SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Walleye Trading LLC's Holding History (CIK: 0001388391)

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

Q4 2018

Shares 4,118 Value ($000) $182 Avg Close $42.67 Range $34.74 - $51.41

Q3 2018

Shares 564 Value ($000) $22 Avg Close $35.63 Range $31.10 - $39.40

Q2 2018

Shares 2,073 Value ($000) $68 Avg Close $34.16 Range $29.93 - $39.65

Q4 2017

Shares 1,500 Value ($000) $51 Avg Close $36.81 Range $32.55 - $41.80

Q1 2016

Shares 300 Value ($000) $8 Avg Close $22.98 Range $19.18 - $27.53

Q4 2015

Shares 400 Value ($000) $17 Avg Close $23.10 Range $19.63 - $25.67

Q3 2015

Shares 1,700 Value ($000) $73 Avg Close $18.93 Range $15.68 - $22.10

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	4,118	$182	$42.67	$34.74 - $51.41
Q3 2018	564	$22	$35.63	$31.10 - $39.40
Q2 2018	2,073	$68	$34.16	$29.93 - $39.65
Q4 2017	1,500	$51	$36.81	$32.55 - $41.80
Q1 2016	300	$8	$22.98	$19.18 - $27.53
Q4 2015	400	$17	$23.10	$19.63 - $25.67
Q3 2015	1,700	$73	$18.93	$15.68 - $22.10