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| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2012 | HALLMARK FINANCIAL SERVICES INC | HALL | 0 | -50,000 | 0 | -369,000 | |
| 06/30/2012 | HALLMARK FINANCIAL SERVICES INC | HALL | 0 | -50,000 | 0 | -369,000 | |
| 03/31/2012 | HALLMARK FINANCIAL SERVICES INC | HALL | 0 | -50,000 | 0 | -369,000 | |
| 12/31/2011 | HALLMARK FINANCIAL SERVICES INC | HALL | 0 | -50,000 | 0 | -369,000 | |
| 09/30/2011 | HALLMARK FINANCIAL SERVICES INC | HALL | 50,000 | 0 | 369,000 | -25,000 | $7.38 |
| 06/30/2011 | HALLMARK FINANCIAL SERVICES INC | HALL | 50,000 | 0 | 394,000 | -25,000 | $7.88 |
| 03/31/2011 | HALLMARK FINANCIAL SERVICES INC | HALL | 50,000 | 0 | 419,000 | -36,000 | $8.38 |
| 12/31/2010 | HALLMARK FINANCIAL SERVICES INC | HALL | 50,000 | 0 | 455,000 | 18,000 | $9.10 |
| 09/30/2010 | HALLMARK FINANCIAL SERVICES INC | HALL | 50,000 | 0 | 437,000 | -61,000 | $8.74 |
| 06/30/2010 | HALLMARK FINANCIAL SERVICES INC | HALL | 50,000 | 50,000 | 498,000 | 498,000 | $9.96 |
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