Hedge Fund - Chou Associates Management

Level 3 Communications Inc (LVLT) NOTE 15.000% 1/1

Holding History Records
No. Filing Period Value % of Portfolio Number of Shares Avg. Quarterly Share Price
1 2013 - Q1 (2013-03-31) $0 0% 0 $22.25
2 2012 - Q4 (2012-12-31) $30,553,000 7.99% 30,250,000 $20.84
3 2012 - Q3 (2012-09-30) $33,072,000 8.34% 30,250,000 $21.42
4 2012 - Q1 (2012-03-31) $36,964,000 8.99% 3,250,000 $21.96
5 2011 - Q4 (2011-12-31) $34,586,000 9.78% 30,250,000 $
6 2011 - Q3 (2011-09-30) $45,002,000 11.75% 35,250,000 $
7 2011 - Q2 (2011-06-30) $56,541,000 12.79% 35,250,000 $
8 2011 - Q1 (2011-03-31) $51,032,000 12.53% 39,000,000 $
9 2010 - Q4 (2010-12-31) $43,524,000 8.53% 39,000,000 $

The displayed share prices are average quarterly stock market prices.