SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

Holdings History for FIRSTSERVICE CORP - SUB VTG SH (FSRV)

Symbol: FSRV
Investment type: Equity / SUB VTG SH

Shares, Excluding Options vs Price

Value, Excluding Options

Holdings date	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
30 Jun 2015		-33%	$0	0	-2,453,036	-100%		Q2 2015
31 Mar 2015	33%	+6.1%	$158,502,000	2,453,036	+450,712	+23%	$64.61	Q1 2015
31 Dec 2014	25%	0%	$102,141,000	2,002,324	0		$51.01	Q4 2014

* 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.