NORTHERN TR CORP

Ticker: NTRS CUSIP: 665859104 Class: COM

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

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

Q4 2016

Shares 54,600 Value ($000) $4,862 Avg Close $61.69 Range $52.36 - $70.81

Q2 2015

Shares 89,870 Value ($000) $6,871 Avg Close $56.07 Range $51.74 - $59.54

Q2 2014

Shares 233,200 Value ($000) $14,974 Avg Close $45.46 Range $42.93 - $48.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	54,600	$4,862	$61.69	$52.36 - $70.81
Q2 2015	89,870	$6,871	$56.07	$51.74 - $59.54
Q2 2014	233,200	$14,974	$45.46	$42.93 - $48.59