SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

MASSACHUSETTS FINANCIAL SERVICES CO /MA/'s Holding History (CIK: 0000912938)

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

Q3 2019

Shares 53,666 Value ($000) $1,705 Avg Close $35.06 Range $30.70 - $41.63

Q2 2019

Shares 54,240 Value ($000) $2,089 Avg Close $41.46 Range $36.40 - $45.27

Q1 2019

Shares 46,683 Value ($000) $2,071 Avg Close $46.93 Range $43.28 - $51.18

Q4 2018

Shares 44,957 Value ($000) $1,990 Avg Close $42.67 Range $34.74 - $51.41

Q3 2018

Shares 41,459 Value ($000) $1,606 Avg Close $35.63 Range $31.10 - $39.40

Q2 2016

Shares 25,795 Value ($000) $1,008 Avg Close $30.94 Range $25.69 - $39.11

Q1 2016

Shares 27,395 Value ($000) $733 Avg Close $22.98 Range $19.18 - $27.53

Q4 2015

Shares 14,231 Value ($000) $613 Avg Close $23.10 Range $19.63 - $25.67

Q3 2015

Shares 14,357 Value ($000) $615 Avg Close $18.93 Range $15.68 - $22.10

Q2 2015

Shares 23,001 Value ($000) $787,324 Avg Close $16.60 Range $15.04 - $18.79

Q1 2015

Shares 23,412 Value ($000) $729,518 Avg Close $15.28 Range $13.76 - $16.84

Q4 2014

Shares 25,099 Value ($000) $784,344 Avg Close $14.14 Range $11.84 - $16.00

Q3 2014

Shares 26,268 Value ($000) $652 Avg Close $14.04 Range $12.36 - $15.55

Q2 2014

Shares 15,861 Value ($000) $483 Avg Close $14.24 Range $12.61 - $16.38

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2019	53,666	$1,705	$35.06	$30.70 - $41.63
Q2 2019	54,240	$2,089	$41.46	$36.40 - $45.27
Q1 2019	46,683	$2,071	$46.93	$43.28 - $51.18
Q4 2018	44,957	$1,990	$42.67	$34.74 - $51.41
Q3 2018	41,459	$1,606	$35.63	$31.10 - $39.40
Q2 2016	25,795	$1,008	$30.94	$25.69 - $39.11
Q1 2016	27,395	$733	$22.98	$19.18 - $27.53
Q4 2015	14,231	$613	$23.10	$19.63 - $25.67
Q3 2015	14,357	$615	$18.93	$15.68 - $22.10
Q2 2015	23,001	$787,324	$16.60	$15.04 - $18.79
Q1 2015	23,412	$729,518	$15.28	$13.76 - $16.84
Q4 2014	25,099	$784,344	$14.14	$11.84 - $16.00
Q3 2014	26,268	$652	$14.04	$12.36 - $15.55
Q2 2014	15,861	$483	$14.24	$12.61 - $16.38