PANERA BREAD CO

CUSIP: 69840W108 Class: CL A

ARCADIA INVESTMENT MANAGEMENT CORP/MI's Holding History (CIK: 0001016972)

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

Q2 2017
Shares 180 Value ($000) $57 Avg Close — Range —
Q1 2017
Shares 100 Value ($000) $26 Avg Close — Range —
Q4 2016
Shares 100 Value ($000) $21 Avg Close — Range —
Q3 2016
Shares 100 Value ($000) $19 Avg Close — Range —
Q2 2016
Shares 100 Value ($000) $21 Avg Close — Range —
Q1 2016
Shares 100 Value ($000) $20 Avg Close — Range —
Q4 2015
Shares 100 Value ($000) $19 Avg Close — Range —
Q3 2015
Shares 100 Value ($000) $19 Avg Close — Range —
Q2 2015
Shares 100 Value ($000) $17 Avg Close — Range —