BIGLARI HLDGS INC

CUSIP: 08986R101 Class: COM

Matthew 25 Management Corp's Holding History (CIK: 0001351431)

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

Q1 2015
Shares 23,370 Value ($000) $9,678 Avg Close — Range —
Q4 2014
Shares 23,370 Value ($000) $9,337 Avg Close — Range —
Q3 2014
Shares 23,370 Value ($000) $7,940 Avg Close — Range —
Q2 2014
Shares 19,250 Value ($000) $8,142,173 Avg Close — Range —
Q1 2014
Shares 18,950 Value ($000) $9,237,936 Avg Close — Range —
Q4 2013
Shares 19,591 Value ($000) $9,925,584 Avg Close — Range —
Q3 2013
Shares 19,591 Value ($000) $8,084,618 Avg Close — Range —
Q2 2013
Shares 15,750 Value ($000) $6,464 Avg Close — Range —