AMERCO

Ticker: UHAL CUSIP: 023586100 Class: Common Stock

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

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

Q2 2015

Shares 7,200 Value ($000) $2,354 Avg Close $32.68 Range $31.86 - $33.84

Q1 2015

Shares 25,697 Value ($000) $8,490 Avg Close $30.92 Range $26.63 - $33.50

Q4 2014

Shares 27,637 Value ($000) $7,856 Avg Close $27.10 Range $23.15 - $29.15

Q3 2014

Shares 34,487 Value ($000) $9,032 Avg Close $27.65 Range $25.60 - $29.45

Q2 2014

Shares 35,100 Value ($000) $10,206 Avg Close $26.42 Range $22.47 - $29.71

Q1 2014

Shares 38,100 Value ($000) $8,844 Avg Close $23.13 Range $21.00 - $24.47

Q4 2013

Shares 10,000 Value ($000) $2,378 Avg Close $21.49 Range $18.40 - $24.04

Q3 2013

Shares 5,500 Value ($000) $1,013 Avg Close $17.26 Range $15.82 - $19.22

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	7,200	$2,354	$32.68	$31.86 - $33.84
Q1 2015	25,697	$8,490	$30.92	$26.63 - $33.50
Q4 2014	27,637	$7,856	$27.10	$23.15 - $29.15
Q3 2014	34,487	$9,032	$27.65	$25.60 - $29.45
Q2 2014	35,100	$10,206	$26.42	$22.47 - $29.71
Q1 2014	38,100	$8,844	$23.13	$21.00 - $24.47
Q4 2013	10,000	$2,378	$21.49	$18.40 - $24.04
Q3 2013	5,500	$1,013	$17.26	$15.82 - $19.22