MERITAGE HOMES CORP

Ticker: MTH CUSIP: 59001A102 Class: EQTY

DELPHI MANAGEMENT INC /MA/'s Holding History (CIK: 0000767684)

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

Q3 2015

Shares 120,115 Value ($000) $4,387 Avg Close $21.51 Range $17.80 - $24.63

Q2 2015

Shares 124,695 Value ($000) $5,872 Avg Close $22.59 Range $20.70 - $24.95

Q1 2015

Shares 147,195 Value ($000) $7,160 Avg Close $20.21 Range $15.85 - $24.73

Q4 2014

Shares 147,195 Value ($000) $5,298 Avg Close $18.25 Range $16.20 - $20.54

Q3 2014

Shares 193,792 Value ($000) $6,880 Avg Close $20.06 Range $17.71 - $21.63

Q2 2014

Shares 199,577 Value ($000) $8,424 Avg Close $20.26 Range $18.59 - $22.52

Q1 2014

Shares 251,652 Value ($000) $10,539 Avg Close $22.78 Range $19.93 - $25.14

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	120,115	$4,387	$21.51	$17.80 - $24.63
Q2 2015	124,695	$5,872	$22.59	$20.70 - $24.95
Q1 2015	147,195	$7,160	$20.21	$15.85 - $24.73
Q4 2014	147,195	$5,298	$18.25	$16.20 - $20.54
Q3 2014	193,792	$6,880	$20.06	$17.71 - $21.63
Q2 2014	199,577	$8,424	$20.26	$18.59 - $22.52
Q1 2014	251,652	$10,539	$22.78	$19.93 - $25.14