Statement of Changes in Beneficial Ownership (4)

POWER OF ATTORNEY



This statement confirms that I have authorized and designated John W. 

Geelan, James Grant, and Melissa D. Richason, and each of them, as my 

attorney-in-fact to execute and file on my behalf all Forms 3 (Initial 

Statement of Beneficial Ownership of Securities), Forms 4 (Statement of 

Changes in Beneficial Ownership of Securities) and Forms 5 (Annual 

Statement of Changes in Beneficial Ownership), including any and all 

amendments thereto, that I may be required to file with the Securities 

and Exchange Commission as a result of my ownership of or transactions in 

securities of Piper Jaffray Companies.  This power of attorney shall 

continue in effect until I am no longer required to file Forms 4 and 5 

with regard to my ownership of or transactions in securities of Piper 

Jaffray Companies, unless I earlier revoke this power of attorney in a 

writing delivered to the above-named attorneys-in-fact.  I acknowledge 

that the above-named attorneys-in-fact are not assuming any of my 

responsibilities to comply with Section 16 of the Securities Exchange Act 

of 1934.



Dated: May 7, 2014

/s/ Lisa K. Polsky 

Signature





Lisa K. Polsky

Printed Name