PANERA BREAD CO

CUSIP: 69840W108 Class: CL A

Ranger Investment Management, L.P.'s Holding History (CIK: 0001319691)

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

Q1 2014
Shares 7,903 Value ($000) $1,395 Avg Close — Range —
Q4 2013
Shares 8,265 Value ($000) $1,460 Avg Close — Range —
Q3 2013
Shares 15,334 Value ($000) $2,431 Avg Close — Range —
Q2 2013
Shares 21,569 Value ($000) $4,011 Avg Close — Range —