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KVO Capital Management, LLC
> JCDA
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2010 | JACADA LTD | JCDA | 184,585 | -934,066 | 738,340 | -906,077 | $4.00 |
| 12/31/2009 | JACADA LTD | JCDA | 1,118,651 | 120,049 | 1,644,417 | -1,351,389 | $1.47 |
| 12/31/2008 | JACADA LTD | JCDA | 998,602 | 998,602 | 2,995,806 | 2,995,806 | $3.00 |
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