SAFE BULKERS INC

Ticker: SB CUSIP: Y7388L103 Class: Common Stock

PRIVATE TRUST CO NA's Holding History (CIK: 0001277557)

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

Q3 2014

Shares 30 Value ($000) $0 Avg Close $8.06 Range $6.65 - $9.92

Q2 2014

Shares 30 Value ($000) $0 Avg Close $8.70 Range $7.76 - $10.18

Q1 2014

Shares 30 Value ($000) $0 Avg Close $9.93 Range $8.65 - $11.48

Q4 2013

Shares 30 Value ($000) $0 Avg Close $7.94 Range $6.21 - $10.95

Q3 2013

Shares 30 Value ($000) $0 Avg Close $5.88 Range $4.78 - $7.65

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	30	$0	$8.06	$6.65 - $9.92
Q2 2014	30	$0	$8.70	$7.76 - $10.18
Q1 2014	30	$0	$9.93	$8.65 - $11.48
Q4 2013	30	$0	$7.94	$6.21 - $10.95
Q3 2013	30	$0	$5.88	$4.78 - $7.65