BOSTON BEER INC

Ticker: SAM CUSIP: 100557107 Class: CL A

GW&K Investment Management, LLC's Holding History (CIK: 0001082917)

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

Q4 2014

Shares 7,645 Value ($000) $2,214 Avg Close $253.32 Range $210.03 - $299.00

Q3 2014

Shares 8,599 Value ($000) $1,907 Avg Close $223.81 Range $213.37 - $233.93

Q2 2014

Shares 6,672 Value ($000) $1,491 Avg Close $227.88 Range $208.82 - $248.00

Q1 2014

Shares 5,213 Value ($000) $1,276 Avg Close $227.93 Range $202.78 - $249.81

Q4 2013

Shares 4,579 Value ($000) $1,107 Avg Close $240.06 Range $223.00 - $265.53

Q3 2013

Shares 3,846 Value ($000) $939 Avg Close $206.79 Range $170.39 - $250.34

Q2 2013

Shares 4,274 Value ($000) $729 Avg Close $158.63 Range $143.42 - $174.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	7,645	$2,214	$253.32	$210.03 - $299.00
Q3 2014	8,599	$1,907	$223.81	$213.37 - $233.93
Q2 2014	6,672	$1,491	$227.88	$208.82 - $248.00
Q1 2014	5,213	$1,276	$227.93	$202.78 - $249.81
Q4 2013	4,579	$1,107	$240.06	$223.00 - $265.53
Q3 2013	3,846	$939	$206.79	$170.39 - $250.34
Q2 2013	4,274	$729	$158.63	$143.42 - $174.59