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Gramercy Investment Advisors LLC
> CET
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2011 | CENTRAL SECURITIES CORP | CET | 682,162 | 0 | 13,957,000 | 512,000 | $20.46 |
| 09/30/2011 | CENTRAL SECURITIES CORP | CET | 682,162 | 0 | 13,445,000 | -2,845,000 | $19.71 |
| 06/30/2011 | CENTRAL SECURITIES CORP | CET | 682,162 | -600 | 16,290,000 | 293,000 | $23.88 |
| 03/31/2011 | CENTRAL SECURITIES CORP | CET | 682,762 | 0 | 15,997,000 | 997,000 | $23.43 |
| 12/31/2010 | CENTRAL SECURITIES CORP | CET | 682,762 | -1,800 | 15,000,000 | 1,391,000 | $21.97 |
| 09/30/2010 | CENTRAL SECURITIES CORP | CET | 684,562 | 5,000 | 13,609,000 | 1,125,000 | $19.88 |
| 06/30/2010 | CENTRAL SECURITIES CORP | CET | 679,562 | 13,307 | 12,484,000 | -699,000 | $18.37 |
| 03/31/2010 | CENTRAL SECURITIES CORP | CET | 666,255 | 17,864 | 13,183,000 | 1,525,000 | $19.79 |
| 12/31/2009 | CENTRAL SECURITIES CORP | CET | 648,391 | 0 | 11,658,000 | 363,000 | $17.98 |
| 09/30/2009 | CENTRAL SECURITIES CORP | CET | 648,391 | 0 | 11,295,000 | 1,388,000 | $17.42 |
| 06/30/2009 | CENTRAL SECURITIES CORP | CET | 648,391 | 40,942 | 9,907,000 | 1,986,000 | $15.28 |
| 03/31/2009 | CENTRAL SECURITIES CORP | CET | 607,449 | 607,449 | 7,921,000 | 7,921,000 | $13.04 |
| 12/31/2008 | CENTRAL SECURITIES CORP | CET | 413,666 | -43,626 | 5,957,000 | -4,227,000 | $14.40 |
| 09/30/2008 | CENTRAL SECURITIES CORP | CET | 457,292 | 445,494 | 10,184,000 | 10,158,200 | $22.27 |
| 06/30/2008 | CENTRAL SECURITIES CORP | CET | 457,292 | 0 | 11,798,000 | 553,000 | $25.80 |
| 03/31/2008 | CENTRAL SECURITIES CORP | CET | 457,292 | 6,805 | 11,245,000 | -846,000 | $24.59 |
| 12/31/2007 | CENTRAL SECURITIES CORP | CET | 450,487 | 90,632 | 12,091,000 | 1,921,000 | $26.84 |
| 09/30/2007 | CENTRAL SECURITIES CORP | CET | 359,855 | 9,140 | 10,170,000 | -18,000 | $28.26 |
| 06/30/2007 | CENTRAL SECURITIES CORP | CET | 350,715 | 16,400 | 10,188,000 | 1,212,000 | $29.05 |
| 03/31/2007 | CENTRAL SECURITIES CORP | CET | 334,315 | 4,092 | 8,976,000 | 176,000 | $26.85 |
| 12/31/2006 | CENTRAL SECURITIES CORP | CET | 330,223 | 330,223 | 8,800,000 | 8,800,000 | $26.65 |
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