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GKM ADVISERS LLC
> MSFT
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2009 | MICROSOFT CORP | MSFT | 521,168 | -38,931 | 9,574,000 | -1,314,000 | $18.37 |
| 12/31/2008 | MICROSOFT CORP | MSFT | 560,099 | -380,988 | 10,888,000 | -14,230,000 | $19.44 |
| 09/30/2008 | MICROSOFT CORP | MSFT | 941,087 | 941,087 | 25,118,000 | 25,118,000 | $26.69 |
| 06/30/2008 | MICROSOFT CORP | MSFT | 951,535 | 4,128 | 26,177,000 | -710,000 | $27.51 |
| 03/31/2008 | MICROSOFT CORP | MSFT | 947,407 | 3,075 | 26,887,000 | -6,731,000 | $28.38 |
| 12/31/2007 | MICROSOFT CORP | MSFT | 944,332 | 944,332 | 33,618,000 | 33,618,000 | $35.60 |
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