DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

D.A. DAVIDSON & CO.'s Holding History (CIK: 0001080107)

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

Q3 2014

Shares 2,925 Value ($000) $57 Avg Close $18.78 Range $16.43 - $21.21

Q2 2014

Shares 7,279 Value ($000) $128 Avg Close $17.36 Range $16.45 - $18.28

Q1 2014

Shares 7,279 Value ($000) $126 Avg Close $16.20 Range $14.12 - $18.55

Q4 2013

Shares 5,640 Value ($000) $94 Avg Close $15.61 Range $14.41 - $17.45

Q3 2013

Shares 4,737 Value ($000) $69 Avg Close $14.57 Range $13.14 - $15.30

Q2 2013

Shares 4,737 Value ($000) $61 Avg Close $13.71 Range $12.72 - $14.55

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	2,925	$57	$18.78	$16.43 - $21.21
Q2 2014	7,279	$128	$17.36	$16.45 - $18.28
Q1 2014	7,279	$126	$16.20	$14.12 - $18.55
Q4 2013	5,640	$94	$15.61	$14.41 - $17.45
Q3 2013	4,737	$69	$14.57	$13.14 - $15.30
Q2 2013	4,737	$61	$13.71	$12.72 - $14.55