BOYD GAMING CORP

Ticker: BYD CUSIP: 103304101 Class: Common Stock

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

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

Q1 2016

Shares 319,200 Value ($000) $6,595 Avg Close $16.59 Range $13.33 - $19.92

Q1 2015

Shares 188,430 Value ($000) $2,676 Avg Close $12.89 Range $11.07 - $14.13

Q4 2014

Shares 350,800 Value ($000) $4,483 Avg Close $10.55 Range $8.23 - $12.25

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	319,200	$6,595	$16.59	$13.33 - $19.92
Q1 2015	188,430	$2,676	$12.89	$11.07 - $14.13
Q4 2014	350,800	$4,483	$10.55	$8.23 - $12.25