Newfoundland Capital Management

Q4 2016 13F Holdings Report, Options Holdings

Signature - Title: Andre Kherlakian - COO/CCO
Location: Sao Paulo, Brazil
Options holdings as of: 31 Dec 2016
Notional value: $50,013,000
Number of holdings: 8
Filing time: 13 Feb 2017, 09:03:37 UTC
Description: All US holdings of this investor are reported in this report.
Next filing: Q1 2017 - 19 Jun 2017
Stock holdings: Showing options holdings, see here for stock holdings

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

Compare Q4 2016 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
Andre Kherlakian	COO/CCO	Sao Paolo, Brazil	13 Feb 2017