MICROSTRATEGY INC

Ticker: MSTR CUSIP: 594972408 Class: EQTY

EMERALD ADVISERS, LLC's Holding History (CIK: 0001015083)

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

Q2 2017

Shares 173,230 Value ($000) $33,203 Avg Close $18.57 Range $17.75 - $19.46

Q1 2017

Shares 182,053 Value ($000) $34,190 Avg Close $19.38 Range $18.22 - $20.60

Q4 2016

Shares 183,473 Value ($000) $36,218 Avg Close $18.91 Range $16.27 - $20.73

Q3 2016

Shares 155,295 Value ($000) $26,003 Avg Close $17.21 Range $16.19 - $19.18

Q2 2016

Shares 170,936 Value ($000) $29,917 Avg Close $18.41 Range $16.50 - $19.60

Q1 2016

Shares 164,101 Value ($000) $29,492 Avg Close $16.19 Range $14.10 - $18.23

Q4 2015

Shares 184,883 Value ($000) $33,148 Avg Close $18.18 Range $16.42 - $20.98

Q3 2015

Shares 132,701 Value ($000) $26,072 Avg Close $19.82 Range $16.86 - $22.65

Q2 2015

Shares 126,916 Value ($000) $21,586 Avg Close $17.60 Range $16.59 - $19.79

Q1 2015

Shares 119,533 Value ($000) $20,285 Avg Close $16.88 Range $15.00 - $18.26

Q4 2014

Shares 90,313 Value ($000) $14,667 Avg Close $15.80 Range $12.75 - $17.70

Q3 2014

Shares 32,770 Value ($000) $4,288 Avg Close $13.91 Range $12.95 - $15.59

Q2 2014

Shares 120 Value ($000) $17 Avg Close $12.76 Range $9.88 - $14.61

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	173,230	$33,203	$18.57	$17.75 - $19.46
Q1 2017	182,053	$34,190	$19.38	$18.22 - $20.60
Q4 2016	183,473	$36,218	$18.91	$16.27 - $20.73
Q3 2016	155,295	$26,003	$17.21	$16.19 - $19.18
Q2 2016	170,936	$29,917	$18.41	$16.50 - $19.60
Q1 2016	164,101	$29,492	$16.19	$14.10 - $18.23
Q4 2015	184,883	$33,148	$18.18	$16.42 - $20.98
Q3 2015	132,701	$26,072	$19.82	$16.86 - $22.65
Q2 2015	126,916	$21,586	$17.60	$16.59 - $19.79
Q1 2015	119,533	$20,285	$16.88	$15.00 - $18.26
Q4 2014	90,313	$14,667	$15.80	$12.75 - $17.70
Q3 2014	32,770	$4,288	$13.91	$12.95 - $15.59
Q2 2014	120	$17	$12.76	$9.88 - $14.61