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FIDUCIARY MANAGEMENT ASSOCIATES LLC
> NHI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2016 | NATIONAL HEALTH INVESTORS INC | NHI | 345,800 | 345,800 | 23,002,000 | 23,002,000 | $66.52 |
| 09/30/2015 | NATIONAL HEALTH INVESTORS INC | NHI | 0 | -325,093 | 0 | -20,254,000 | |
| 06/30/2015 | NATIONAL HEALTH INVESTORS INC | NHI | 325,093 | -21,799 | 20,254,000 | -4,379,000 | $62.30 |
| 03/31/2015 | NATIONAL HEALTH INVESTORS INC | NHI | 346,892 | 346,892 | 24,633,000 | 24,633,000 | $71.01 |
| 12/31/2014 | NATIONAL HEALTH INVESTORS INC | NHI | 271,602 | 271,602 | 19,001,000 | 19,001,000 | $69.96 |
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