MUELLER WTR PRODS INC

Ticker: MWA CUSIP: 624758108 Class: COM SER A

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

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

Q1 2014

Shares 1,825,300 Value ($000) $17,340 Avg Close $7.69 Range $6.65 - $8.42

Q4 2013

Shares 2,258,000 Value ($000) $21,157 Avg Close $7.13 Range $6.21 - $7.90

Q3 2013

Shares 2,251,500 Value ($000) $17,989 Avg Close $6.43 Range $5.76 - $6.98

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	1,825,300	$17,340	$7.69	$6.65 - $8.42
Q4 2013	2,258,000	$21,157	$7.13	$6.21 - $7.90
Q3 2013	2,251,500	$17,989	$6.43	$5.76 - $6.98