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FIDUCIARY MANAGEMENT ASSOCIATES LLC
> VSTO
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2016 | Vista Outdoor Inc. | VSTO | 454,197 | 454,197 | 23,576,000 | 23,576,000 | $51.91 |
| 12/31/2015 | Vista Outdoor Inc. | VSTO | 498,662 | 32,420 | 22,198,000 | 1,485,000 | $44.52 |
| 09/30/2015 | Vista Outdoor Inc. | VSTO | 466,242 | 466,242 | 20,713,000 | 20,713,000 | $44.43 |
| 06/30/2015 | Vista Outdoor Inc. | VSTO | 547,322 | 5,122 | 24,576,000 | 1,359,000 | $44.90 |
| 03/31/2015 | Vista Outdoor Inc. | VSTO | 542,200 | 542,200 | 23,217,000 | 23,217,000 | $42.82 |
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