WATER ISLAND CAPITAL LLC Information

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

Report Date: 03/31/2013

Position Statistics:

Total Positions 45
New Positions 14
Increased Positions 24
Decreased Positions 20
Positions with Activity 44
Sold Out Positions 17
Total Mkt Value
(in $ millions)
1,393

Sector Weighting

Basic Materials 12.11%
Capital Goods 10.14%
Conglomerates
Consumer Cyclical 0.21%
Consumer/Non-Cyclical 4.02%
Energy 0.49%
Financial 45.95%
Healthcare 0.86%
Services 21.35%
Technology 4.88%
Transportation
Utilities 0%

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

45 Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ALPHA NATURAL RESOURCES INC COM -45 Sold Out 0
ARBITRON INC COM -30,586 Sold Out 0
BIODEL INC COM NEW -102 Sold Out 0
CH ENERGY GROUP INC COM -9,979 Sold Out 0
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH -28,157 Sold Out 0
COMERICA INC COM -166 Sold Out 0
INTERMUNE INC COM -166 Sold Out 0
MANITOWOC INC COM -75 Sold Out 0
NRG ENERGY INC COM NEW -81,619 Sold Out 0
PEP BOYS MANNY MOE & JACK COM -13,499 Sold Out 0
POLYONE CORP COM -15,237 Sold Out 0
PVH CORP COM -27,193 Sold Out 0
SCBT FINANCIAL CORP COM -1,781 Sold Out 0
STILLWATER MNG CO COM -300 Sold Out 0
SUPERIOR ENERGY SVCS INC COM -706 Sold Out 0
VALIDUS HOLDINGS LTD COM SHS -3,582 Sold Out 0
WALTER ENERGY INC COM -46 Sold Out 0
ELAN PLC ADR 407 407 New 29,500
SANDRIDGE ENERGY INC COM 583 583 New 117,300
VULCAN MATLS CO COM 1,520 1,520 New 28,076