IPG PHOTONICS CORP

Ticker: IPGP CUSIP: 44980X109 Class: Common Stock

BFSG, LLC's Holding History (CIK: 0001706836)

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

Q1 2018

Shares 1,497 Value ($000) $349 Avg Close $246.76 Range $213.58 - $264.11

Q4 2017

Shares 1,573 Value ($000) $337 Avg Close $212.25 Range $185.00 - $248.23

Q3 2017

Shares 1,384 Value ($000) $256 Avg Close $166.10 Range $144.71 - $187.98

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	1,497	$349	$246.76	$213.58 - $264.11
Q4 2017	1,573	$337	$212.25	$185.00 - $248.23
Q3 2017	1,384	$256	$166.10	$144.71 - $187.98