MEDLEY MGMT INC

CUSIP: 58503T106 Class: CL A COM

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

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

Q4 2014
Shares 381,730 Value ($000) $5,611 Avg Close — Range —
Q3 2014
Shares 763,919 Value ($000) $12,887 Avg Close — Range —