MARCHEX INC

Ticker: MCHX CUSIP: 56624R108 Class: CL B

PIPER SANDLER & CO.'s Holding History (CIK: 0000724683)

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

Q2 2015

Shares 35,000 Value ($000) $173 Avg Close $4.69 Range $3.85 - $5.32

Q1 2015

Shares 60,000 Value ($000) $245 Avg Close $4.22 Range $3.81 - $4.91

Q4 2014

Shares 50,000 Value ($000) $230 Avg Close $3.94 Range $3.15 - $5.29

Q2 2014

Shares 12,500 Value ($000) $150 Avg Close $10.53 Range $8.97 - $12.19

Q4 2013

Shares 42,500 Value ($000) $368 Avg Close $8.66 Range $7.08 - $10.00

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	35,000	$173	$4.69	$3.85 - $5.32
Q1 2015	60,000	$245	$4.22	$3.81 - $4.91
Q4 2014	50,000	$230	$3.94	$3.15 - $5.29
Q2 2014	12,500	$150	$10.53	$8.97 - $12.19
Q4 2013	42,500	$368	$8.66	$7.08 - $10.00