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OUTFITTER ADVISORS, LTD.
> ADBE
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2018 | ADOBE INC. | ADBE | 30,956 | -4,230 | 7,547,000 | -56,000 | $243.80 |
| 03/31/2018 | ADOBE INC. | ADBE | 35,186 | -4,906 | 7,603,000 | 577,000 | $216.08 |
| 12/31/2017 | ADOBE INC. | ADBE | 40,092 | -3,650 | 7,026,000 | 501,000 | $175.25 |
| 09/30/2017 | ADOBE INC. | ADBE | 43,742 | -1,195 | 6,525,000 | 169,000 | $149.17 |
| 06/30/2017 | ADOBE INC. | ADBE | 44,937 | -1,895 | 6,356,000 | 262,000 | $141.44 |
| 03/31/2017 | ADOBE INC. | ADBE | 46,832 | 600 | 6,094,000 | 1,334,000 | $130.12 |
| 12/31/2016 | ADOBE INC. | ADBE | 46,232 | -350 | 4,760,000 | -296,000 | $102.96 |
| 09/30/2016 | ADOBE INC. | ADBE | 46,582 | -350 | 5,056,000 | 560,000 | $108.54 |
| 06/30/2016 | ADOBE INC. | ADBE | 46,932 | -35 | 4,496,000 | 90,000 | $95.80 |
| 03/31/2016 | ADOBE INC. | ADBE | 46,967 | 4,772 | 4,406,000 | 2,214,000 | $93.81 |
| 12/31/2015 | ADOBE INC. | ADBE | 43,257 | 1,062 | 4,064,000 | 1,872,000 | $93.95 |
| 09/30/2015 | ADOBE INC. | ADBE | 43,407 | 1,212 | 3,569,000 | 1,377,000 | $82.22 |
| 06/30/2015 | ADOBE INC. | ADBE | 44,482 | 2,287 | 3,603,000 | 1,411,000 | $81.00 |
| 03/31/2015 | ADOBE INC. | ADBE | 42,447 | 252 | 3,139,000 | 947,000 | $73.95 |
| 12/31/2014 | ADOBE INC. | ADBE | 41,627 | -568 | 3,026,000 | 834,000 | $72.69 |
| 09/30/2014 | ADOBE INC. | ADBE | 40,952 | -1,243 | 2,833,000 | 641,000 | $69.18 |
| 06/30/2014 | ADOBE INC. | ADBE | 41,302 | -893 | 2,989,000 | 797,000 | $72.37 |
| 03/31/2014 | ADOBE INC. | ADBE | 40,802 | -1,393 | 2,682,000 | 490,000 | $65.73 |
| 12/31/2013 | ADOBE INC. | ADBE | 42,477 | 282 | 2,543,000 | 351,000 | $59.87 |
| 09/30/2013 | ADOBE INC. | ADBE | 42,195 | -475 | 2,192,000 | 335,000 | $51.95 |
| 06/30/2013 | ADOBE INC. | ADBE | 42,470 | -200 | 1,935,000 | 78,000 | $45.56 |
| 03/31/2013 | ADOBE INC. | ADBE | 42,670 | -400 | 1,857,000 | 234,000 | $43.52 |
| 12/31/2012 | ADOBE INC. | ADBE | 43,070 | -850 | 1,623,000 | 198,000 | $37.68 |
| 09/30/2012 | ADOBE INC. | ADBE | 43,920 | -4,020 | 1,425,000 | -127,000 | $32.45 |
| 06/30/2012 | ADOBE INC. | ADBE | 47,940 | -1,490 | 1,552,000 | -144,000 | $32.37 |
| 03/31/2012 | ADOBE INC. | ADBE | 49,430 | -275 | 1,696,000 | 291,000 | $34.31 |
| 12/31/2011 | ADOBE INC. | ADBE | 49,705 | -100 | 1,405,000 | 201,000 | $28.27 |
| 09/30/2011 | ADOBE INC. | ADBE | 49,805 | 1,150 | 1,204,000 | -326,000 | $24.17 |
| 06/30/2011 | ADOBE INC. | ADBE | 48,655 | -300 | 1,530,000 | -93,000 | $31.45 |
| 03/31/2011 | ADOBE INC. | ADBE | 48,955 | 0 | 1,623,000 | 116,000 | $33.15 |
| 12/31/2010 | ADOBE INC. | ADBE | 48,955 | 12,770 | 1,507,000 | 561,000 | $30.78 |
| 09/30/2010 | ADOBE INC. | ADBE | 36,185 | 16,450 | 946,000 | 424,000 | $26.14 |
| 06/30/2010 | ADOBE INC. | ADBE | 19,735 | -2,515 | 522,000 | -265,000 | $26.45 |
| 03/31/2010 | ADOBE INC. | ADBE | 22,250 | 25 | 787,000 | -30,000 | $35.37 |
| 12/31/2009 | ADOBE INC. | ADBE | 22,225 | 490 | 817,000 | 99,000 | $36.76 |
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