Jeffrey Ubben & ValueAct Capital Go Activist On Alliance Data Systems (ADS)

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Page 11 of 13 – SEC Filing
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CUSIP NO. 018581108 Page 11 of 14
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Reporting Person Trade Date Shares Price/Share
—————- ———- ———— ———–
ValueAct Master Fund 07/06/2016 12,090 $193.89
(cont.) 07/06/2016 100,000 $194.97
07/07/2016 200,000 $198.00

(d) and (e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer

Other than as described elsewhere in this Report, the Reporting
Persons have no understandings, arrangements, relationships or contracts
relating to the Issuer’s Common Stock which are required to be described
hereunder.

Item 7. Material to Be Filed as Exhibits

(1) Joint Filing Agreement.

Follow Bread Financial Holdings Inc. (NYSE:BFH)

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