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PENN MUTUAL LIFE INSURANCE CO
> STWD
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2018 | STARWOOD PROPERTY TRUST, INC. | STWD | 90,000 | 0 | 1,956,000 | 69,000 | $21.73 |
| 03/31/2018 | STARWOOD PROPERTY TRUST, INC. | STWD | 90,000 | 0 | 1,887,000 | -36,000 | $20.97 |
| 12/31/2017 | STARWOOD PROPERTY TRUST, INC. | STWD | 90,000 | 0 | 1,923,000 | -34,000 | $21.37 |
| 09/30/2017 | STARWOOD PROPERTY TRUST, INC. | STWD | 90,000 | -35,000 | 1,957,000 | -842,000 | $21.74 |
| 06/30/2017 | STARWOOD PROPERTY TRUST, INC. | STWD | 125,000 | -100,000 | 2,799,000 | -2,347,000 | $22.39 |
| 03/31/2017 | STARWOOD PROPERTY TRUST, INC. | STWD | 225,000 | 0 | 5,146,000 | 207,000 | $22.87 |
| 12/31/2016 | STARWOOD PROPERTY TRUST, INC. | STWD | 225,000 | 0 | 4,939,000 | -128,000 | $21.95 |
| 09/30/2016 | STARWOOD PROPERTY TRUST, INC. | STWD | 225,000 | 25,000 | 5,067,000 | 923,000 | $22.52 |
| 06/30/2016 | STARWOOD PROPERTY TRUST, INC. | STWD | 200,000 | 200,000 | 4,144,000 | 4,144,000 | $20.72 |
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