TRANSACT TECHNOLOGIES INC

Ticker: TACT CUSIP: 892918103 Class: COM

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

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

Q2 2014

Shares 202,730 Value ($000) $2,100 Avg Close $10.53 Range $9.12 - $11.50

Q1 2014

Shares 187,991 Value ($000) $2,160 Avg Close $11.68 Range $9.80 - $12.99

Q4 2013

Shares 130,883 Value ($000) $1,555 Avg Close $13.05 Range $11.54 - $15.23

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	202,730	$2,100	$10.53	$9.12 - $11.50
Q1 2014	187,991	$2,160	$11.68	$9.80 - $12.99
Q4 2013	130,883	$1,555	$13.05	$11.54 - $15.23