
ALBEMARLE CORP COM 26,412 3,269 14.13 512,354
B/E AEROSPACE INC COM 24,349 15,247 167.50 391,839
BECTON DICKINSON & CO COM 19,685 19,331 5,461.40 136,143
RENAISSANCERE HOLDINGS LTD COM 19,368 19,368 New 193,891
SUSQUEHANNA BANCSHARES INC PA COM 16,267 16,267 New 1,198,724
WP GLIMCHER IN COM 14,200 6,483 84.00 855,943
KINDRED HEALTHCARE INC COM 13,529 5,391 66.23 556,083
YUM BRANDS INC COM 12,040 12,040 New 153,752
BANK KY FINL CORP COM 11,776 4,699 66.41 243,408
HUDSON VALLEY HOLDING CORP COM 10,934 10,934 New 432,848