IPG PHOTONICS CORP

Ticker: IPGP CUSIP: 44980X109 Class: Common Stock

CARLSON CAPITAL L P's Holding History (CIK: 0001056973)

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

Q4 2017

Shares 26,810 Value ($000) $5,741 Avg Close $212.25 Range $185.00 - $248.23

Q3 2017

Shares 43,432 Value ($000) $8,038 Avg Close $166.10 Range $144.71 - $187.98

Q2 2017

Shares 133,840 Value ($000) $19,420 Avg Close $134.25 Range $116.82 - $149.29

Q1 2017

Shares 120,840 Value ($000) $14,585 Avg Close $113.15 Range $95.04 - $124.27

Q4 2016

Shares 177,590 Value ($000) $17,530 Avg Close $93.27 Range $81.00 - $102.46

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	26,810	$5,741	$212.25	$185.00 - $248.23
Q3 2017	43,432	$8,038	$166.10	$144.71 - $187.98
Q2 2017	133,840	$19,420	$134.25	$116.82 - $149.29
Q1 2017	120,840	$14,585	$113.15	$95.04 - $124.27
Q4 2016	177,590	$17,530	$93.27	$81.00 - $102.46