DONEGAL GROUP INC

Ticker: DGICA CUSIP: 257701201 Class: Common Stock

EMERALD ADVISERS, LLC's Holding History (CIK: 0001015083)

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

Q3 2016

Shares 136,813 Value ($000) $2,204 Avg Close $10.90 Range $10.39 - $11.22

Q2 2016

Shares 136,813 Value ($000) $2,256 Avg Close $10.24 Range $8.78 - $10.98

Q1 2016

Shares 140,913 Value ($000) $2,026 Avg Close $9.37 Range $8.29 - $9.90

Q4 2015

Shares 140,913 Value ($000) $1,984 Avg Close $9.12 Range $8.52 - $9.71

Q3 2015

Shares 140,913 Value ($000) $1,981 Avg Close $9.32 Range $8.70 - $9.93

Q2 2015

Shares 140,913 Value ($000) $2,146 Avg Close $9.68 Range $9.16 - $10.16

Q1 2015

Shares 141,073 Value ($000) $2,188 Avg Close $9.95 Range $9.24 - $10.38

Q4 2014

Shares 141,073 Value ($000) $2,254 Avg Close $9.85 Range $9.43 - $10.15

Q3 2014

Shares 150,960 Value ($000) $2,319 Avg Close $9.62 Range $9.30 - $10.12

Q2 2014

Shares 150,960 Value ($000) $2,310 Avg Close $9.16 Range $8.71 - $9.85

Q1 2014

Shares 150,960 Value ($000) $2,201 Avg Close $9.06 Range $8.43 - $9.72

Q4 2013

Shares 150,960 Value ($000) $2,400 Avg Close $9.61 Range $8.55 - $10.20

Q3 2013

Shares 118,166 Value ($000) $1,653 Avg Close $8.43 Range $8.06 - $8.92

Q2 2013

Shares 90,194 Value ($000) $1,260 Avg Close $8.77 Range $8.32 - $9.25

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	136,813	$2,204	$10.90	$10.39 - $11.22
Q2 2016	136,813	$2,256	$10.24	$8.78 - $10.98
Q1 2016	140,913	$2,026	$9.37	$8.29 - $9.90
Q4 2015	140,913	$1,984	$9.12	$8.52 - $9.71
Q3 2015	140,913	$1,981	$9.32	$8.70 - $9.93
Q2 2015	140,913	$2,146	$9.68	$9.16 - $10.16
Q1 2015	141,073	$2,188	$9.95	$9.24 - $10.38
Q4 2014	141,073	$2,254	$9.85	$9.43 - $10.15
Q3 2014	150,960	$2,319	$9.62	$9.30 - $10.12
Q2 2014	150,960	$2,310	$9.16	$8.71 - $9.85
Q1 2014	150,960	$2,201	$9.06	$8.43 - $9.72
Q4 2013	150,960	$2,400	$9.61	$8.55 - $10.20
Q3 2013	118,166	$1,653	$8.43	$8.06 - $8.92
Q2 2013	90,194	$1,260	$8.77	$8.32 - $9.25