MICHAELS COMPANIES

CUSIP: 59408q106 Class: COM

Narwhal Capital Management's Holding History (CIK: 0001461287)

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

Q1 2015
Shares 56,359 Value ($000) $1,525 Avg Close — Range —
Q4 2014
Shares 55,884 Value ($000) $1,382 Avg Close — Range —
Q3 2014
Shares 57,484 Value ($000) $1,005 Avg Close — Range —