DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

NICHOLAS COMPANY, INC.'s Holding History (CIK: 0000903949)

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

Q4 2013

Shares 343,241 Value ($000) $5,773 Avg Close $15.61 Range $14.41 - $17.45

Q3 2013

Shares 402,241 Value ($000) $5,925 Avg Close $14.57 Range $13.14 - $15.30

Q2 2013

Shares 402,241 Value ($000) $5,221 Avg Close $13.71 Range $12.72 - $14.55

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	343,241	$5,773	$15.61	$14.41 - $17.45
Q3 2013	402,241	$5,925	$14.57	$13.14 - $15.30
Q2 2013	402,241	$5,221	$13.71	$12.72 - $14.55