PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

WESTWOOD HOLDINGS GROUP INC's Holding History (CIK: 0001165002)

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

Q3 2016

Shares 3,541,066 Value ($000) $64,306 Avg Close $18.35 Range $16.88 - $19.33

Q2 2016

Shares 3,602,253 Value ($000) $64,120 Avg Close $19.27 Range $16.28 - $21.81

Q1 2016

Shares 4,884,012 Value ($000) $105,202 Avg Close $19.00 Range $16.24 - $21.60

Q4 2015

Shares 5,354,227 Value ($000) $110,565 Avg Close $20.68 Range $19.12 - $21.76

Q3 2015

Shares 5,838,936 Value ($000) $115,903 Avg Close $20.52 Range $18.59 - $21.64

Q2 2015

Shares 5,875,747 Value ($000) $122,275 Avg Close $22.54 Range $20.79 - $23.93

Q1 2015

Shares 4,090,594 Value ($000) $95,393 Avg Close $23.28 Range $21.15 - $24.60

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	3,541,066	$64,306	$18.35	$16.88 - $19.33
Q2 2016	3,602,253	$64,120	$19.27	$16.28 - $21.81
Q1 2016	4,884,012	$105,202	$19.00	$16.24 - $21.60
Q4 2015	5,354,227	$110,565	$20.68	$19.12 - $21.76
Q3 2015	5,838,936	$115,903	$20.52	$18.59 - $21.64
Q2 2015	5,875,747	$122,275	$22.54	$20.79 - $23.93
Q1 2015	4,090,594	$95,393	$23.28	$21.15 - $24.60