DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

GAM Holding AG's Holding History (CIK: 0001438848)

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

Q3 2016

Shares 30,000 Value ($000) $958 Avg Close $29.94 Range $24.05 - $32.80

Q3 2015

Shares 17,000 Value ($000) $338 Avg Close $21.25 Range $19.56 - $23.59

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	30,000	$958	$29.94	$24.05 - $32.80
Q3 2015	17,000	$338	$21.25	$19.56 - $23.59