NATURAL GROCERS BY VITAMIN C

Ticker: NGVC CUSIP: 63888U108 Class: Common Stock

Granite Investment Partners, LLC's Holding History (CIK: 0001542266)

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

Q1 2017

Shares 287,361 Value ($000) $2,985 Avg Close $8.53 Range $7.15 - $9.86

Q4 2016

Shares 144,039 Value ($000) $1,713 Avg Close $8.48 Range $7.48 - $9.81

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	287,361	$2,985	$8.53	$7.15 - $9.86
Q4 2016	144,039	$1,713	$8.48	$7.48 - $9.81