MERITAGE HOMES CORP

Ticker: MTH CUSIP: 59001A102 Class: EQTY

Covalent Partners LLC's Holding History (CIK: 0001531611)

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

Q3 2015

Shares 135,562 Value ($000) $4,951 Avg Close $21.51 Range $17.80 - $24.63

Q2 2015

Shares 441,200 Value ($000) $20,776 Avg Close $22.59 Range $20.70 - $24.95

Q1 2015

Shares 325,500 Value ($000) $15,832 Avg Close $20.21 Range $15.85 - $24.73

Q4 2014

Shares 278,000 Value ($000) $10,005 Avg Close $18.25 Range $16.20 - $20.54

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	135,562	$4,951	$21.51	$17.80 - $24.63
Q2 2015	441,200	$20,776	$22.59	$20.70 - $24.95
Q1 2015	325,500	$15,832	$20.21	$15.85 - $24.73
Q4 2014	278,000	$10,005	$18.25	$16.20 - $20.54