ULTA BEAUTY INC

Ticker: ULTA CUSIP: 90384S303 Class: COM

Penn Capital Management Company, LLC's Holding History (CIK: 0001158202)

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

Q1 2015

Shares 25,968 Value ($000) $3,917 Avg Close $138.42 Range $124.70 - $156.00

Q4 2014

Shares 35,499 Value ($000) $4,538 Avg Close $122.58 Range $106.87 - $134.50

Q3 2014

Shares 53,738 Value ($000) $6,350 Avg Close $99.40 Range $88.14 - $121.43

Q2 2014

Shares 60,501 Value ($000) $5,530 Avg Close $90.01 Range $83.54 - $100.78

Q1 2014

Shares 53,034 Value ($000) $5,169 Avg Close $90.08 Range $80.35 - $106.83

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	25,968	$3,917	$138.42	$124.70 - $156.00
Q4 2014	35,499	$4,538	$122.58	$106.87 - $134.50
Q3 2014	53,738	$6,350	$99.40	$88.14 - $121.43
Q2 2014	60,501	$5,530	$90.01	$83.54 - $100.78
Q1 2014	53,034	$5,169	$90.08	$80.35 - $106.83