TOWNSQUARE MEDIA INC

Ticker: TSQ CUSIP: 892231101 Class: Common Stock

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

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

Q3 2018

Shares 12,700 Value ($000) $99 Avg Close $7.86 Range $6.35 - $9.79

Q2 2018

Shares 16,500 Value ($000) $107 Avg Close $7.05 Range $6.03 - $8.16

Q1 2018

Shares 22,000 Value ($000) $174 Avg Close $7.35 Range $6.28 - $8.45

Q4 2017

Shares 20,500 Value ($000) $157 Avg Close $8.76 Range $7.00 - $10.50

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	12,700	$99	$7.86	$6.35 - $9.79
Q2 2018	16,500	$107	$7.05	$6.03 - $8.16
Q1 2018	22,000	$174	$7.35	$6.28 - $8.45
Q4 2017	20,500	$157	$8.76	$7.00 - $10.50