ALLIANCE DATA SYSTEMS CORP

Ticker: BFH CUSIP: 018581108 Class: Common Stock

Phocas Financial Corp.'s Holding History (CIK: 0001356783)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017

Shares 1,508 Value ($000) $375 Avg Close $164.03 Range $148.35 - $173.98

Q4 2016

Shares 15,521 Value ($000) $3,547 Avg Close $150.52 Range $136.26 - $167.02

Q3 2016

Shares 17,142 Value ($000) $3,677 Avg Close $147.03 Range $132.06 - $165.23

Q2 2016

Shares 20,368 Value ($000) $3,990 Avg Close $143.66 Range $127.53 - $156.70

Q1 2016

Shares 20,819 Value ($000) $4,580 Avg Close $150.81 Range $121.75 - $190.20

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	1,508	$375	$164.03	$148.35 - $173.98
Q4 2016	15,521	$3,547	$150.52	$136.26 - $167.02
Q3 2016	17,142	$3,677	$147.03	$132.06 - $165.23
Q2 2016	20,368	$3,990	$143.66	$127.53 - $156.70
Q1 2016	20,819	$4,580	$150.81	$121.75 - $190.20