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FIDUCIARY MANAGEMENT ASSOCIATES LLC
> TGI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2016 | TRIUMPH GROUP INC | TGI | 0 | -489,283 | 0 | -19,451,000 | |
| 12/31/2015 | TRIUMPH GROUP INC | TGI | 489,283 | 110,390 | 19,451,000 | 3,507,000 | $39.75 |
| 09/30/2015 | TRIUMPH GROUP INC | TGI | 378,893 | 378,893 | 15,944,000 | 15,944,000 | $42.08 |
| 06/30/2015 | TRIUMPH GROUP INC | TGI | 306,788 | 306,788 | 20,244,000 | 20,244,000 | $65.99 |
| 09/30/2013 | TRIUMPH GROUP INC | TGI | 0 | -7,800 | 0 | -617,000 | |
| 06/30/2013 | TRIUMPH GROUP INC | TGI | 7,800 | 1,570 | 617,000 | 210,000 | $79.10 |
| 03/31/2013 | TRIUMPH GROUP INC | TGI | 0 | -6,230 | 0 | -407,000 | |
| 12/31/2012 | TRIUMPH GROUP INC | TGI | 6,230 | -380 | 407,000 | -6,000 | $65.33 |
| 09/30/2012 | TRIUMPH GROUP INC | TGI | 6,610 | -5,980 | 413,000 | -295,000 | $62.48 |
| 06/30/2012 | TRIUMPH GROUP INC | TGI | 12,590 | -1,110 | 708,000 | -150,000 | $56.24 |
| 03/31/2012 | TRIUMPH GROUP INC | TGI | 13,700 | -362,120 | 858,000 | -17,459,000 | $62.63 |
| 09/30/2011 | TRIUMPH GROUP INC | TGI | 375,820 | 375,820 | 18,317,000 | 18,317,000 | $48.74 |
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