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DUNCAN HURST CAPITAL MANAGEMENT LP
> ARO
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2008 | AEROPOSTALE INC | ARO | 28,780 | -3,370 | 924,125 | -83,134 | $32.11 |
| 06/30/2008 | AEROPOSTALE INC | ARO | 32,150 | 5,500 | 1,007,259 | 284,777 | $31.33 |
| 03/31/2008 | AEROPOSTALE INC | ARO | 26,650 | 26,650 | 722,482 | 722,482 | $27.11 |
| 09/30/2007 | AEROPOSTALE INC | ARO | 0 | -14,050 | 0 | -585,604 | |
| 06/30/2007 | AEROPOSTALE INC | ARO | 14,050 | 0 | 585,604 | 20,373 | $41.68 |
| 03/31/2007 | AEROPOSTALE INC | ARO | 14,050 | 14,050 | 565,231 | 565,231 | $40.23 |
| 12/31/2004 | AEROPOSTALE INC | ARO | 0 | -151,640 | 0 | -3,973,000 | |
| 09/30/2004 | AEROPOSTALE INC | ARO | 151,640 | 151,640 | 3,973,000 | 3,973,000 | $26.20 |
| 06/30/2004 | AEROPOSTALE INC | ARO | 0 | -212,460 | 0 | -7,704,000 | |
| 03/31/2004 | AEROPOSTALE INC | ARO | 212,460 | 212,460 | 7,704,000 | 7,704,000 | $36.26 |
| 12/31/2003 | AEROPOSTALE INC | ARO | 0 | -229,756 | 0 | -6,215,000 | |
| 09/30/2003 | AEROPOSTALE INC | ARO | 229,756 | 229,756 | 6,215,000 | 6,215,000 | $27.05 |
| 08/12/2003 | AEROPOSTALE INC | ARO | 0 | -229,676 | 0 | -4,933,000 | |
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