ARTISAN PARTNERS ASSET MGMT

Ticker: APAM CUSIP: 04316A108 Class: Common Stock

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001005607)

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

Q1 2017

Shares 121,457 Value ($000) $3,352 Avg Close $12.34 Range $11.48 - $13.40

Q4 2016

Shares 122,613 Value ($000) $3,648 Avg Close $11.93 Range $10.12 - $13.61

Q3 2016

Shares 143,365 Value ($000) $3,900 Avg Close $11.17 Range $10.50 - $11.91

Q2 2016

Shares 158,106 Value ($000) $4,376 Avg Close $12.63 Range $10.57 - $13.88

Q1 2016

Shares 160,091 Value ($000) $4,937 Avg Close $11.40 Range $9.38 - $13.58

Q4 2015

Shares 149,366 Value ($000) $5,386 Avg Close $14.01 Range $12.57 - $15.28

Q3 2015

Shares 147,033 Value ($000) $5,180 Avg Close $16.13 Range $13.01 - $17.97

Q2 2015

Shares 132,598 Value ($000) $6,160 Avg Close $16.89 Range $15.99 - $17.89

Q1 2015

Shares 76,280 Value ($000) $3,468 Avg Close $17.09 Range $16.24 - $18.29

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	121,457	$3,352	$12.34	$11.48 - $13.40
Q4 2016	122,613	$3,648	$11.93	$10.12 - $13.61
Q3 2016	143,365	$3,900	$11.17	$10.50 - $11.91
Q2 2016	158,106	$4,376	$12.63	$10.57 - $13.88
Q1 2016	160,091	$4,937	$11.40	$9.38 - $13.58
Q4 2015	149,366	$5,386	$14.01	$12.57 - $15.28
Q3 2015	147,033	$5,180	$16.13	$13.01 - $17.97
Q2 2015	132,598	$6,160	$16.89	$15.99 - $17.89
Q1 2015	76,280	$3,468	$17.09	$16.24 - $18.29