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ARBITER PARTNERS LP
> NWLIA
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2017 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 0 | -43,526 | 0 | -6,235,000 | |
| 06/30/2017 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 0 | -43,526 | 0 | -6,235,000 | |
| 03/31/2017 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 0 | -43,526 | 0 | -6,235,000 | |
| 12/31/2016 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 0 | -43,526 | 0 | -6,235,000 | |
| 09/30/2016 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 0 | -43,526 | 0 | -6,235,000 | |
| 06/30/2016 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 0 | -43,526 | 0 | -6,235,000 | |
| 03/31/2016 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 0 | -43,526 | 0 | -6,235,000 | |
| 12/31/2015 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 0 | -43,526 | 0 | -6,235,000 | |
| 09/30/2012 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 43,526 | 33,723 | 6,235,000 | 4,907,000 | $143.25 |
| 06/30/2012 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 38,755 | 28,952 | 5,500,000 | 4,172,000 | $141.92 |
| 03/31/2012 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 23,936 | 14,133 | 3,276,000 | 1,948,000 | $136.86 |
| 12/31/2011 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 15,039 | 5,236 | 2,048,000 | 720,000 | $136.18 |
| 09/30/2011 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 9,803 | 9,803 | 1,328,000 | 1,328,000 | $135.47 |
| 06/30/2011 | NATIONAL WESTERN LIFE INSURANCE CO | NWLIA | 4,227 | 4,227 | 674,000 | 674,000 | $159.45 |
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