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OUTFITTER ADVISORS, LTD.
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| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2018 | MICROSOFT CORP | MSFT | 13,138 | 5 | 1,296,000 | 97,000 | $98.65 |
| 03/31/2018 | MICROSOFT CORP | MSFT | 13,133 | -535 | 1,199,000 | 30,000 | $91.30 |
| 12/31/2017 | MICROSOFT CORP | MSFT | 13,668 | 1,835 | 1,169,000 | 288,000 | $85.53 |
| 09/30/2017 | MICROSOFT CORP | MSFT | 11,833 | -300 | 881,000 | 45,000 | $74.45 |
| 06/30/2017 | MICROSOFT CORP | MSFT | 12,133 | 100 | 836,000 | 44,000 | $68.90 |
| 03/31/2017 | MICROSOFT CORP | MSFT | 12,033 | -100 | 792,000 | 38,000 | $65.82 |
| 12/31/2016 | MICROSOFT CORP | MSFT | 12,133 | 0 | 754,000 | 55,000 | $62.14 |
| 09/30/2016 | MICROSOFT CORP | MSFT | 12,133 | 0 | 699,000 | 78,000 | $57.61 |
| 06/30/2016 | MICROSOFT CORP | MSFT | 12,133 | -750 | 621,000 | -91,000 | $51.18 |
| 03/31/2016 | MICROSOFT CORP | MSFT | 12,883 | -1,270 | 712,000 | 241,000 | $55.27 |
| 12/31/2015 | MICROSOFT CORP | MSFT | 12,883 | -1,270 | 715,000 | 244,000 | $55.50 |
| 09/30/2015 | MICROSOFT CORP | MSFT | 12,883 | -1,270 | 570,000 | 99,000 | $44.24 |
| 06/30/2015 | MICROSOFT CORP | MSFT | 12,833 | -1,320 | 567,000 | 96,000 | $44.18 |
| 03/31/2015 | MICROSOFT CORP | MSFT | 12,908 | -1,245 | 525,000 | 54,000 | $40.67 |
| 12/31/2014 | MICROSOFT CORP | MSFT | 12,908 | -1,245 | 600,000 | 129,000 | $46.48 |
| 09/30/2014 | MICROSOFT CORP | MSFT | 12,908 | -1,245 | 598,000 | 127,000 | $46.33 |
| 06/30/2014 | MICROSOFT CORP | MSFT | 12,958 | -1,195 | 540,000 | 69,000 | $41.67 |
| 03/31/2014 | MICROSOFT CORP | MSFT | 13,058 | -1,095 | 535,000 | 64,000 | $40.97 |
| 12/31/2013 | MICROSOFT CORP | MSFT | 14,353 | 200 | 537,000 | 66,000 | $37.41 |
| 09/30/2013 | MICROSOFT CORP | MSFT | 14,153 | 1,370 | 471,000 | 105,000 | $33.28 |
| 06/30/2013 | MICROSOFT CORP | MSFT | 14,408 | 1,625 | 498,000 | 132,000 | $34.56 |
| 03/31/2013 | MICROSOFT CORP | MSFT | 12,783 | 0 | 366,000 | 25,000 | $28.63 |
| 12/31/2012 | MICROSOFT CORP | MSFT | 12,783 | -50 | 341,000 | -41,000 | $26.68 |
| 09/30/2012 | MICROSOFT CORP | MSFT | 12,833 | -300 | 382,000 | -20,000 | $29.77 |
| 06/30/2012 | MICROSOFT CORP | MSFT | 13,133 | -200 | 402,000 | -28,000 | $30.61 |
| 03/31/2012 | MICROSOFT CORP | MSFT | 13,333 | -1,150 | 430,000 | 54,000 | $32.25 |
| 12/31/2011 | MICROSOFT CORP | MSFT | 14,483 | -2,442 | 376,000 | -45,000 | $25.96 |
| 09/30/2011 | MICROSOFT CORP | MSFT | 16,925 | -10,675 | 421,000 | -297,000 | $24.87 |
| 06/30/2011 | MICROSOFT CORP | MSFT | 27,600 | -49,325 | 718,000 | -1,235,000 | $26.01 |
| 03/31/2011 | MICROSOFT CORP | MSFT | 76,925 | -5,475 | 1,953,000 | -347,000 | $25.39 |
| 12/31/2010 | MICROSOFT CORP | MSFT | 82,400 | -250 | 2,300,000 | 276,000 | $27.91 |
| 09/30/2010 | MICROSOFT CORP | MSFT | 82,650 | -2,800 | 2,024,000 | 58,000 | $24.49 |
| 06/30/2010 | MICROSOFT CORP | MSFT | 85,450 | -1,650 | 1,966,000 | -585,000 | $23.01 |
| 03/31/2010 | MICROSOFT CORP | MSFT | 87,100 | -2,251 | 2,551,000 | -172,000 | $29.29 |
| 12/31/2009 | MICROSOFT CORP | MSFT | 89,351 | -1,530 | 2,723,000 | 386,000 | $30.48 |
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