BOSTON BEER INC

Ticker: SAM CUSIP: 100557107 Class: CL A

OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AM's Holding History (CIK: 0001132716)

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

Q2 2017

Shares 6,823 Value ($000) $902,000 Avg Close $139.90 Range $128.70 - $149.70

Q1 2017

Shares 12,540 Value ($000) $1,814,000 Avg Close $156.51 Range $141.55 - $175.60

Q3 2015

Shares 2,900 Value ($000) $611,000 Avg Close $221.14 Range $195.04 - $238.72

Q2 2015

Shares 3,716 Value ($000) $862,000 Avg Close $257.15 Range $231.56 - $273.71

Q1 2015

Shares 4,635 Value ($000) $1,239,000 Avg Close $289.79 Range $253.01 - $325.00

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	6,823	$902,000	$139.90	$128.70 - $149.70
Q1 2017	12,540	$1,814,000	$156.51	$141.55 - $175.60
Q3 2015	2,900	$611,000	$221.14	$195.04 - $238.72
Q2 2015	3,716	$862,000	$257.15	$231.56 - $273.71
Q1 2015	4,635	$1,239,000	$289.79	$253.01 - $325.00