Insider Trades - GLENHILL ADVISORS LLC

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GLENHILL ADVISORS LLC: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Lionbridge Technologies, Inc. Beneficial Owner (10% or more) NasdaqGS:LIOX (historical quotes, profile, SEC, other insiders)	16-May-13	8,078,361	Indirect
Retail Opportunity Investments Other NasdaqGS:ROIC (historical quotes, profile, other insiders)	28-Oct-11	2,305,000	Indirect

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
16-May-13 *77,050 LIOX Purchase at $2.66 per share.
(Cost of $204,953)
15-May-13 *265,300 LIOX Purchase at $2.54 - $2.55 per share.
(Cost of about $675,000)
14-May-13 *69,000 LIOX Purchase at $2.55 - $2.57 per share.
(Cost of about $177,000)
13-May-13 *477,881 LIOX Purchase at $2.48 - $2.5 per share.
(Cost of about $1,190,000)
8-May-13 *7,189,130 LIOX Statement of Ownership
28-Oct-11 *10,000 ROIC Sale at $11.29 per share.
(Proceeds of $112,899)
27-Oct-11 *10,000 ROIC Sale at $11.17 per share.
(Proceeds of $111,700)

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
16-May-13	*77,050	LIOX	Purchase at $2.66 per share. (Cost of $204,953)
15-May-13	*265,300	LIOX	Purchase at $2.54 - $2.55 per share. (Cost of about $675,000)
14-May-13	*69,000	LIOX	Purchase at $2.55 - $2.57 per share. (Cost of about $177,000)
13-May-13	*477,881	LIOX	Purchase at $2.48 - $2.5 per share. (Cost of about $1,190,000)
8-May-13	*7,189,130	LIOX	Statement of Ownership
28-Oct-11	*10,000	ROIC	Sale at $11.29 per share. (Proceeds of $112,899)
27-Oct-11	*10,000	ROIC	Sale at $11.17 per share. (Proceeds of $111,700)