STAG INDL INC

Ticker: STAG CUSIP: 85254J102 Class: COM

DENALI ADVISORS LLC's Holding History (CIK: 0001142941)

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

Q4 2015

Shares 40,800 Value ($000) $753 Avg Close — Range —

Q3 2015

Shares 40,900 Value ($000) $745 Avg Close — Range —

Q2 2015

Shares 80,000 Value ($000) $1,600 Avg Close — Range —

Q1 2015

Shares 80,000 Value ($000) $1,882 Avg Close — Range —

Q4 2014

Shares 43,500 Value ($000) $1,066 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	40,800	$753	—	—
Q3 2015	40,900	$745	—	—
Q2 2015	80,000	$1,600	—	—
Q1 2015	80,000	$1,882	—	—
Q4 2014	43,500	$1,066	—	—