NORWOOD FINANCIAL CORP

Ticker: NWFL CUSIP: 669549107 Class: Common Stock

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

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

Q3 2018

Shares 34,009 Value ($000) $1,332 Avg Close $37.47 Range $34.00 - $40.58

Q2 2018

Shares 34,011 Value ($000) $1,225 Avg Close $31.54 Range $28.92 - $38.55

Q1 2018

Shares 40,012 Value ($000) $1,204 Avg Close $30.80 Range $28.76 - $33.77

Q4 2017

Shares 40,011 Value ($000) $1,320 Avg Close $30.38 Range $27.65 - $35.72

Q3 2017

Shares 38,000 Value ($000) $1,160 Avg Close $28.81 Range $26.05 - $33.74

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	34,009	$1,332	$37.47	$34.00 - $40.58
Q2 2018	34,011	$1,225	$31.54	$28.92 - $38.55
Q1 2018	40,012	$1,204	$30.80	$28.76 - $33.77
Q4 2017	40,011	$1,320	$30.38	$27.65 - $35.72
Q3 2017	38,000	$1,160	$28.81	$26.05 - $33.74