Nine Chapters Capital Management’s Banc of California BANC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-19,100	Closed	-$234K	–	57
2015 Q3	$234K	Sell	19,100 -50,186	-72%	-$615K	0.02%	785
2015 Q2	$953K	Buy	+69,286	New	+$953K	0.08%	350
2014 Q4	–	Sell	-39,800	Closed	-$463K	–	946
2014 Q3	$463K	Buy	+39,800	New	+$463K	0.04%	542