PIPER SANDLER COMPANIES

Ticker: PIPR CUSIP: 724078100 Class: EQTY

PARADIGM ASSET MANAGEMENT CO LLC's Holding History (CIK: 0001034549)

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

Q2 2014

Shares 2,300 Value ($000) $119,071 Avg Close $45.02 Range $39.40 - $52.00

Q1 2014

Shares 1,850 Value ($000) $84,730 Avg Close $40.68 Range $36.86 - $45.94

Q4 2013

Shares 1,850 Value ($000) $73,168 Avg Close $36.47 Range $31.76 - $39.75

Q3 2013

Shares 1,850 Value ($000) $63,437 Avg Close $33.69 Range $29.48 - $36.31

Q2 2013

Shares 1,750 Value ($000) $55,317 Avg Close $33.63 Range $30.44 - $36.59

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	2,300	$119,071	$45.02	$39.40 - $52.00
Q1 2014	1,850	$84,730	$40.68	$36.86 - $45.94
Q4 2013	1,850	$73,168	$36.47	$31.76 - $39.75
Q3 2013	1,850	$63,437	$33.69	$29.48 - $36.31
Q2 2013	1,750	$55,317	$33.63	$30.44 - $36.59