DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

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

Q1 2016

Shares 30,657 Value ($000) $702 Avg Close $20.10 Range $16.89 - $23.38

Q4 2015

Shares 30,654 Value ($000) $646 Avg Close $21.90 Range $19.38 - $24.48

Q3 2015

Shares 30,654 Value ($000) $673 Avg Close $21.25 Range $19.56 - $23.59

Q2 2015

Shares 30,651 Value ($000) $699 Avg Close $21.72 Range $20.06 - $23.45

Q1 2015

Shares 39,487 Value ($000) $902 Avg Close $21.63 Range $18.68 - $23.86

Q4 2014

Shares 30,468 Value ($000) $653 Avg Close $21.46 Range $18.40 - $24.90

Q3 2014

Shares 30,468 Value ($000) $594 Avg Close $18.78 Range $16.43 - $21.21

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	30,657	$702	$20.10	$16.89 - $23.38
Q4 2015	30,654	$646	$21.90	$19.38 - $24.48
Q3 2015	30,654	$673	$21.25	$19.56 - $23.59
Q2 2015	30,651	$699	$21.72	$20.06 - $23.45
Q1 2015	39,487	$902	$21.63	$18.68 - $23.86
Q4 2014	30,468	$653	$21.46	$18.40 - $24.90
Q3 2014	30,468	$594	$18.78	$16.43 - $21.21