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              Table 4-5.  Annual Prices for Halibut QS-Only Transfers by Area and Year

                                                                                           Tot QS        Number of
                                                                  Mean     Stan dev     Transferred      Transfers
                                             Mngt                 Price     Price        Used for         Used for
                                             Area    Year         $/QS       $/QS         Pricing          Pricing
                                             ----    ----         -----     -----          ------          ------

                                              2C      95     |    1.03       0.22         751,236    |       25
                                                      96     |    1.28       0.24       1,484,304    |       43
                                                             |                                       |
                                              3A      95     |    0.74       0.25       2,068,199    |       38
                                                      96     |    0.85       0.21       4,439,006    |       82
                                                             |                                       |
                                              3B      95     |    0.47       0.09         892,536    |       10
                                                      96     |    0.59       0.12         919,400    |       16
                                                             |                                       |
                                              4A      95     |    0.60       0.18         196,536    |        8
                                                      96     |     C          C           267,658    |        3
                                                             |                                       |
                                              4D      96     |     C          C            29,678    |        1



'C' denotes confidential data