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TFS CAPITAL LLC
> CBL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2017 | CBL & ASSOCIATES PROPERTIES INC | CBL | 0 | -135,048 | 0 | -1,138,000 | |
| 06/30/2017 | CBL & ASSOCIATES PROPERTIES INC | CBL | 135,048 | -19,942 | 1,138,000 | -341,000 | $8.43 |
| 03/31/2017 | CBL & ASSOCIATES PROPERTIES INC | CBL | 154,990 | 5,155 | 1,479,000 | -244,000 | $9.54 |
| 12/31/2016 | CBL & ASSOCIATES PROPERTIES INC | CBL | 149,835 | -15,804 | 1,723,000 | -288,000 | $11.50 |
| 09/30/2016 | CBL & ASSOCIATES PROPERTIES INC | CBL | 165,639 | -110,118 | 2,011,000 | -556,000 | $12.14 |
| 06/30/2016 | CBL & ASSOCIATES PROPERTIES INC | CBL | 275,757 | 275,757 | 2,567,000 | 2,567,000 | $9.31 |
| 03/31/2016 | CBL & ASSOCIATES PROPERTIES INC | CBL | 37,204 | 37,204 | 443,000 | 443,000 | $11.91 |
| 12/31/2015 | CBL & ASSOCIATES PROPERTIES INC | CBL | 27,578 | 27,578 | 341,000 | 341,000 | $12.36 |
| 09/30/2015 | CBL & ASSOCIATES PROPERTIES INC | CBL | 56,212 | 56,212 | 773,000 | 773,000 | $13.75 |
| 06/30/2015 | CBL & ASSOCIATES PROPERTIES INC | CBL | 88,673 | 88,673 | 1,437,000 | 1,437,000 | $16.21 |
| 03/31/2015 | CBL & ASSOCIATES PROPERTIES INC | CBL | 87,521 | 87,521 | 1,733,000 | 1,733,000 | $19.80 |
| 12/31/2014 | CBL & ASSOCIATES PROPERTIES INC | CBL | 96,846 | 96,846 | 1,881,000 | 1,881,000 | $19.42 |
| 09/30/2014 | CBL & ASSOCIATES PROPERTIES INC | CBL | 89,085 | 89,085 | 1,595,000 | 1,595,000 | $17.90 |
| 03/31/2014 | CBL & ASSOCIATES PROPERTIES INC | CBL | 0 | -12,891 | 0 | -232,000 | |
| 12/31/2013 | CBL & ASSOCIATES PROPERTIES INC | CBL | 12,891 | 12,891 | 232,000 | 232,000 | $18.00 |
| 06/30/2012 | CBL & ASSOCIATES PROPERTIES INC | CBL | 0 | -13,706 | 0 | -259,000 | |
| 03/31/2012 | CBL & ASSOCIATES PROPERTIES INC | CBL | 13,706 | -14,298 | 259,000 | -181,000 | $18.90 |
| 12/31/2011 | CBL & ASSOCIATES PROPERTIES INC | CBL | 28,004 | 28,004 | 440,000 | 440,000 | $15.71 |
| 09/30/2011 | CBL & ASSOCIATES PROPERTIES INC | CBL | 0 | -18,397 | 0 | -334,000 | |
| 06/30/2011 | CBL & ASSOCIATES PROPERTIES INC | CBL | 18,397 | 18,397 | 334,000 | 334,000 | $18.16 |
| 03/31/2009 | CBL & ASSOCIATES PROPERTIES INC | CBL | 0 | -82,500 | 0 | -536,000 | |
| 12/31/2008 | CBL & ASSOCIATES PROPERTIES INC | CBL | 82,500 | 82,500 | 536,000 | 536,000 | $6.50 |
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