Penn Capital Management’s Callidus Software, Inc. CALD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-186,473	Closed	-$4.51M	–	294
2017 Q2	$4.51M	Sell	186,473 -246,565	-57%	-$5.34M	0.34%	93
2017 Q1	$10.3M	Sell	433,038 -45,223	-9%	-$869K	0.71%	54
2016 Q4	$8.9M	Sell	478,261 -14,001	-3%	-$239K	0.56%	74
2016 Q3	$9.04M	Sell	492,262 -106,450	-18%	-$2.08M	0.61%	64
2016 Q2	$12M	Sell	598,712 -39,899	-6%	-$721K	0.68%	53
2016 Q1	$10.7M	Sell	638,611 -13,503	-2%	-$200K	0.61%	60
2015 Q4	$12.1M	Buy	+652,114	New	+$12.3M	0.53%	61
2015 Q3	–	Sell	-74,556	Closed	-$1.16M	–	311
2015 Q2	$1.16M	Sell	74,556 -38,093	-34%	-$543K	0.05%	257
2015 Q1	$1.43M	Buy	+112,649	New	+$1.64M	0.06%	256
2014 Q3	–	Sell	-169,870	Closed	-$2.03M	–	297
2014 Q2	$2.03M	Sell	169,870 -82,348	-33%	-$880K	0.08%	223
2014 Q1	$3.16M	Buy	252,218 +173,118	+219%	+$2.28M	0.12%	181
2013 Q4	$1.09M	Sell	79,100 -58,314	-42%	-$638K	0.04%	262
2013 Q3	$1.26M	Sell	137,414 -554,002	-80%	-$4.18M	0.05%	247
2013 Q2	$4.56M	Buy	+691,416	New	+$3.67M	0.19%	173