DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q3 2015
Shares 15,919 Value ($000) $316 Avg Close $21.25 Range $19.56 - $23.59
Q2 2015
Shares 26,080 Value ($000) $560 Avg Close $21.72 Range $20.06 - $23.45
Q1 2015
Shares 17,708 Value ($000) $404 Avg Close $21.63 Range $18.68 - $23.86
Q4 2014
Shares 18,036 Value ($000) $387 Avg Close $21.46 Range $18.40 - $24.90
Q3 2014
Shares 18,036 Value ($000) $352 Avg Close $18.78 Range $16.43 - $21.21
Q2 2014
Shares 18,036 Value ($000) $318 Avg Close $17.36 Range $16.45 - $18.28
Q1 2014
Shares 18,036 Value ($000) $314 Avg Close $16.20 Range $14.12 - $18.55
Q4 2013
Shares 18,036 Value ($000) $303 Avg Close $15.61 Range $14.41 - $17.45
Q3 2013
Shares 18,036 Value ($000) $266 Avg Close $14.57 Range $13.14 - $15.30
Q2 2013
Shares 18,036 Value ($000) $235 Avg Close $13.71 Range $12.72 - $14.55