SILVERCREST ASSET MGMT GROUP

Ticker: SAMG CUSIP: 828359109 Class: Common Stock

Penn Capital Management Company, LLC's Holding History (CIK: 0001158202)

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

Q1 2014

Shares 67,884 Value ($000) $1,242 Avg Close $16.78 Range $14.51 - $18.97

Q4 2013

Shares 121,977 Value ($000) $2,080 Avg Close $15.11 Range $13.35 - $18.00

Q3 2013

Shares 164,497 Value ($000) $2,242 Avg Close $13.19 Range $11.25 - $15.52

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	67,884	$1,242	$16.78	$14.51 - $18.97
Q4 2013	121,977	$2,080	$15.11	$13.35 - $18.00
Q3 2013	164,497	$2,242	$13.19	$11.25 - $15.52