HORACE MANN EDUCATORS CORP N

Ticker: HMN CUSIP: 440327104 Class: Common Stock

KESTREL INVESTMENT MANAGEMENT CORP's Holding History (CIK: 0000917579)

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

Q1 2014

Shares 12,600 Value ($000) $365 Avg Close $28.89 Range $27.42 - $31.87

Q4 2013

Shares 641,350 Value ($000) $20,228 Avg Close $29.58 Range $27.25 - $31.81

Q3 2013

Shares 771,850 Value ($000) $21,905 Avg Close $27.34 Range $24.20 - $29.00

Q2 2013

Shares 785,250 Value ($000) $19,144 Avg Close $23.24 Range $20.70 - $25.59

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	12,600	$365	$28.89	$27.42 - $31.87
Q4 2013	641,350	$20,228	$29.58	$27.25 - $31.81
Q3 2013	771,850	$21,905	$27.34	$24.20 - $29.00
Q2 2013	785,250	$19,144	$23.24	$20.70 - $25.59