EMERGENT BIOSOLUTIONS INC

Ticker: EBS CUSIP: 29089Q105 Class: Common Stock

MERITAGE PORTFOLIO MANAGEMENT's Holding History (CIK: 0000881432)

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

Q4 2018

Shares 100,004 Value ($000) $5,928 Avg Close $64.47 Range $54.00 - $73.89

Q3 2018

Shares 101,703 Value ($000) $6,695 Avg Close $58.35 Range $49.93 - $67.24

Q2 2018

Shares 102,826 Value ($000) $5,192 Avg Close $52.10 Range $46.93 - $55.94

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	100,004	$5,928	$64.47	$54.00 - $73.89
Q3 2018	101,703	$6,695	$58.35	$49.93 - $67.24
Q2 2018	102,826	$5,192	$52.10	$46.93 - $55.94