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TALON ASSET MANAGEMENT, LLC
> MUR
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2011 | MURPHY OIL CORP | MUR | 35,100 | 7,500 | 1,550,000 | -262,000 | $44.16 |
| 06/30/2011 | MURPHY OIL CORP | MUR | 27,600 | 6,300 | 1,812,000 | 248,000 | $65.65 |
| 03/31/2011 | MURPHY OIL CORP | MUR | 21,300 | 21,300 | 1,564,000 | 1,564,000 | $73.43 |
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