IPG PHOTONICS CORP

Ticker: IPGP CUSIP: 44980X109 Class: Common Stock

WHITEBOX ADVISORS LLC's Holding History (CIK: 0001257391)

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

Q4 2014

Shares 12,969 Value ($000) $972 Avg Close $71.14 Range $60.75 - $77.99

Q3 2014

Shares 27,273 Value ($000) $1,876 Avg Close $67.37 Range $61.48 - $73.29

Q2 2014

Shares 24,298 Value ($000) $1,672 Avg Close $67.40 Range $60.31 - $75.73

Q1 2014

Shares 5,000 Value ($000) $355 Avg Close $70.26 Range $63.53 - $77.57

Q3 2013

Shares 19,775 Value ($000) $1,114 Avg Close $58.50 Range $53.28 - $67.81

Q2 2013

Shares 18,500 Value ($000) $1,124 Avg Close $61.08 Range $54.32 - $67.24

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	12,969	$972	$71.14	$60.75 - $77.99
Q3 2014	27,273	$1,876	$67.37	$61.48 - $73.29
Q2 2014	24,298	$1,672	$67.40	$60.31 - $75.73
Q1 2014	5,000	$355	$70.26	$63.53 - $77.57
Q3 2013	19,775	$1,114	$58.50	$53.28 - $67.81
Q2 2013	18,500	$1,124	$61.08	$54.32 - $67.24