NATIONAL BK HLDGS CORP

Ticker: NBHC CUSIP: 633707104 Class: Common Stock

Tiptree Advisors, LLC's Holding History (CIK: 0001455452)

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

Q4 2014

Shares 284,000 Value ($000) $5,512 Avg Close $15.33 Range $14.41 - $15.87

Q3 2014

Shares 284,000 Value ($000) $5,430 Avg Close $15.76 Range $15.03 - $16.58

Q2 2014

Shares 284,000 Value ($000) $5,663 Avg Close $15.51 Range $14.65 - $16.33

Q1 2014

Shares 284,000 Value ($000) $5,700 Avg Close $15.94 Range $14.82 - $16.96

Q4 2013

Shares 284,000 Value ($000) $6,078 Avg Close $16.38 Range $15.65 - $17.28

Q3 2013

Shares 284,000 Value ($000) $5,833 Avg Close $15.78 Range $14.58 - $16.85

Q2 2013

Shares 284,000 Value ($000) $5,595 Avg Close $14.46 Range $13.86 - $15.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	284,000	$5,512	$15.33	$14.41 - $15.87
Q3 2014	284,000	$5,430	$15.76	$15.03 - $16.58
Q2 2014	284,000	$5,663	$15.51	$14.65 - $16.33
Q1 2014	284,000	$5,700	$15.94	$14.82 - $16.96
Q4 2013	284,000	$6,078	$16.38	$15.65 - $17.28
Q3 2013	284,000	$5,833	$15.78	$14.58 - $16.85
Q2 2013	284,000	$5,595	$14.46	$13.86 - $15.57