Nantahala Capital Management, LLC

Q1 2015 13F Holdings Report, Restatement, Options Holdings

Signature - Title: Paul Rehm - Chief Compliance Officer
Location: New Canaan, CT
Options holdings as of: 31 Mar 2015
Notional value: $235,909,000
Number of holdings: 18
Filing time: 14 Aug 2015, 12:13:24 UTC
Description: All US holdings of this investor are reported in this report.
Previous filing: Q4 2014 - 17 Feb 2015
Next filing: Q2 2015 - 14 Aug 2015
Stock holdings: Showing options holdings, see here for stock holdings

Sym	Company	Class	Option	Share Change	Activity	* Price $	Shares	Notional Value

Filing 2015 Q1 - Restatement compared to 2014 Q4 by default. Changes are calculated vs the previous SEC filing.

Compare Q1 2015 to

* 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.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Paul Rehm	Chief Compliance Officer	Darien, Connecticut	14 Aug 2015

* The value of FINTECH ACQUISITION CORP UNIT 99/99/9999 reported reflects the market valuation but for internal valuation purposes we value 50,000 of these shares at a discount due to the limitations on placement units as described in the prospectus.