ALLIANCE DATA SYSTEMS CORP

Ticker: BFH CUSIP: 018581108 Class: Common Stock

Park Avenue Institutional Advisers LLC's Holding History (CIK: 0001640801)

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

Q2 2016

Shares 375 Value ($000) $73 Avg Close $143.66 Range $127.53 - $156.70

Q1 2016

Shares 386 Value ($000) $85 Avg Close $150.81 Range $121.75 - $190.20

Q4 2015

Shares 401 Value ($000) $111 Avg Close $195.34 Range $176.62 - $209.37

Q3 2015

Shares 409 Value ($000) $106 Avg Close $186.69 Range $166.74 - $212.15

Q2 2015

Shares 424 Value ($000) $124 Avg Close $206.58 Range $199.46 - $215.06

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	375	$73	$143.66	$127.53 - $156.70
Q1 2016	386	$85	$150.81	$121.75 - $190.20
Q4 2015	401	$111	$195.34	$176.62 - $209.37
Q3 2015	409	$106	$186.69	$166.74 - $212.15
Q2 2015	424	$124	$206.58	$199.46 - $215.06