Western Standard LLC’s Horizon Bancorp HBNC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-12,404	Closed	-$241K	–	49
2017 Q3	$241K	Hold	12,404	–	–	0.32%	41
2017 Q2	$218K	Sell	12,404 -46,350	-79%	-$815K	0.3%	36
2017 Q1	$1.03M	Hold	58,754	–	–	1.59%	19
2016 Q4	$1.1M	Buy	+58,754	New	+$1.1M	2.32%	14