HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

TRAVELERS COMPANIES, INC.'s Holding History (CIK: 0000086312)

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

Q1 2017

Shares 2,745 Value ($000) $22 Avg Close $8.82 Range $7.30 - $9.87

Q4 2016

Shares 2,745 Value ($000) $25 Avg Close $8.79 Range $7.16 - $10.40

Q2 2016

Shares 2,471 Value ($000) $11 Avg Close $4.51 Range $3.95 - $5.25

Q3 2015

Shares 2,471 Value ($000) $17 Avg Close $7.41 Range $6.00 - $8.71

Q2 2015

Shares 2,471 Value ($000) $21 Avg Close $10.10 Range $7.58 - $12.23

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	2,745	$22	$8.82	$7.30 - $9.87
Q4 2016	2,745	$25	$8.79	$7.16 - $10.40
Q2 2016	2,471	$11	$4.51	$3.95 - $5.25
Q3 2015	2,471	$17	$7.41	$6.00 - $8.71
Q2 2015	2,471	$21	$10.10	$7.58 - $12.23