HAWTHORN BANCSHARES INC

Ticker: HWBK CUSIP: 420476103 Class: Common Stock

ACADIAN ASSET MANAGEMENT LLC's Holding History (CIK: 0000916542)

Note: Option positions (PUT/CALL) are excluded.

Q1 2020

Shares 1,058 Value ($000) $19 Avg Close $20.65 Range $12.44 - $24.03

Q4 2019

Shares 1,058 Value ($000) $27 Avg Close $22.40 Range $21.32 - $24.04

Q3 2019

Shares 1,058 Value ($000) $25 Avg Close $22.18 Range $18.98 - $25.66

Q2 2019

Shares 1,058 Value ($000) $28 Avg Close $23.41 Range $21.26 - $26.46

Q1 2019

Shares 1,018 Value ($000) $24 Avg Close $21.29 Range $18.91 - $22.19

Q4 2017

Shares 71 Value ($000) $1 Avg Close $18.15 Range $16.98 - $18.45

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	1,058	$19	$20.65	$12.44 - $24.03
Q4 2019	1,058	$27	$22.40	$21.32 - $24.04
Q3 2019	1,058	$25	$22.18	$18.98 - $25.66
Q2 2019	1,058	$28	$23.41	$21.26 - $26.46
Q1 2019	1,018	$24	$21.29	$18.91 - $22.19
Q4 2017	71	$1	$18.15	$16.98 - $18.45