FLOWERS FOODS INC

Ticker: FLO CUSIP: 343498101 Class: COM

EULAV Asset Management's Holding History (CIK: 0001540826)

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

Q4 2015

Shares 567,037 Value ($000) $12,186 Avg Close $16.40 Range $14.43 - $18.35

Q3 2015

Shares 598,837 Value ($000) $14,815 Avg Close $15.20 Range $13.58 - $17.43

Q2 2015

Shares 674,037 Value ($000) $14,256 Avg Close $14.91 Range $14.10 - $15.67

Q1 2015

Shares 674,037 Value ($000) $15,328 Avg Close $13.72 Range $12.30 - $15.34

Q4 2014

Shares 727,037 Value ($000) $13,952 Avg Close $12.39 Range $11.43 - $13.26

Q3 2014

Shares 635,037 Value ($000) $11,659 Avg Close $12.73 Range $11.86 - $13.91

Q2 2014

Shares 627,037 Value ($000) $13,218 Avg Close $13.40 Range $12.83 - $13.91

Q1 2014

Shares 625,037 Value ($000) $13,407 Avg Close $13.44 Range $12.03 - $14.30

Q4 2013

Shares 625,037 Value ($000) $13,420 Avg Close $14.47 Range $13.17 - $16.43

Q3 2013

Shares 600,037 Value ($000) $12,865 Avg Close $14.27 Range $12.87 - $15.60

Q2 2013

Shares 600,037 Value ($000) $13,231 Avg Close $13.91 Range $13.04 - $15.31

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	567,037	$12,186	$16.40	$14.43 - $18.35
Q3 2015	598,837	$14,815	$15.20	$13.58 - $17.43
Q2 2015	674,037	$14,256	$14.91	$14.10 - $15.67
Q1 2015	674,037	$15,328	$13.72	$12.30 - $15.34
Q4 2014	727,037	$13,952	$12.39	$11.43 - $13.26
Q3 2014	635,037	$11,659	$12.73	$11.86 - $13.91
Q2 2014	627,037	$13,218	$13.40	$12.83 - $13.91
Q1 2014	625,037	$13,407	$13.44	$12.03 - $14.30
Q4 2013	625,037	$13,420	$14.47	$13.17 - $16.43
Q3 2013	600,037	$12,865	$14.27	$12.87 - $15.60
Q2 2013	600,037	$13,231	$13.91	$13.04 - $15.31