SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Parallax Volatility Advisers, L.P.'s Holding History (CIK: 0001521001)

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

Q1 2018

Shares 170 Value ($000) $6 Avg Close $33.27 Range $30.00 - $38.60

Q4 2017

Shares 7,098 Value ($000) $240 Avg Close $36.81 Range $32.55 - $41.80

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	170	$6	$33.27	$30.00 - $38.60
Q4 2017	7,098	$240	$36.81	$32.55 - $41.80