Stockbridge Partners’s Armstrong World Industries AWI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-2,215,943	Closed	-$114M	–	16
2017 Q3	$114M	Sell	2,215,943 -397,498	-15%	-$18.7M	5.72%	8
2017 Q2	$120M	Sell	2,613,441 -580,404	-18%	-$26M	5.51%	9
2017 Q1	$147M	Sell	3,193,845 -503,510	-14%	-$21.3M	6.93%	6
2016 Q4	$155M	Sell	3,697,355 -345,599	-9%	-$14.2M	7.51%	5
2016 Q3	$167M	Buy	4,042,954 +304,799	+8%	+$12.8M	8.03%	4
2016 Q2	$146M	Buy	3,738,155 +813,383	+28%	+$33.3M	7.65%	4
2016 Q1	$141M	Buy	2,924,772 +642,585	+28%	+$26.4M	7.52%	4
2015 Q4	$104M	Buy	2,282,187 +65,800	+3%	+$3.2M	5.77%	10
2015 Q3	$106M	Buy	2,216,387 +22,144	+1%	+$1.22M	6%	10
2015 Q2	$117M	Buy	2,194,243 +777,278	+55%	+$43.3M	6.27%	9
2015 Q1	$81.4M	Buy	+1,416,965	New	+$75.9M	4.29%	11