INVESTORS TITLE CO

Ticker: ITIC CUSIP: 461804106 Class: Common Stock

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.'s Holding History (CIK: 0001238990)

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

Q3 2015

Shares 14,498 Value ($000) $1,037 Avg Close $70.72 Range $67.25 - $72.50

Q2 2015

Shares 26,500 Value ($000) $1,879 Avg Close $72.56 Range $69.51 - $77.75

Q1 2015

Shares 26,500 Value ($000) $1,962 Avg Close $72.58 Range $66.55 - $81.75

Q4 2014

Shares 26,500 Value ($000) $1,932 Avg Close $72.12 Range $64.41 - $80.00

Q3 2014

Shares 26,500 Value ($000) $1,940 Avg Close $70.80 Range $66.61 - $82.08

Q2 2014

Shares 26,500 Value ($000) $1,786 Avg Close $69.39 Range $62.53 - $76.24

Q1 2014

Shares 14,600 Value ($000) $1,108 Avg Close $78.65 Range $73.18 - $82.22

Q4 2013

Shares 14,600 Value ($000) $1,182 Avg Close $78.30 Range $73.31 - $83.55

Q3 2013

Shares 12,900 Value ($000) $969 Avg Close $73.63 Range $67.97 - $77.62

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	14,498	$1,037	$70.72	$67.25 - $72.50
Q2 2015	26,500	$1,879	$72.56	$69.51 - $77.75
Q1 2015	26,500	$1,962	$72.58	$66.55 - $81.75
Q4 2014	26,500	$1,932	$72.12	$64.41 - $80.00
Q3 2014	26,500	$1,940	$70.80	$66.61 - $82.08
Q2 2014	26,500	$1,786	$69.39	$62.53 - $76.24
Q1 2014	14,600	$1,108	$78.65	$73.18 - $82.22
Q4 2013	14,600	$1,182	$78.30	$73.31 - $83.55
Q3 2013	12,900	$969	$73.63	$67.97 - $77.62