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GOLDMAN CAPITAL MANAGEMENT INC
> REFR
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2017 | RESEARCH FRONTIERS INC | REFR | 1,644,266 | -475,357 | 1,710,000 | -812,000 | $1.04 |
| 09/30/2017 | RESEARCH FRONTIERS INC | REFR | 2,119,623 | 31,000 | 2,522,000 | -172,000 | $1.19 |
| 06/30/2017 | RESEARCH FRONTIERS INC | REFR | 2,088,623 | -69,468 | 2,694,000 | -327,000 | $1.29 |
| 03/31/2017 | RESEARCH FRONTIERS INC | REFR | 2,158,091 | -109,909 | 3,021,000 | -1,107,000 | $1.40 |
| 12/31/2016 | RESEARCH FRONTIERS INC | REFR | 2,268,000 | -8,900 | 4,128,000 | -1,769,000 | $1.82 |
| 09/30/2016 | RESEARCH FRONTIERS INC | REFR | 2,276,900 | 362,348 | 5,897,000 | -1,091,000 | $2.59 |
| 06/30/2016 | RESEARCH FRONTIERS INC | REFR | 1,914,552 | 1,068,979 | 6,988,000 | 3,876,000 | $3.65 |
| 03/31/2016 | RESEARCH FRONTIERS INC | REFR | 1,817,589 | 202,500 | 8,288,000 | -999,000 | $4.56 |
| 12/31/2015 | RESEARCH FRONTIERS INC | REFR | 1,748,689 | 64,100 | 9,111,000 | 570,000 | $5.21 |
| 09/30/2015 | RESEARCH FRONTIERS INC | REFR | 1,684,589 | 69,500 | 8,541,000 | -746,000 | $5.07 |
| 06/30/2015 | RESEARCH FRONTIERS INC | REFR | 1,611,089 | 33,000 | 8,603,000 | -1,023,000 | $5.34 |
| 03/31/2015 | RESEARCH FRONTIERS INC | REFR | 1,578,089 | -37,000 | 9,626,000 | 339,000 | $6.10 |
| 12/31/2014 | RESEARCH FRONTIERS INC | REFR | 1,615,089 | 0 | 8,270,000 | -1,017,000 | $5.12 |
| 09/30/2014 | RESEARCH FRONTIERS INC | REFR | 1,615,089 | 769,516 | 9,287,000 | 6,175,000 | $5.75 |
| 06/30/2014 | RESEARCH FRONTIERS INC | REFR | 1,514,438 | 668,865 | 9,177,000 | 6,065,000 | $6.06 |
| 03/31/2014 | RESEARCH FRONTIERS INC | REFR | 1,380,559 | 534,986 | 6,282,000 | 3,170,000 | $4.55 |
| 12/31/2013 | RESEARCH FRONTIERS INC | REFR | 1,215,453 | 369,880 | 7,025,000 | 3,913,000 | $5.78 |
| 09/30/2013 | RESEARCH FRONTIERS INC | REFR | 1,208,000 | 362,427 | 5,122,000 | 2,010,000 | $4.24 |
| 06/30/2013 | RESEARCH FRONTIERS INC | REFR | 1,066,000 | 220,427 | 4,243,000 | 1,131,000 | $3.98 |
| 03/31/2013 | RESEARCH FRONTIERS INC | REFR | 845,573 | 452,073 | 3,112,000 | 1,640,000 | $3.68 |
| 12/31/2012 | RESEARCH FRONTIERS INC | REFR | 393,500 | 173,500 | 1,472,000 | 493,000 | $3.74 |
| 09/30/2012 | RESEARCH FRONTIERS INC | REFR | 220,000 | 220,000 | 979,000 | 979,000 | $4.45 |
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