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AUSTIN CALVERT & FLAVIN INC
> SAP
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2011 | SAP SE | SAP | 52,025 | -20,970 | 2,754,724 | -940,276 | $52.95 |
| 09/30/2011 | SAP SE | SAP | 72,995 | 6,655 | 3,695,000 | -328,521 | $50.62 |
| 06/30/2011 | SAP SE | SAP | 66,340 | 66,340 | 4,023,521 | 4,023,521 | $60.65 |
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