Insider Trades - SALVESON JON W

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SALVESON JON W: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
PIPER JAFFRAY COS Officer NYSE:PJC (historical quotes, profile, other insiders)	23-Feb-09	115,311	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
23-Feb-09 6,504 PJC Disposition (Non Open Market) at $24.44 per share.
(Value of $158,957)
15-May-08 54,217 PJC Acquisition (Non Open Market) at $0 per share.
22-Feb-08 5,642 PJC Disposition (Non Open Market) at $41.92 per share.
(Value of $236,512)
15-Feb-08 14,421 PJC Acquisition (Non Open Market) at $0 per share.

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
23-Feb-09	6,504	PJC	Disposition (Non Open Market) at $24.44 per share. (Value of $158,957)
15-May-08	54,217	PJC	Acquisition (Non Open Market) at $0 per share.
22-Feb-08	5,642	PJC	Disposition (Non Open Market) at $41.92 per share. (Value of $236,512)
15-Feb-08	14,421	PJC	Acquisition (Non Open Market) at $0 per share.