RYLAND GROUP INC

CUSIP: 783764AS2 Class: NOTE 0.250% 6/0

Nicholas Investment Partners, LP's Holding History (CIK: 0001389574)

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

Q1 2015
Shares 3,000,000 Value ($000) $2,921 Avg Close — Range —
Q4 2014
Shares 3,000,000 Value ($000) $2,777 Avg Close — Range —