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GRUBER & MCBAINE CAPITAL MANAGEMENT LLC
> NTI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2015 | Northern Tier Energy LP | NTI | 69,600 | 69,600 | 1,654,000 | 1,654,000 | $23.76 |
| 03/31/2015 | Northern Tier Energy LP | NTI | 70,000 | 70,000 | 1,774,000 | 1,774,000 | $25.34 |
| 12/31/2014 | Northern Tier Energy LP | NTI | 70,000 | 70,000 | 1,550,000 | 1,550,000 | $22.14 |
| 09/30/2014 | Northern Tier Energy LP | NTI | 70,000 | 70,000 | 1,722,000 | 1,722,000 | $24.60 |
| 06/30/2014 | Northern Tier Energy LP | NTI | 70,000 | 0 | 1,872,000 | 150,000 | $26.74 |
| 03/31/2014 | Northern Tier Energy LP | NTI | 70,000 | 0 | 1,800,000 | 78,000 | $25.71 |
| 12/31/2013 | Northern Tier Energy LP | NTI | 70,000 | 70,000 | 1,722,000 | 1,722,000 | $24.60 |
| 09/30/2013 | Northern Tier Energy LP | NTI | 70,000 | 70,000 | 1,380,000 | 1,380,000 | $19.71 |
| 06/30/2013 | Northern Tier Energy LP | NTI | 65,000 | 65,000 | 1,561,000 | 1,561,000 | $24.02 |
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