Paul Isaac - Arbiter Partners Capital Management Portfolio

Arbiter Partners Capital Management Options Activity

Date	Symbol	Name	Option	Quantity	Value
Q2 2013	UPS United Parcel Service, Inc.	United Parcel Service, Inc.	CALL	150,000	$12,972
Q2 2013	WDC Western Digital Corporation	Western Digital Corporation	CALL	290,000	$18,006
Q2 2013	WU Western Union Company (The)	Western Union Company (The)	CALL	500,000	$8,555

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