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PIPER SANDLER COMPANIES
> SFLY
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2009 | SHUTTERFLY INC | SFLY | 0 | -1,307 | 0 | -18,000 | |
| 06/30/2009 | SHUTTERFLY INC | SFLY | 1,307 | 1,307 | 18,000 | 18,000 | $13.77 |
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