UNIVEST FINANCIAL CORPORATIO

Ticker: UVSP CUSIP: 915271100 Class: Common Stock

KESTREL INVESTMENT MANAGEMENT CORP's Holding History (CIK: 0000917579)

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

Q1 2015

Shares 35,000 Value ($000) $693 Avg Close $19.25 Range $18.31 - $20.61

Q4 2014

Shares 235,000 Value ($000) $4,756 Avg Close $19.83 Range $18.50 - $20.70

Q3 2014

Shares 241,850 Value ($000) $4,535 Avg Close $19.45 Range $18.28 - $21.54

Q2 2014

Shares 253,900 Value ($000) $5,256 Avg Close $19.97 Range $18.95 - $21.37

Q1 2014

Shares 262,500 Value ($000) $5,387 Avg Close $19.43 Range $17.67 - $21.04

Q4 2013

Shares 104,400 Value ($000) $2,159 Avg Close $19.93 Range $18.41 - $21.48

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	35,000	$693	$19.25	$18.31 - $20.61
Q4 2014	235,000	$4,756	$19.83	$18.50 - $20.70
Q3 2014	241,850	$4,535	$19.45	$18.28 - $21.54
Q2 2014	253,900	$5,256	$19.97	$18.95 - $21.37
Q1 2014	262,500	$5,387	$19.43	$17.67 - $21.04
Q4 2013	104,400	$2,159	$19.93	$18.41 - $21.48