REPUBLIC FIRST BANCORP INC

Ticker: FRBKQ CUSIP: 760416107 Class: Common Stock

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

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

Q1 2018

Shares 747,663 Value ($000) $6,505 Avg Close $8.65 Range $8.05 - $9.30

Q4 2017

Shares 747,663 Value ($000) $6,318 Avg Close $9.16 Range $8.40 - $9.75

Q3 2017

Shares 747,663 Value ($000) $6,916 Avg Close $8.91 Range $8.13 - $9.80

Q2 2017

Shares 747,663 Value ($000) $6,916 Avg Close $8.90 Range $7.90 - $9.90

Q1 2017

Shares 747,663 Value ($000) $6,206 Avg Close $7.92 Range $7.40 - $8.55

Q4 2016

Shares 747,663 Value ($000) $6,243 Avg Close $5.53 Range $3.70 - $9.15

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	747,663	$6,505	$8.65	$8.05 - $9.30
Q4 2017	747,663	$6,318	$9.16	$8.40 - $9.75
Q3 2017	747,663	$6,916	$8.91	$8.13 - $9.80
Q2 2017	747,663	$6,916	$8.90	$7.90 - $9.90
Q1 2017	747,663	$6,206	$7.92	$7.40 - $8.55
Q4 2016	747,663	$6,243	$5.53	$3.70 - $9.15