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WILLIAM HARRIS INVESTORS INC
> PNRA
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2016 | PANERA BREAD CO | PNRA | 29,163 | -8,000 | 5,981,000 | -1,255,000 | $205.09 |
| 09/30/2016 | PANERA BREAD CO | PNRA | 37,163 | -1,400 | 7,236,000 | -937,000 | $194.71 |
| 06/30/2016 | PANERA BREAD CO | PNRA | 38,563 | 38,563 | 8,173,000 | 8,173,000 | $211.94 |
| 03/31/2016 | PANERA BREAD CO | PNRA | 53,563 | 33,479 | 10,971,000 | 7,781,000 | $204.82 |
| 12/31/2015 | PANERA BREAD CO | PNRA | 67,593 | 47,509 | 13,166,000 | 9,976,000 | $194.78 |
| 09/30/2015 | PANERA BREAD CO | PNRA | 71,064 | 50,980 | 13,745,000 | 10,555,000 | $193.42 |
| 06/30/2015 | PANERA BREAD CO | PNRA | 80,860 | -406 | 14,132,000 | 1,130,000 | $174.77 |
| 03/31/2015 | PANERA BREAD CO | PNRA | 81,266 | 61,182 | 13,002,000 | 9,812,000 | $159.99 |
| 12/31/2014 | PANERA BREAD CO | PNRA | 73,924 | 53,840 | 12,922,000 | 9,732,000 | $174.80 |
| 09/30/2014 | PANERA BREAD CO | PNRA | 75,920 | 55,836 | 12,354,000 | 9,164,000 | $162.72 |
| 06/30/2014 | PANERA BREAD CO | PNRA | 75,920 | 55,836 | 11,375,000 | 8,185,000 | $149.83 |
| 03/31/2014 | PANERA BREAD CO | PNRA | 43,920 | 23,836 | 7,751,000 | 4,561,000 | $176.48 |
| 12/31/2013 | PANERA BREAD CO | PNRA | 39,920 | 19,836 | 7,053,000 | 3,863,000 | $176.68 |
| 09/30/2013 | PANERA BREAD CO | PNRA | 36,920 | 16,836 | 5,853,000 | 2,663,000 | $158.53 |
| 06/30/2013 | PANERA BREAD CO | PNRA | 22,084 | 2,000 | 4,106,000 | 916,000 | $185.93 |
| 03/31/2013 | PANERA BREAD CO | PNRA | 22,084 | 2,000 | 3,649,000 | 459,000 | $165.23 |
| 12/31/2012 | PANERA BREAD CO | PNRA | 20,084 | -32,000 | 3,190,000 | -5,711,000 | $158.83 |
| 09/30/2012 | PANERA BREAD CO | PNRA | 52,084 | 0 | 8,901,000 | 1,638,000 | $170.90 |
| 06/30/2012 | PANERA BREAD CO | PNRA | 52,084 | 11,000 | 7,263,000 | 652,000 | $139.45 |
| 03/31/2012 | PANERA BREAD CO | PNRA | 41,084 | -10,916 | 6,611,000 | 1,206,000 | $160.91 |
| 12/31/2011 | PANERA BREAD CO | PNRA | 41,084 | -10,916 | 5,811,000 | 406,000 | $141.44 |
| 09/30/2011 | PANERA BREAD CO | PNRA | 52,000 | 32,300 | 5,405,000 | 2,929,000 | $103.94 |
| 06/30/2011 | PANERA BREAD CO | PNRA | 19,700 | 0 | 2,476,000 | -26,000 | $125.69 |
| 03/31/2011 | PANERA BREAD CO | PNRA | 19,700 | 19,700 | 2,502,000 | 2,502,000 | $127.01 |
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