MAGIC SOFTWARE ENTERPRISES L

Ticker: MGIC CUSIP: 559166103 Class: Foreign Stock

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

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

Q4 2014

Shares 44,647 Value ($000) $266 Avg Close $4.88 Range $4.26 - $5.22

Q3 2014

Shares 62,503 Value ($000) $433 Avg Close $5.16 Range $4.57 - $5.64

Q2 2014

Shares 62,487 Value ($000) $468 Avg Close $5.69 Range $5.05 - $6.25

Q1 2014

Shares 62,487 Value ($000) $504 Avg Close $5.84 Range $4.94 - $7.02

Q4 2013

Shares 62,486 Value ($000) $448 Avg Close $4.66 Range $4.23 - $5.07

Q3 2013

Shares 58,994 Value ($000) $406 Avg Close $4.41 Range $3.71 - $4.92

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	44,647	$266	$4.88	$4.26 - $5.22
Q3 2014	62,503	$433	$5.16	$4.57 - $5.64
Q2 2014	62,487	$468	$5.69	$5.05 - $6.25
Q1 2014	62,487	$504	$5.84	$4.94 - $7.02
Q4 2013	62,486	$448	$4.66	$4.23 - $5.07
Q3 2013	58,994	$406	$4.41	$3.71 - $4.92