SALLY BEAUTY HLDGS INC

Ticker: SBH CUSIP: 79546E104 Class: Common Stock

Night Owl Capital Management, LLC's Holding History (CIK: 0001410833)

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

Q4 2015
Shares 115,052 Value ($000) $3,209 Avg Close $25.10 Range $21.94 - $28.70
Q3 2015
Shares 233,025 Value ($000) $5,534 Avg Close $27.67 Range $23.39 - $32.41
Q2 2015
Shares 237,054 Value ($000) $7,486 Avg Close $31.74 Range $29.75 - $34.72
Q1 2015
Shares 235,704 Value ($000) $8,101 Avg Close $32.30 Range $28.61 - $35.27
Q4 2014
Shares 239,647 Value ($000) $7,367 Avg Close $29.71 Range $27.05 - $31.77
Q3 2014
Shares 412,493 Value ($000) $11,290 Avg Close $26.51 Range $24.09 - $28.29
Q2 2014
Shares 414,736 Value ($000) $10,402 Avg Close $25.82 Range $24.15 - $27.92
Q1 2014
Shares 408,575 Value ($000) $11,195 Avg Close $28.50 Range $26.96 - $31.83
Q4 2013
Shares 405,776 Value ($000) $12,267 Avg Close $27.38 Range $25.27 - $30.46
Q3 2013
Shares 394,604 Value ($000) $10,323 Avg Close $28.03 Range $25.25 - $31.86
Q2 2013
Shares 313,995 Value ($000) $9,765 Avg Close $30.22 Range $28.27 - $31.62