SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

WBI INVESTMENTS, INC.'s Holding History (CIK: 0001397424)

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

Q1 2016

Shares 30,185 Value ($000) $807 Avg Close $22.98 Range $19.18 - $27.53

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	30,185	$807	$22.98	$19.18 - $27.53