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EULAV ASSET MANAGEMENT, LLC
> ACI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2011 | ARCH RESOURCES, INC. | ACI | 0 | -27,000 | 0 | -720,000 | |
| 06/30/2011 | ARCH RESOURCES, INC. | ACI | 27,000 | 15,000 | 720,000 | 288,000 | $26.67 |
| 03/31/2011 | ARCH RESOURCES, INC. | ACI | 12,000 | 0 | 432,000 | 11,000 | $36.00 |
| 12/31/2010 | ARCH RESOURCES, INC. | ACI | 12,000 | 12,000 | 421,000 | 421,000 | $35.08 |
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