MARCUS & MILLICHAP INC

Ticker: MMI CUSIP: 566324109 Class: Common Stock

Cypress Capital Management LLC (WY)'s Holding History (CIK: 0001633896)

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

Q1 2016

Shares 710 Value ($000) $0 Avg Close $21.69 Range $17.38 - $26.24

Q4 2015

Shares 185 Value ($000) $5,391 Avg Close $34.48 Range $26.27 - $46.26

Q3 2015

Shares 185 Value ($000) $8,508 Avg Close $43.37 Range $37.58 - $49.92

Q2 2015

Shares 60 Value ($000) $2,768 Avg Close $39.49 Range $32.49 - $46.18

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	710	$0	$21.69	$17.38 - $26.24
Q4 2015	185	$5,391	$34.48	$26.27 - $46.26
Q3 2015	185	$8,508	$43.37	$37.58 - $49.92
Q2 2015	60	$2,768	$39.49	$32.49 - $46.18