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


                                                                                              Tot QS          Num of
                                                                     Mean     Stan Dev         Trans           Trans
                                             Mngt                    Price     Price        Used For         Used For
                                             Area       Year         $/QS       $/QS         Pricing          Pricing
                                             ----       ----         -----     -----          ------          ------

                                          Southeast      95     |    1.22       0.44         155,297    |        6
                                                         96     |    0.94       0.33         471,382    |       14
                                                                |                                       |
                                          W. Yakutat     95     |    0.89       0.11         399,983    |        4
                                                         96     |    0.68       0.10         256,110    |        7
                                                                |                                       |
                                          C. Gulf        95     |    0.59       0.14         590,998    |        5
                                                         96     |    0.71       0.04         824,136    |        9
                                                                |                                       |
                                          W. Gulf        95     |     C          C            81,442    |        2
                                                         96     |     C          C            36,520    |        2
                                                                |                                       |
                                          Bering Sea     95     |     C          C           106,583    |        1
                                                         96     |     C          C           255,468    |        1
                                                                |                                       |
                                          Aleutians      95     |     C          C           594,509    |        1
                                                         96     |     C          C           164,185    |        1