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Stock Trading History of Fertig William D

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Fertig William D since year 2005. The trader's CIK number is 1227681. At the time of this reporting, Fertig William D is the 10% Owner of Highbury Financial Inc (stock ticker symbol HBRF).

Stock purchases, sales, and option exercises reported by *Fertig William D* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-01-23	HBRF	Highbury Financial Inc	Sale	65,000	5.74	372,950
2007-01-26	HBRF	Highbury Financial Inc	Sale	29,500	5.82	171,574
2007-01-25	HBRF	Highbury Financial Inc	Sale	5,000	5.87	29,350
2007-01-24	HBRF	Highbury Financial Inc	Sale	20,000	5.75	115,000

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Fertig William D (10% Owner of Highbury Financial Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.