HIGHFIELDS CAPITAL MANAGEMENT LP

Holdings History for PETROBRAS - PETROLEO BRASILEIRO SA - American Depositary Shares representing Common Stock (PBR)

Symbol: PBR on NYSE
Investment type: Equity / American Depositary Shares representing Common Stock

Shares, Excluding Options vs Price

Value, Excluding Options

Holdings date	Option	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
31 Dec 2018			-1.2%	$0	0	-4,500,000	-100%	$15.25	Q4 2018
31 Dec 2018	call		-11%	$0	0	-1,500,000	-100%	$15.25	Q4 2018
30 Sep 2018		1%	+0.65%	$54,315,000	4,500,000	+2,500,000	+125%	$12.07	Q3 2018
30 Sep 2018	call	11%	+11%	$18,105,000	1,500,000	+1,500,000	NEW	$12.07	Q3 2018
30 Jun 2018		0.23%	+0.23%	$20,060,000	2,000,000	+2,000,000	NEW	$10.03	Q2 2018

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.