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WESTERN INVESTMENT LLC
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| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2013 | Drive Shack Inc. | NCT | 33,900 | 0 | 191,000 | 14,000 | $5.63 |
| 06/30/2013 | Drive Shack Inc. | NCT | 33,900 | 3,900 | 177,000 | -83,000 | $5.22 |
| 03/31/2013 | Drive Shack Inc. | NCT | 33,800 | 3,800 | 378,000 | 118,000 | $11.18 |
| 12/31/2012 | Drive Shack Inc. | NCT | 30,000 | 0 | 260,000 | 34,000 | $8.67 |
| 09/30/2012 | Drive Shack Inc. | NCT | 30,000 | -600,000 | 226,000 | -3,995,000 | $7.53 |
| 06/30/2012 | Drive Shack Inc. | NCT | 630,000 | 570,000 | 4,221,000 | 3,844,000 | $6.70 |
| 03/31/2012 | Drive Shack Inc. | NCT | 60,000 | -560,926 | 377,000 | -2,150,000 | $6.28 |
| 12/31/2011 | Drive Shack Inc. | NCT | 341,112 | -279,814 | 1,586,000 | -941,000 | $4.65 |
| 09/30/2011 | Drive Shack Inc. | NCT | 620,926 | -9,074 | 2,527,000 | -1,114,000 | $4.07 |
| 06/30/2011 | Drive Shack Inc. | NCT | 630,000 | 25,000 | 3,641,000 | -13,000 | $5.78 |
| 03/31/2011 | Drive Shack Inc. | NCT | 605,000 | 605,000 | 3,654,000 | 3,654,000 | $6.04 |
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