BENEFICIAL MUTUAL BANCORP IN

CUSIP: 08173R104 Class: CMN

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

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

Q4 2014
Shares 46,330 Value ($000) $568 Avg Close — Range —
Q3 2014
Shares 83,230 Value ($000) $1,064 Avg Close — Range —