ARTISAN PARTNERS ASSET MGMT

Ticker: APAM CUSIP: 04316A108 Class: Common Stock

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

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

Q3 2019

Shares 320,464 Value ($000) $9,050 Avg Close $15.77 Range $14.47 - $16.77

Q2 2015

Shares 319,612 Value ($000) $14,849 Avg Close $16.89 Range $15.99 - $17.89

Q1 2015

Shares 131,000 Value ($000) $5,955 Avg Close $17.09 Range $16.24 - $18.29

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2019	320,464	$9,050	$15.77	$14.47 - $16.77
Q2 2015	319,612	$14,849	$16.89	$15.99 - $17.89
Q1 2015	131,000	$5,955	$17.09	$16.24 - $18.29