NATIONAL BK HLDGS CORP

Ticker: NBHC CUSIP: 633707104 Class: Common Stock

OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AM's Holding History (CIK: 0001132716)

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

Q2 2014

Shares 61,970 Value ($000) $1,236,000 Avg Close $15.51 Range $14.65 - $16.33

Q1 2014

Shares 156,400 Value ($000) $3,139,000 Avg Close $15.94 Range $14.82 - $16.96

Q4 2013

Shares 150,000 Value ($000) $3,210,000 Avg Close $16.38 Range $15.65 - $17.28

Q3 2013

Shares 332,694 Value ($000) $6,834,000 Avg Close $15.78 Range $14.58 - $16.85

Q2 2013

Shares 572,672 Value ($000) $11,282,000 Avg Close $14.46 Range $13.86 - $15.57

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	61,970	$1,236,000	$15.51	$14.65 - $16.33
Q1 2014	156,400	$3,139,000	$15.94	$14.82 - $16.96
Q4 2013	150,000	$3,210,000	$16.38	$15.65 - $17.28
Q3 2013	332,694	$6,834,000	$15.78	$14.58 - $16.85
Q2 2013	572,672	$11,282,000	$14.46	$13.86 - $15.57