HILLTOP HOLDINGS INC

Ticker: HTH CUSIP: 432748101 Class: Common Stock

Bandera Partners LLC's Holding History (CIK: 0001399386)

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

Q1 2016

Shares 585,338 Value ($000) $11,051 Avg Close $16.88 Range $14.28 - $19.21

Q4 2015

Shares 585,338 Value ($000) $11,250 Avg Close $20.85 Range $18.97 - $23.12

Q3 2015

Shares 585,338 Value ($000) $11,596 Avg Close $21.40 Range $18.11 - $24.50

Q2 2015

Shares 585,338 Value ($000) $14,101 Avg Close $21.54 Range $19.09 - $24.70

Q1 2015

Shares 585,338 Value ($000) $11,379 Avg Close $19.02 Range $17.34 - $20.10

Q4 2014

Shares 585,338 Value ($000) $11,677 Avg Close $20.55 Range $19.27 - $22.20

Q3 2014

Shares 590,000 Value ($000) $11,830 Avg Close $20.69 Range $19.32 - $22.39

Q2 2014

Shares 590,000 Value ($000) $12,543 Avg Close $21.90 Range $19.72 - $25.08

Q1 2014

Shares 590,000 Value ($000) $14,036 Avg Close $23.77 Range $22.42 - $25.61

Q4 2013

Shares 788,435 Value ($000) $18,237 Avg Close $20.37 Range $17.09 - $24.05

Q3 2013

Shares 788,435 Value ($000) $14,586 Avg Close $16.82 Range $15.46 - $18.71

Q2 2013

Shares 788,435 Value ($000) $12,930 Avg Close $14.87 Range $12.59 - $16.94

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	585,338	$11,051	$16.88	$14.28 - $19.21
Q4 2015	585,338	$11,250	$20.85	$18.97 - $23.12
Q3 2015	585,338	$11,596	$21.40	$18.11 - $24.50
Q2 2015	585,338	$14,101	$21.54	$19.09 - $24.70
Q1 2015	585,338	$11,379	$19.02	$17.34 - $20.10
Q4 2014	585,338	$11,677	$20.55	$19.27 - $22.20
Q3 2014	590,000	$11,830	$20.69	$19.32 - $22.39
Q2 2014	590,000	$12,543	$21.90	$19.72 - $25.08
Q1 2014	590,000	$14,036	$23.77	$22.42 - $25.61
Q4 2013	788,435	$18,237	$20.37	$17.09 - $24.05
Q3 2013	788,435	$14,586	$16.82	$15.46 - $18.71
Q2 2013	788,435	$12,930	$14.87	$12.59 - $16.94