INSTALLED BLDG PRODS INC

Ticker: IBP CUSIP: 45780R101 Class: EQTY

GRATIA CAPITAL, LLC's Holding History (CIK: 0001599793)

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

Q4 2014

Shares 235,555 Value ($000) $4,198 Avg Close $14.83 Range $12.69 - $17.41

Q3 2014

Shares 360,464 Value ($000) $5,065 Avg Close $11.81 Range $9.97 - $13.48

Q2 2014

Shares 360,464 Value ($000) $4,416 Avg Close $12.27 Range $10.83 - $13.56

Q1 2014

Shares 207,232 Value ($000) $2,891 Avg Close $12.72 Range $11.09 - $14.26

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	235,555	$4,198	$14.83	$12.69 - $17.41
Q3 2014	360,464	$5,065	$11.81	$9.97 - $13.48
Q2 2014	360,464	$4,416	$12.27	$10.83 - $13.56
Q1 2014	207,232	$2,891	$12.72	$11.09 - $14.26