TOLL BROTHERS INC

Ticker: TOL CUSIP: 889478103 Class: COM

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

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

Q3 2016

Shares 530,150 Value ($000) $15,830 Avg Close $28.89 Range $26.19 - $32.25

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	530,150	$15,830	$28.89	$26.19 - $32.25