| 3/12/2013 | 12 WEST CAPITAL MANAGEMENT LP Bought 900.0 Thousand shares of ARI Network Services Inc |
| 3/31/2013 | AWM INVESTMENT CO., INC. Bought 300.0 Thousand shares of ARI Network Services Inc |
| 5/02/2013 | WYNNEFIELD CAPITAL MANAGEMENT LL... Bought 49.3 Thousand shares of ARI Network Services Inc |