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BlackRock Fund Advisors
> DMD
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2016 | LEAF GROUP LTD. | DMD | 0 | -34,773 | 0 | -198,000 | |
| 09/30/2016 | LEAF GROUP LTD. | DMD | 34,773 | 4,239 | 198,000 | 71,000 | $5.69 |
| 06/30/2016 | LEAF GROUP LTD. | DMD | 34,839 | 2,846 | 180,000 | 4,000 | $5.17 |
| 03/31/2016 | LEAF GROUP LTD. | DMD | 29,765 | -2,228 | 149,000 | -27,000 | $5.01 |
| 12/31/2015 | LEAF GROUP LTD. | DMD | 31,993 | 1,459 | 176,000 | 49,000 | $5.50 |
| 09/30/2015 | LEAF GROUP LTD. | DMD | 30,534 | 30,534 | 127,000 | 127,000 | $4.16 |
| 06/30/2015 | LEAF GROUP LTD. | DMD | 25,507 | 25,507 | 162,000 | 162,000 | $6.35 |
| 03/31/2015 | LEAF GROUP LTD. | DMD | 242,447 | 242,447 | 1,387,000 | 1,387,000 | $5.72 |
| 12/31/2014 | LEAF GROUP LTD. | DMD | 246,497 | 246,497 | 1,509,000 | 1,509,000 | $6.12 |
| 09/30/2014 | LEAF GROUP LTD. | DMD | 212,880 | 212,880 | 1,884,000 | 1,884,000 | $8.85 |
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