BPZ RESOURCES INC

CUSIP: 055639ac2 Class: NOTE 8.500%10/0

PALISADE CAPITAL MANAGEMENT, LP's Holding History (CIK: 0001009006)

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

Q4 2014
Shares 3,570,000 Value ($000) $1,142 Avg Close — Range —
Q3 2014
Shares 6,570,000 Value ($000) $6,529 Avg Close — Range —
Q2 2014
Shares 5,570,000 Value ($000) $6,552 Avg Close — Range —
Q1 2014
Shares 3,570,000 Value ($000) $4,112 Avg Close — Range —
Q4 2013
Shares 4,000,000 Value ($000) $3,645 Avg Close — Range —