NAVIGATOR HOLDINGS LTD

Ticker: NVGS CUSIP: Y62132108 Class: SHS

DELPHI MANAGEMENT INC /MA/'s Holding History (CIK: 0000767684)

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

Q2 2016

Shares 111,984 Value ($000) $1,288 Avg Close $13.59 Range $9.97 - $16.30

Q1 2016

Shares 118,286 Value ($000) $1,910 Avg Close $14.10 Range $9.90 - $17.09

Q4 2015

Shares 121,018 Value ($000) $1,652 Avg Close $13.18 Range $11.24 - $15.54

Q3 2015

Shares 155,149 Value ($000) $2,071 Avg Close $16.02 Range $12.55 - $19.07

Q2 2015

Shares 166,702 Value ($000) $3,157 Avg Close $19.70 Range $17.60 - $21.58

Q1 2015

Shares 171,817 Value ($000) $3,282 Avg Close $17.45 Range $15.43 - $20.50

Q4 2014

Shares 136,085 Value ($000) $2,866 Avg Close $21.21 Range $14.51 - $26.79

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	111,984	$1,288	$13.59	$9.97 - $16.30
Q1 2016	118,286	$1,910	$14.10	$9.90 - $17.09
Q4 2015	121,018	$1,652	$13.18	$11.24 - $15.54
Q3 2015	155,149	$2,071	$16.02	$12.55 - $19.07
Q2 2015	166,702	$3,157	$19.70	$17.60 - $21.58
Q1 2015	171,817	$3,282	$17.45	$15.43 - $20.50
Q4 2014	136,085	$2,866	$21.21	$14.51 - $26.79