HORACE MANN EDUCATORS CORP N

Ticker: HMN CUSIP: 440327104 Class: Common Stock

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2016

Shares 12,300 Value ($000) $526 Avg Close $39.00 Range $33.30 - $43.65

Q3 2016

Shares 26,000 Value ($000) $953 Avg Close $35.40 Range $33.12 - $38.00

Q2 2016

Shares 31,200 Value ($000) $1,054 Avg Close $32.52 Range $30.25 - $34.57

Q1 2016

Shares 31,200 Value ($000) $989 Avg Close $30.67 Range $27.15 - $32.64

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	12,300	$526	$39.00	$33.30 - $43.65
Q3 2016	26,000	$953	$35.40	$33.12 - $38.00
Q2 2016	31,200	$1,054	$32.52	$30.25 - $34.57
Q1 2016	31,200	$989	$30.67	$27.15 - $32.64