Biglari Holdings Inc. (BH)

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Insider Trading: Purchases

Insider	Price	Amount	Relationship	Remaining Holdings	Date	Form 4
Biglari,	$364.65	1,929	Large Shareholder, Officer, Director	308,975	2014-12-22	Filing
Biglari,	$368.25	1,660	Large Shareholder, Officer, Director	307,046	2014-12-19	Filing
Biglari,	$367.70	1,660	Large Shareholder, Officer, Director	305,386	2014-12-18	Filing
Cooper	$360.34	14	Director	313	2014-12-15	Filing
Cooper	$250.00	4	Director	299	2014-09-18	Filing
Biglari,	$250.00	3,502	Large Shareholder, Officer, Director	303,726	2014-09-18	Filing
Biglari,	$250.00	357	Large Shareholder, Officer, Director	31,019	2014-09-18	Filing
Cooley	$250.00	7	Director, Other	814	2014-09-18	Filing
Cooley	$250.00	76	Director, Other	6,661	2014-09-18	Filing
Johnson	$424.92	72	Director	300	2014-06-02	Filing
Cooley	$410.00	100	Director, Other	5,489	2014-05-21	Filing
Mastrian	$494.09	100	Director	280	2014-03-26	Filing
Biglari,	$501.93	740	Large Shareholder, Officer, Director	25,552	2014-03-26	Filing
Biglari,	$500.72	836	Large Shareholder, Officer, Director	24,812	2014-03-25	Filing
Biglari,	$495.04	4,500	Large Shareholder, Officer, Director	23,976	2014-03-24	Filing
Cooley	$265.00	13	Director, Other	673	2013-09-20	Filing
Cooley	$265.00	107	Director, Other	5,389	2013-09-20	Filing
Cooper	$265.00	3	Director	247	2013-09-20	Filing
Biglari,	$265.00	4,923	Large Shareholder, Officer, Director	250,187	2013-09-20	Filing
Biglari,	$265.00	242	Large Shareholder, Officer, Director	19,476	2013-09-20	Filing