TEL INSTR ELECTRS CORP

Ticker: TIKK CUSIP: 879165207 Class: COM

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q4 2016

Shares 24,852 Value ($000) $109 Avg Close $3.99 Range $3.30 - $5.19

Q3 2016

Shares 103,106 Value ($000) $402 Avg Close $4.07 Range $3.32 - $4.55

Q2 2016

Shares 123,800 Value ($000) $540 Avg Close $4.25 Range $4.03 - $4.87

Q1 2016

Shares 119,800 Value ($000) $516 Avg Close $4.11 Range $3.50 - $4.80

Q4 2015

Shares 77,800 Value ($000) $377 Avg Close $5.09 Range $4.38 - $6.42

Q3 2015

Shares 12,000 Value ($000) $56 Avg Close $4.79 Range $3.82 - $5.30

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	24,852	$109	$3.99	$3.30 - $5.19
Q3 2016	103,106	$402	$4.07	$3.32 - $4.55
Q2 2016	123,800	$540	$4.25	$4.03 - $4.87
Q1 2016	119,800	$516	$4.11	$3.50 - $4.80
Q4 2015	77,800	$377	$5.09	$4.38 - $6.42
Q3 2015	12,000	$56	$4.79	$3.82 - $5.30