SAFE BULKERS INC

Ticker: SB CUSIP: Y7388L103 Class: Common Stock

Aperio Group, LLC's Holding History (CIK: 0001364615)

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

Q4 2014
Shares 27,233 Value ($000) $106 Avg Close $5.02 Range $3.77 - $6.77