BATS GLOBAL MKTS INC

CUSIP: 05491G109 Class: COM

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

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

Q3 2016
Shares 408,527 Value ($000) $12,309 Avg Close — Range —
Q2 2016
Shares 533,997 Value ($000) $13,718 Avg Close — Range —