FIRST REP BK SAN FRANCISCO C

Ticker: FRCB CUSIP: 33616C100 Class: Stock-Financials

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

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

Q4 2013

Shares 26,000 Value ($000) $1,361 Avg Close $46.55 Range $42.28 - $49.22

Q3 2013

Shares 26,000 Value ($000) $1,212 Avg Close $40.61 Range $35.21 - $44.06

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	26,000	$1,361	$46.55	$42.28 - $49.22
Q3 2013	26,000	$1,212	$40.61	$35.21 - $44.06