ALLIANCE DATA SYSTEMS CORP

Ticker: BFH CUSIP: 018581108 Class: Common Stock

Nicholas Investment Partners, LP's Holding History (CIK: 0001389574)

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

Q4 2015

Shares 16,845 Value ($000) $4,659 Avg Close $195.34 Range $176.62 - $209.37

Q3 2015

Shares 17,940 Value ($000) $4,646 Avg Close $186.69 Range $166.74 - $212.15

Q2 2015

Shares 18,091 Value ($000) $5,281 Avg Close $206.58 Range $199.46 - $215.06

Q1 2015

Shares 17,821 Value ($000) $5,279 Avg Close $197.30 Range $185.37 - $207.98

Q4 2014

Shares 22,855 Value ($000) $6,538 Avg Close $189.01 Range $158.91 - $201.93

Q3 2014

Shares 18,456 Value ($000) $4,582 Avg Close $181.41 Range $165.31 - $198.97

Q2 2014

Shares 13,375 Value ($000) $3,762 Avg Close $175.84 Range $159.08 - $196.03

Q1 2014

Shares 5,529 Value ($000) $1,506 Avg Close $185.53 Range $158.90 - $207.12

Q4 2013

Shares 6,198 Value ($000) $1,630 Avg Close $164.88 Range $144.55 - $182.18

Q3 2013

Shares 6,203 Value ($000) $1,312 Avg Close $136.89 Range $118.07 - $151.66

Q2 2013

Shares 7,121 Value ($000) $1,289 Avg Close $118.19 Range $105.32 - $127.74

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	16,845	$4,659	$195.34	$176.62 - $209.37
Q3 2015	17,940	$4,646	$186.69	$166.74 - $212.15
Q2 2015	18,091	$5,281	$206.58	$199.46 - $215.06
Q1 2015	17,821	$5,279	$197.30	$185.37 - $207.98
Q4 2014	22,855	$6,538	$189.01	$158.91 - $201.93
Q3 2014	18,456	$4,582	$181.41	$165.31 - $198.97
Q2 2014	13,375	$3,762	$175.84	$159.08 - $196.03
Q1 2014	5,529	$1,506	$185.53	$158.90 - $207.12
Q4 2013	6,198	$1,630	$164.88	$144.55 - $182.18
Q3 2013	6,203	$1,312	$136.89	$118.07 - $151.66
Q2 2013	7,121	$1,289	$118.19	$105.32 - $127.74