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BAIRD ROBERT W & CO INC
> ARCO
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2016 | Arcos Dorados Holdings Inc. | ARCO | 0 | -48,882 | 0 | -645,000 | |
| 03/31/2016 | Arcos Dorados Holdings Inc. | ARCO | 0 | -48,882 | 0 | -645,000 | |
| 03/31/2015 | Arcos Dorados Holdings Inc. | ARCO | 0 | -48,882 | 0 | -645,000 | |
| 09/30/2014 | Arcos Dorados Holdings Inc. | ARCO | 0 | -48,882 | 0 | -645,000 | |
| 06/30/2014 | Arcos Dorados Holdings Inc. | ARCO | 0 | -33,947 | 0 | -342,000 | |
| 03/31/2014 | Arcos Dorados Holdings Inc. | ARCO | 33,947 | -14,935 | 342,000 | -303,000 | $10.07 |
| 12/31/2013 | Arcos Dorados Holdings Inc. | ARCO | 32,708 | -16,174 | 396,000 | -249,000 | $12.11 |
| 09/30/2013 | Arcos Dorados Holdings Inc. | ARCO | 31,712 | -17,170 | 376,000 | -269,000 | $11.86 |
| 06/30/2013 | Arcos Dorados Holdings Inc. | ARCO | 31,919 | -16,963 | 373,000 | -272,000 | $11.69 |
| 03/31/2013 | Arcos Dorados Holdings Inc. | ARCO | 48,882 | 1,044 | 645,000 | 73,000 | $13.20 |
| 12/31/2012 | Arcos Dorados Holdings Inc. | ARCO | 47,838 | 2,055 | 572,000 | -134,000 | $11.96 |
| 09/30/2012 | Arcos Dorados Holdings Inc. | ARCO | 45,783 | 23,110 | 706,000 | 296,000 | $15.42 |
| 03/31/2012 | Arcos Dorados Holdings Inc. | ARCO | 22,673 | 3,027 | 410,000 | 7,000 | $18.08 |
| 12/31/2011 | Arcos Dorados Holdings Inc. | ARCO | 19,646 | 19,646 | 403,000 | 403,000 | $20.51 |
| 09/30/2011 | Arcos Dorados Holdings Inc. | ARCO | 19,921 | 19,921 | 462,000 | 462,000 | $23.19 |
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