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 48
New Positions 32
Increased Positions 37
Decreased Positions 11
Positions with Activity 48
Sold Out Positions 7
Total Mkt Value (in $ millions) 820

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

Sector Weighting

Basic Materials 0.4%
Capital Goods 1.45%
Conglomerates 21.78%
Consumer Cyclical 0.58%
Consumer/Non-Cyclical 0%
Energy 8.12%
Financial 46.64%
Healthcare 1.89%
Services 9.39%
Technology 6.83%
Transportation
Utilities 1.9%

48 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 -62,734 Sold Out 0
ELAN PLC ADR -143,179 Sold Out 0
INTERCONTINENTALEXCHANGE GROUP COM -169,585 Sold Out 0
MID-AMER APT CMNTYS INC COM -61,933 Sold Out 0
TAYLOR CAP GROUP INC COM -5,432 Sold Out 0
WHITEWAVE FOODS CO COM CL A -39,130 Sold Out 0
ZOETIS INC CL A -283 Sold Out 0
ACTIVISION BLIZZARD INC COM 302 -1,694 (84.85) 15,355
OFFICE DEPOT INC COM 5,896 -3,698 (38.55) 1,455,859
HUDSON CITY BANCORP COM 117,574 -17,978 (13.26) 11,876,120
VERIZON COMMUNICATIONS INC COM 8,770 -649 (6.89) 184,246
ACTAVIS PLC SHS 8,248 8,248 New 41,785
AEROPOSTALE COM 865 865 New 193,067
ALLEGION PUB LTD CO ORD SHS 1,682 1,682 New 33,546
AMERICAN AIRLS GROUP INC COM 6,744 6,744 New 190,508
AMERICAN RLTY CAP PPTYS INC COM 13,945 13,945 New 1,049,255
ASSURED GUARANTY LTD COM 4,157 4,157 New 174,002
CHARTER COMMUNICATIONS INC DEL CL A NEW 2,411 2,411 New 20,459
COMMUNITY HEALTH SYS INC NEW COM 1,376 1,376 New 38,561
CONSOL ENERGY INC COM 2,558 2,558 New 61,179