FERRARI N V

Ticker: RACE CUSIP: N3167Y103 Class: COM

Baker Ellis Asset Management LLC's Holding History (CIK: 0001365559)

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

Q4 2016

Shares 6,615 Value ($000) $385 Avg Close $54.54 Range $50.39 - $58.86

Q3 2016

Shares 6,765 Value ($000) $351 Avg Close $46.58 Range $38.80 - $52.18

Q2 2016

Shares 7,340 Value ($000) $300 Avg Close $42.47 Range $38.71 - $46.55

Q1 2016

Shares 7,400 Value ($000) $309 Avg Close $40.37 Range $31.66 - $48.73

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	6,615	$385	$54.54	$50.39 - $58.86
Q3 2016	6,765	$351	$46.58	$38.80 - $52.18
Q2 2016	7,340	$300	$42.47	$38.71 - $46.55
Q1 2016	7,400	$309	$40.37	$31.66 - $48.73