NATURAL GROCERS BY VITAMIN C

Ticker: NGVC CUSIP: 63888U108 Class: Common Stock

GAM Holding AG's Holding History (CIK: 0001438848)

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

Q4 2015

Shares 34,400 Value ($000) $701 Avg Close $15.86 Range $13.94 - $18.48

Q3 2015

Shares 34,400 Value ($000) $781 Avg Close $17.16 Range $14.17 - $20.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	34,400	$701	$15.86	$13.94 - $18.48
Q3 2015	34,400	$781	$17.16	$14.17 - $20.49