DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

MASSACHUSETTS FINANCIAL SERVICES CO /MA/'s Holding History (CIK: 0000912938)

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

Q2 2016

Shares 136,479 Value ($000) $3,512 Avg Close $22.47 Range $20.00 - $25.74

Q1 2016

Shares 126,537 Value ($000) $2,899 Avg Close $20.10 Range $16.89 - $23.38

Q4 2015

Shares 132,920 Value ($000) $2,801 Avg Close $21.90 Range $19.38 - $24.48

Q3 2015

Shares 115,433 Value ($000) $2,292 Avg Close $21.25 Range $19.56 - $23.59

Q2 2015

Shares 103,197 Value ($000) $2,216,672 Avg Close $21.72 Range $20.06 - $23.45

Q1 2015

Shares 138,444 Value ($000) $3,162,061 Avg Close $21.63 Range $18.68 - $23.86

Q4 2014

Shares 128,859 Value ($000) $2,761,448 Avg Close $21.46 Range $18.40 - $24.90

Q3 2014

Shares 252,161 Value ($000) $4,917 Avg Close $18.78 Range $16.43 - $21.21

Q2 2014

Shares 241,475 Value ($000) $4,255 Avg Close $17.36 Range $16.45 - $18.28

Q1 2014

Shares 219,545 Value ($000) $3,824,474 Avg Close $16.20 Range $14.12 - $18.55

Q4 2013

Shares 230,435 Value ($000) $3,875,917 Avg Close $15.61 Range $14.41 - $17.45

Q3 2013

Shares 222,125 Value ($000) $3,271,901 Avg Close $14.57 Range $13.14 - $15.30

Q2 2013

Shares 209,655 Value ($000) $2,721,322 Avg Close $13.71 Range $12.72 - $14.55

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	136,479	$3,512	$22.47	$20.00 - $25.74
Q1 2016	126,537	$2,899	$20.10	$16.89 - $23.38
Q4 2015	132,920	$2,801	$21.90	$19.38 - $24.48
Q3 2015	115,433	$2,292	$21.25	$19.56 - $23.59
Q2 2015	103,197	$2,216,672	$21.72	$20.06 - $23.45
Q1 2015	138,444	$3,162,061	$21.63	$18.68 - $23.86
Q4 2014	128,859	$2,761,448	$21.46	$18.40 - $24.90
Q3 2014	252,161	$4,917	$18.78	$16.43 - $21.21
Q2 2014	241,475	$4,255	$17.36	$16.45 - $18.28
Q1 2014	219,545	$3,824,474	$16.20	$14.12 - $18.55
Q4 2013	230,435	$3,875,917	$15.61	$14.41 - $17.45
Q3 2013	222,125	$3,271,901	$14.57	$13.14 - $15.30
Q2 2013	209,655	$2,721,322	$13.71	$12.72 - $14.55