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BLACKTHORN INVESTMENT GROUP LLC
> BRE
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2015 | BRE PROPERTIES INC | BRE | 0 | -49,992 | 0 | -2,501,000 | |
| 06/30/2015 | BRE PROPERTIES INC | BRE | 0 | -49,992 | 0 | -2,501,000 | |
| 12/31/2014 | BRE PROPERTIES INC | BRE | 0 | -49,992 | 0 | -2,501,000 | |
| 03/31/2014 | BRE PROPERTIES INC | BRE | 0 | -49,992 | 0 | -2,501,000 | |
| 09/30/2013 | BRE PROPERTIES INC | BRE | 0 | -49,992 | 0 | -2,501,000 | |
| 06/30/2013 | BRE PROPERTIES INC | BRE | 49,992 | 14,364 | 2,501,000 | 767,000 | $50.03 |
| 03/31/2013 | BRE PROPERTIES INC | BRE | 35,628 | -13,742 | 1,734,000 | -775,000 | $48.67 |
| 12/31/2012 | BRE PROPERTIES INC | BRE | 49,370 | 20,370 | 2,509,000 | 1,149,000 | $50.82 |
| 09/30/2012 | BRE PROPERTIES INC | BRE | 29,000 | -23,000 | 1,360,000 | -1,241,000 | $46.90 |
| 06/30/2012 | BRE PROPERTIES INC | BRE | 52,000 | 52,000 | 2,601,000 | 2,601,000 | $50.02 |
| 03/31/2012 | BRE PROPERTIES INC | BRE | 0 | -46,842 | 0 | -2,365,000 | |
| 12/31/2011 | BRE PROPERTIES INC | BRE | 46,842 | 4,992 | 2,365,000 | 593,000 | $50.49 |
| 09/30/2011 | BRE PROPERTIES INC | BRE | 41,850 | 10,900 | 1,772,000 | 228,000 | $42.34 |
| 06/30/2011 | BRE PROPERTIES INC | BRE | 30,950 | -50 | 1,544,000 | 81,000 | $49.89 |
| 03/31/2011 | BRE PROPERTIES INC | BRE | 31,000 | 31,000 | 1,463,000 | 1,463,000 | $47.19 |
| 12/31/2010 | BRE PROPERTIES INC | BRE | 0 | -32,000 | 0 | -1,328,000 | |
| 09/30/2010 | BRE PROPERTIES INC | BRE | 32,000 | 32,000 | 1,328,000 | 1,328,000 | $41.50 |
| 06/30/2009 | BRE PROPERTIES INC | BRE | 0 | -35,000 | 0 | -687,000 | |
| 03/31/2009 | BRE PROPERTIES INC | BRE | 35,000 | 35,000 | 687,000 | 687,000 | $19.63 |
| 12/31/2008 | BRE PROPERTIES INC | BRE | 0 | -27,000 | 0 | -1,230,000 | |
| 06/30/2008 | BRE PROPERTIES INC | BRE | 0 | -27,000 | 0 | -1,230,000 | |
| 03/31/2008 | BRE PROPERTIES INC | BRE | 27,000 | 27,000 | 1,230,000 | 1,230,000 | $45.56 |
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