HOULIHAN LOKEY INC

Ticker: HLI CUSIP: 441593100 Class: Common Stock

Parallax Volatility Advisers, L.P.'s Holding History (CIK: 0001521001)

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

Q1 2020

Shares 6,029 Value ($000) $314 Avg Close $46.30 Range $38.44 - $52.93

Q4 2019

Shares 16,737 Value ($000) $818 Avg Close $41.89 Range $37.68 - $44.12

Q3 2018

Shares 68 Value ($000) $3 Avg Close $41.65 Range $38.56 - $45.65

Q2 2018

Shares 68 Value ($000) $3 Avg Close $40.89 Range $36.78 - $45.36

Q1 2018

Shares 68 Value ($000) $3 Avg Close $40.27 Range $36.88 - $44.87

Q4 2017

Shares 4,074 Value ($000) $185 Avg Close $36.25 Range $32.89 - $39.92

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	6,029	$314	$46.30	$38.44 - $52.93
Q4 2019	16,737	$818	$41.89	$37.68 - $44.12
Q3 2018	68	$3	$41.65	$38.56 - $45.65
Q2 2018	68	$3	$40.89	$36.78 - $45.36
Q1 2018	68	$3	$40.27	$36.88 - $44.87
Q4 2017	4,074	$185	$36.25	$32.89 - $39.92