SALLY BEAUTY HLDGS INC

Ticker: SBH CUSIP: 79546E104 Class: Common Stock

Vulcan Value Partners, LLC's Holding History (CIK: 0001556785)

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

Q1 2017

Shares 2,260,283 Value ($000) $46,200 Avg Close $22.89 Range $19.77 - $26.98

Q4 2016

Shares 2,341,677 Value ($000) $61,867 Avg Close $26.38 Range $23.72 - $30.17

Q3 2016

Shares 1,255,278 Value ($000) $32,236 Avg Close $28.01 Range $25.58 - $30.73

Q2 2016

Shares 1,246,957 Value ($000) $36,673 Avg Close $29.90 Range $27.48 - $32.75

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	2,260,283	$46,200	$22.89	$19.77 - $26.98
Q4 2016	2,341,677	$61,867	$26.38	$23.72 - $30.17
Q3 2016	1,255,278	$32,236	$28.01	$25.58 - $30.73
Q2 2016	1,246,957	$36,673	$29.90	$27.48 - $32.75