During the years ended December 31, 2014, 2013, and 2012, the Company’s publicly traded subsidiaries, Teekay Tankers, Teekay Offshore and Teekay LNG, completed the following public offerings and equity placements:


	Total Proceeds Received $		Less: Teekay Corporation Portion $⁽¹⁾			Offering Expenses $			Net Proceeds Received $
2014
Teekay Offshore Continuous Offering Program		7,784		(156	)		(153	)		7,475
Teekay Offshore Direct Equity Placement		178,569		(3,571	)		(75	)		174,923
Teekay LNG Public Offering		140,784		(2,816	)		(299	)		137,669
Teekay LNG Continuous Offering Program		42,556		(851	)		(901	)		40,804
Teekay Tankers Public Offering		116,000		(20,000	)		(4,810	)		91,190
2013
Teekay Offshore Direct Equity Placements		115,688		(2,314	)		(188	)		113,186
Teekay Offshore Preferred Units Offering		150,000		—			(5,200	)		144,800
Teekay Offshore Continuous Offering Program		2,819		(59	)		(449	)		2,311
Teekay LNG Continuous Offering Program		5,383		(107	)		(457	)		4,819
Teekay LNG Direct Equity Placement		40,816		(816	)		(40	)		39,960
Teekay LNG Public Offering		150,040		(3,001	)		(5,222	)		141,817
2012
Teekay Offshore Public Offerings		219,474		(4,389	)		(8,164	)		206,921
Teekay Offshore Direct Equity Placement		45,919		(919	)		—			45,000
Teekay Tankers Public Offerings		69,000		—			(3,229	)		65,771
Teekay LNG Public Offering		189,243		(3,784	)		(6,927	)		178,532

(1)	Consists of the portion Teekay subscribed for in the public offering or equity placement.