WERNER ENTERPRISES INC

Ticker: WERN CUSIP: 950755108 Class: COM

Formidable Asset Management, LLC's Holding History (CIK: 0001592613)

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

Q1 2016

Shares 500 Value ($000) $12 Avg Close $25.36 Range $20.91 - $27.95

Q4 2015

Shares 500 Value ($000) $11 Avg Close $25.94 Range $22.45 - $28.29

Q3 2015

Shares 500 Value ($000) $12 Avg Close $27.31 Range $25.08 - $29.34

Q2 2015

Shares 500 Value ($000) $13 Avg Close $28.42 Range $25.78 - $31.70

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	500	$12	$25.36	$20.91 - $27.95
Q4 2015	500	$11	$25.94	$22.45 - $28.29
Q3 2015	500	$12	$27.31	$25.08 - $29.34
Q2 2015	500	$13	$28.42	$25.78 - $31.70