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Xaraf Management LLC
> DDS
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2012 | DILLARD'S, INC. | DDS | 0 | -5,000 | 0 | -362,000 | |
| 09/30/2012 | DILLARD'S, INC. | DDS | 5,000 | 5,000 | 362,000 | 362,000 | $72.40 |
| 06/30/2012 | DILLARD'S, INC. | DDS | 0 | -15,000 | 0 | -945,000 | |
| 03/31/2012 | DILLARD'S, INC. | DDS | 15,000 | 15,000 | 945,000 | 945,000 | $63.00 |
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