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Madison Street Partners, LLC
> V
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2015 | VISA INC. | V | 0 | -36,927 | 0 | -2,572,000 | |
| 09/30/2015 | VISA INC. | V | 36,927 | -1,669 | 2,572,000 | -4,481,000 | $69.65 |
| 06/30/2015 | VISA INC. | V | 73,252 | 34,656 | 4,919,000 | -2,134,000 | $67.15 |
| 03/31/2015 | VISA INC. | V | 100,016 | 61,420 | 6,542,000 | -511,000 | $65.41 |
| 12/31/2014 | VISA INC. | V | 17,028 | -21,568 | 4,464,000 | -2,589,000 | $262.16 |
| 09/30/2014 | VISA INC. | V | 14,457 | -24,139 | 3,085,000 | -3,968,000 | $213.39 |
| 06/30/2014 | VISA INC. | V | 13,581 | -5,919 | 2,861,653,000 | -1,347,617,000 | $210,710.04 |
| 03/31/2014 | VISA INC. | V | 19,500 | -19,096 | 4,209,270,000 | 4,202,217,000 | $215,860.00 |
| 12/31/2013 | VISA INC. | V | 56,865 | 18,269 | 12,663,000 | 5,610,000 | $222.69 |
| 09/30/2013 | VISA INC. | V | 57,052 | 18,456 | 10,903,000 | 3,850,000 | $191.11 |
| 06/30/2013 | VISA INC. | V | 38,596 | -1,646 | 7,053,000 | 953,118 | $182.74 |
| 03/31/2013 | VISA INC. | V | 38,899 | -1,343 | 6,606,606 | 506,724 | $169.84 |
| 12/31/2012 | VISA INC. | V | 40,242 | -20,709 | 6,099,882 | -2,084,618 | $151.58 |
| 09/30/2012 | VISA INC. | V | 60,951 | -8,243 | 8,184,500 | -369,954 | $134.28 |
| 06/30/2012 | VISA INC. | V | 69,194 | -30,406 | 8,554,454 | -3,198,346 | $123.63 |
| 03/31/2012 | VISA INC. | V | 99,600 | -15,147 | 11,752,800 | 102,537 | $118.00 |
| 12/31/2011 | VISA INC. | V | 114,747 | 114,747 | 11,650,263 | 11,650,263 | $101.53 |
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