You are cordially invited to join us for our 2006 annual ... - Piper Jaffray

(7)(8)(9)(10)(11)(12)restricted stock that vest in full on February 22, 2008, 11,192 shares of restricted stock that vest in fullon February 21, 2009, 197 shares of common stock held directly, 303 shares of common stock held inthe Piper Jaffray Companies Retirement Plan and 14 shares of common stock held in an individualretirement account.Includes 1,798 shares of restricted stock that vest in full on February 12, 2007, 5,364 shares ofrestricted stock that vest in full on February 22, 2008, 4,441 shares of restricted stock that vest in fullon February 21, 2009, 502 shares of common stock held directly, 129 shares of common stock held inthe Piper Jaffray Companies Retirement Plan, 1,000 shares of common stock held in an individualretirement account, and 2 shares of common stock held by Mr. Piper’s spouse as to which he sharesvoting and investment power with his spouse.Includes 9,805 shares of restricted stock that vest in full on February 12, 2007, 31,377 shares ofrestricted stock that vest in full on February 22, 2008, 18,986 shares of restricted stock that vest infull on February 21, 2009, 166 shares of common stock held directly and 303 shares of common stockheld in the Piper Jaffray Companies Retirement Plan.Includes 3,500 shares of common stock held directly and 9,918 shares of common stock covered byoptions that are currently exercisable.Consists of shares of common stock covered by options that are currently exercisable.Includes 2,589 shares of common stock held directly and 9,918 shares of common stock covered byoptions that are currently exercisable.Includes 38,351 shares of restricted stock that vest in full on February 12, 2007, 94,679 shares ofrestricted stock that vest in full on February 22, 2008, 62,777 shares of restricted stock that vest in fullon February 21, 2009, 2,531 shares of common stock held in the Piper Jaffray Companies RetirementPlan, 8,866 shares held in a retirement or profit-sharing plan or account other than the Piper JaffrayCompanies Retirement Plan, 18,538 shares of common stock held directly or by family members, and53,591 shares covered by options that are currently exercisable.Beneficial Owners of More than Five Percent of Our Common StockBased on filings made under Section 13(d) and Section 13(g) of the Securities Exchange Act of1934, as of March 6, 2006, the only persons known by us to be beneficial owners of more than 5% ofour common stock were as follows:Shares ofPiper JaffrayName of Beneficial Owner Common Stock Percent of Class(1)T. Rowe Price Associates, Inc. ******************************* 1,598,465 (1) 8.00%100 E. Pratt StreetBaltimore, MD 21202Dimensional Fund Advisors Inc. ***************************** 1,183,809 (2) 5.98%1299 Ocean Avenue, 11th FloorSanta Monica, CA 90401Barclays Global Investors, N.A******************************* 1,064,241 (3) 5.37%45 Fremont StreetSan Francisco, CA 94105This information is based on a Schedule 13G filed with the Securities and Exchange Commission onFebruary 14, 2006, by T. Rowe Price Associates, Inc. and T. Rowe Price Small-Cap Stock Fund, Inc. T.Rowe Price Associates, Inc. reported that it has sole voting power as to 207,200 shares and soledispositive power as to 1,598,465 shares. Of the 1,598,465 shares over which T. Rowe Price Associates,Inc. has sole dispositive power, T. Rowe Price Small-Cap Stock Fund, Inc. has sole voting power as to992,500 shares. As an investment advisor, T. Rowe Price Associates, Inc. may be deemed to havebeneficial ownership of the shares owned by its advisory clients, but it disclaims beneficial ownership ofthese shares.32