SOUTHERN FIRST BANCSHARES

Ticker: SFST CUSIP: 842873101 Class: Common Stock

Ground Swell Capital, LLC's Holding History (CIK: 0001534450)

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

Q3 2014

Shares 298 Value ($000) $4 Avg Close $13.92 Range $13.50 - $14.25

Q2 2014

Shares 600 Value ($000) $8 Avg Close $13.53 Range $13.02 - $14.29

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	298	$4	$13.92	$13.50 - $14.25
Q2 2014	600	$8	$13.53	$13.02 - $14.29