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SOUNDPOST PARTNERS, LP
> AGII
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2012 | ARGONAUT GROUP INC | AGII | 0 | -20,000 | 0 | -586,000 | |
| 06/30/2012 | ARGONAUT GROUP INC | AGII | 20,000 | -10,000 | 586,000 | -310,000 | $29.30 |
| 03/31/2012 | ARGONAUT GROUP INC | AGII | 30,000 | 30,000 | 896,000 | 896,000 | $29.87 |
| 09/30/2011 | ARGONAUT GROUP INC | AGII | 0 | -50,000 | 0 | -1,486,000 | |
| 06/30/2011 | ARGONAUT GROUP INC | AGII | 50,000 | 50,000 | 1,486,000 | 1,486,000 | $29.72 |
| 12/31/2010 | ARGONAUT GROUP INC | AGII | 0 | -202,616 | 0 | -7,039,000 | |
| 09/30/2010 | ARGONAUT GROUP INC | AGII | 202,616 | 26,929 | 7,039,000 | 1,665,000 | $34.74 |
| 06/30/2010 | ARGONAUT GROUP INC | AGII | 175,687 | 687 | 5,374,000 | 274,000 | $30.59 |
| 03/31/2010 | ARGONAUT GROUP INC | AGII | 241,900 | 66,900 | 7,884,000 | 2,784,000 | $32.59 |
| 12/31/2009 | ARGONAUT GROUP INC | AGII | 175,000 | 125,000 | 5,100,000 | 3,416,000 | $29.14 |
| 09/30/2009 | ARGONAUT GROUP INC | AGII | 50,000 | 50,000 | 1,684,000 | 1,684,000 | $33.68 |
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