PANERA BREAD CO

CUSIP: 69840W108 Class: CL A

HUSSMAN STRATEGIC ADVISORS, INC.'s Holding History (CIK: 0001179475)

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

Q4 2016
Shares 10,000 Value ($000) $2,051 Avg Close — Range —
Q3 2016
Shares 45,000 Value ($000) $8,762 Avg Close — Range —
Q2 2016
Shares 60,000 Value ($000) $12,716 Avg Close — Range —
Q1 2016
Shares 65,000 Value ($000) $13,314 Avg Close — Range —
Q4 2015
Shares 30,000 Value ($000) $5,843 Avg Close — Range —
Q3 2015
Shares 50,000 Value ($000) $9,671 Avg Close — Range —
Q2 2015
Shares 50,000 Value ($000) $8,738 Avg Close — Range —
Q1 2015
Shares 25,000 Value ($000) $4,000 Avg Close — Range —
Q4 2014
Shares 25,000 Value ($000) $4,370 Avg Close — Range —
Q3 2014
Shares 25,000 Value ($000) $4,068 Avg Close — Range —
Q2 2014
Shares 50,000 Value ($000) $7,491 Avg Close — Range —
Q1 2014
Shares 110,000 Value ($000) $19,412 Avg Close — Range —
Q4 2013
Shares 120,000 Value ($000) $21,203 Avg Close — Range —
Q3 2013
Shares 135,000 Value ($000) $21,402 Avg Close — Range —
Q2 2013
Shares 100,000 Value ($000) $18,594 Avg Close — Range —