UNIVERSAL INS HLDGS INC

Ticker: UVE CUSIP: 91359V107 Class: Common Stock

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

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

Q3 2016

Shares 17,552 Value ($000) $442 Avg Close $22.43 Range $17.93 - $25.71

Q2 2016

Shares 17,552 Value ($000) $326 Avg Close $18.07 Range $16.32 - $19.78

Q1 2016

Shares 17,552 Value ($000) $312 Avg Close $18.54 Range $15.86 - $22.84

Q4 2015

Shares 21,794 Value ($000) $505 Avg Close $27.52 Range $16.50 - $37.49

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	17,552	$442	$22.43	$17.93 - $25.71
Q2 2016	17,552	$326	$18.07	$16.32 - $19.78
Q1 2016	17,552	$312	$18.54	$15.86 - $22.84
Q4 2015	21,794	$505	$27.52	$16.50 - $37.49