RYLAND GROUP INC

CUSIP: 783764103 Class: COM

DELPHI MANAGEMENT INC /MA/'s Holding History (CIK: 0000767684)

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

Q3 2015
Shares 193,850 Value ($000) $7,915 Avg Close — Range —
Q2 2015
Shares 176,026 Value ($000) $8,162 Avg Close — Range —
Q1 2015
Shares 14,450 Value ($000) $704 Avg Close — Range —