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Second Curve Capital
> HBRF
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2010 | HIGHBURY FINANCIAL INC | HBRF | 1,002,000 | 0 | 6,974,000 | 1,413,000 | $6.96 |
| 12/31/2009 | HIGHBURY FINANCIAL INC | HBRF | 1,002,000 | 600,000 | 5,561,000 | 3,390,000 | $5.55 |
| 09/30/2009 | HIGHBURY FINANCIAL INC | HBRF | 402,000 | 0 | 2,171,000 | 483,000 | $5.40 |
| 06/30/2009 | HIGHBURY FINANCIAL INC | HBRF | 402,000 | 0 | 1,688,000 | 743,000 | $4.20 |
| 03/31/2009 | HIGHBURY FINANCIAL INC | HBRF | 402,000 | 0 | 945,000 | 161,000 | $2.35 |
| 12/31/2008 | HIGHBURY FINANCIAL INC | HBRF | 1,002,000 | 600,000 | 1,953,900 | 626,900 | $1.95 |
| 09/30/2008 | HIGHBURY FINANCIAL INC | HBRF | 402,000 | 2,000 | 1,327,000 | 327,000 | $3.30 |
| 06/30/2008 | HIGHBURY FINANCIAL INC | HBRF | 400,000 | 0 | 1,000,000 | -160,000 | $2.50 |
| 03/31/2008 | HIGHBURY FINANCIAL INC | HBRF | 400,000 | 0 | 1,160,000 | -640,000 | $2.90 |
| 12/31/2007 | HIGHBURY FINANCIAL INC | HBRF | 400,000 | 0 | 1,800,000 | 4,000 | $4.50 |
| 09/30/2007 | HIGHBURY FINANCIAL INC | HBRF | 400,000 | 0 | 1,796,000 | -664,000 | $4.49 |
| 06/30/2007 | HIGHBURY FINANCIAL INC | HBRF | 400,000 | 0 | 2,460,000 | 172,000 | $6.15 |
| 03/31/2007 | HIGHBURY FINANCIAL INC | HBRF | 400,000 | 0 | 2,288,000 | -44,000 | $5.72 |
| 12/31/2006 | HIGHBURY FINANCIAL INC | HBRF | 400,000 | 100,000 | 2,332,000 | 652,000 | $5.83 |
| 09/30/2006 | HIGHBURY FINANCIAL INC | HBRF | 300,000 | 0 | 1,680,000 | 30,000 | $5.60 |
| 06/30/2006 | HIGHBURY FINANCIAL INC | HBRF | 300,000 | 300,000 | 1,650,000 | 1,650,000 | $5.50 |
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