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NORTH STAR ASSET MANAGEMENT INC
> HBRF
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2010 | HIGHBURY FINANCIAL INC | HBRF | 24,180 | -4,375 | 168,000 | 10,000 | $6.95 |
| 12/31/2009 | HIGHBURY FINANCIAL INC | HBRF | 28,555 | -1,500 | 158,000 | -4,000 | $5.53 |
| 09/30/2009 | HIGHBURY FINANCIAL INC | HBRF | 30,055 | -8,000 | 162,000 | 2,000 | $5.39 |
| 06/30/2009 | HIGHBURY FINANCIAL INC | HBRF | 38,055 | -2,000 | 160,000 | 66,000 | $4.20 |
| 03/31/2009 | HIGHBURY FINANCIAL INC | HBRF | 40,055 | -12,250 | 94,000 | -8,000 | $2.35 |
| 12/31/2008 | HIGHBURY FINANCIAL INC | HBRF | 52,305 | 52,305 | 102,000 | 102,000 | $1.95 |
| 09/30/2008 | HIGHBURY FINANCIAL INC | HBRF | 60,635 | 60,635 | 200,000 | 200,000 | $3.30 |
| 06/30/2008 | HIGHBURY FINANCIAL INC | HBRF | 76,375 | 76,375 | 191,000 | 191,000 | $2.50 |
| 03/31/2008 | HIGHBURY FINANCIAL INC | HBRF | 94,725 | 94,725 | 275,000 | 275,000 | $2.90 |
| 12/31/2007 | HIGHBURY FINANCIAL INC | HBRF | 109,875 | 109,875 | 494,000 | 494,000 | $4.50 |
| 09/30/2007 | HIGHBURY FINANCIAL INC | HBRF | 96,825 | 96,825 | 435,000 | 435,000 | $4.49 |
| 06/30/2007 | HIGHBURY FINANCIAL INC | HBRF | 83,575 | 83,575 | 514,000 | 514,000 | $6.15 |
| 03/31/2007 | HIGHBURY FINANCIAL INC | HBRF | 63,550 | 63,550 | 364,000 | 364,000 | $5.73 |
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