CUMBERLAND PHARMACEUTICALS I

Ticker: CPIX CUSIP: 230770109 Class: Stock

KESTREL INVESTMENT MANAGEMENT CORP's Holding History (CIK: 0000917579)

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

Q2 2014

Shares 137,500 Value ($000) $619 Avg Close $4.46 Range $4.20 - $4.59

Q1 2014

Shares 352,350 Value ($000) $1,586 Avg Close $4.76 Range $4.33 - $5.19

Q4 2013

Shares 577,339 Value ($000) $2,950 Avg Close $4.88 Range $4.53 - $5.41

Q3 2013

Shares 601,339 Value ($000) $2,724 Avg Close $4.98 Range $4.33 - $5.85

Q2 2013

Shares 628,939 Value ($000) $3,214 Avg Close $4.98 Range $4.52 - $5.37

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	137,500	$619	$4.46	$4.20 - $4.59
Q1 2014	352,350	$1,586	$4.76	$4.33 - $5.19
Q4 2013	577,339	$2,950	$4.88	$4.53 - $5.41
Q3 2013	601,339	$2,724	$4.98	$4.33 - $5.85
Q2 2013	628,939	$3,214	$4.98	$4.52 - $5.37