HOULIHAN LOKEY INC

Ticker: HLI CUSIP: 441593100 Class: Common Stock

Empirical Finance, LLC's Holding History (CIK: 0001572838)

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

Q4 2016

Shares 492 Value ($000) $16 Avg Close $22.45 Range $19.15 - $26.37

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	492	$16	$22.45	$19.15 - $26.37