HAWTHORN BANCSHARES INC

Ticker: HWBK CUSIP: 420476103 Class: Common Stock

Ground Swell Capital, LLC's Holding History (CIK: 0001534450)

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

Q3 2014

Shares 148 Value ($000) $2 Avg Close $11.47 Range $10.58 - $12.48

Q2 2014

Shares 500 Value ($000) $6 Avg Close $11.55 Range $11.03 - $12.13

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	148	$2	$11.47	$10.58 - $12.48
Q2 2014	500	$6	$11.55	$11.03 - $12.13