Mark S. Wallace

Wells Fargo Advisors Money Market Fund — Int/Div

Wells Fargo Advisors Money Market Fund — Sold (part)

Wells Fargo Advisors Money Market Fund — Sold (part)

US Treasury Bond — Interest

SDD units — Distribution

SRS units — Distribution

Wells Fargo Bank Deposit (x) — Interest

ABX common stock — Int/Div

American Century Capital Preservation Fund — Int/Div

American Century Global Gold Fund — Int/Div

American Century Capital Preservation Fund — Int/Div — Buy (add'l)

American Century Capital Preservation Fund — Buy (add'l)

American Century Capital Preservation Fund — Buy (add'l)

UBS USA Deposit Account — Interest — Buy (add'l)

XOM common stock — Int/Div

PWE units — Int/Div

GDX units — istrnibution

NLY umits — Int/Div

ABX common stock — Int/Div

COP common stock — Int/Div

PSX — Int/Div

ECA common stock — Int/Div

iShares TIPs Bond Fund — Distribution

US Treasury obligations — Interest — Sold (part)

Federated Prudent Bear Fund — Distribution

PHYS units — None

Physical gold — None

US Double Eagle coms — None

Physical silver — None

Bank of America savings account — Interest

Bank of America checking account — Interest

Union Bank checking account — Interest

Chase Bank checking account — Interest

Chase Bank savings account — Interest

VXX units — Iistnbution

SDD units — Distribution

ABX common stock — Int/Div

XOM common stock — Int/Div

US Treasury obligations — Interest — Sold (part)

Federated Prudent Bear Fund — Distribution

Vanguard Ginnie Mae Fund — istnbution

Vanguard Inflation Index Fund — Distribution

Rydex Inverse S&PS002x Strategy Fund — Distribution

American Century Capital Preservation Fund — Distribution

UBS U.S. deposit account — istmbution

GG common stock — Int/Div

US. Treasury obligations — Interest

Dreyfus 100% USTreasury Money Market Fuind — Distribution

Fidelity US Treasury Money Market Fund — Distribution

Rydex US Government Money Market Fund — Distribution

Grizzly Short Fund — Distribution — Buy (add'l)

Grizzly Short Fund — Buy (add'l)

Wells Fargo Bank Deposit Sweep — Interest — Buy (add'l)

ADM Investor Services — Distribution

US Savings Bonds — Interest

Northwestern Whole Life Mutual Life Insurance Policy — Int/Div

US. Treasury obligations (x) — Interest

100 PNRA common stock — None

Prudent Bear Fund — Distribution

20 PCLN common stock — None

NEM common stock — Int/Div

BGEIX units — Distribution

SGOL units — None

NEM common stock — Int/Div

SLV umts — None

200 MAR common stock — None

20 CMG common stock — None

20 AZO common stock — None — Sold

GDXJ units — Distribution — Sold

AVP common stock — Int/Div

June minmi<Gold — None — Buy

June minmi<Gold — Sold

March British Pound — None — Buy

March British Pound — Sold

1 July corn — None — Buy

1 July corn — Sold

1 July corn — None — Buy

1 July corn — Sold

1 June 10 vear T-Notes — None — Buy

1 June 10 vear T-Notes — Sold

September 10 year T-Notes — None — Buy

September 10 year T-Notes — Sold

1 December oats — None — Buy

1 December oats — Sold

March mini Silver — None — Buy

Liability — Wells Fargo Advisors — Contingent abilities for stocks sold short

Liability — Bank of America — Credit card

Liability — Chase Bank — Credit card

Liability — ADM Investor Services, Ine — Liabilities on commaodity and futures positions in excess of cash posted for margin

Reimbursement — American Bar Association Section of Taxation — January 28-30, 2016 — Los Angeles, CA — Midyear Mecting — Transportation, meals, lodging

Reimbursement — National Conference of Bankruptcy Judges — October 25-29, 2016 — San Francisco, CA — Annual conference — Transportation, meals, lodging

Reimbursement — Association of Insolvency and Restructuring Advisors — June 7-11, 2016 — Coronado, CA — Annual conference — Meals, lodging

Many of the reported transactions are short sales. In such a transaction, the sale precedes the purchase. Gain or loss is realized when the short sale is closed out

by purchasing the stock or commodity that was sold short. The audit function in the software fails to take these short sales into account and therefore generates

a host of misleading "error messages. For example, if a June emini S&P contract is sold on April 10, 2016 and bought on June 1, 2016, the transaction closes

out on June 1, 2016 and nothing is owned as of the close of the reporting period on December 31, 2016. Short sales and short positions are denoted by & minus

sign in front of the item being sold short, for example -20 PCLN common stock means that 20 shares of Priceline common stock was sold short. Where a short

sale transaction was closed during calendar year 2016, | reported both the date of the short sale (even if this occurred mn 2015 or an earlier year) and the date the

transaction was closed in 2016 by buying in the stock or commodity that was sold short. | believe that by reporting the date of the short sale (even if in 2015), |

nake the report less confusing and promote greater visibility,

Certain assets generate no income during the reporting period. For example, precious metals generate no income unless sold. Stocks that are sold short (such as

PNRA and PCLN generate no income while held short.

Many of the reported transactions involve commodity, currency index or stock index futures contracts, In such a transaction, there is no "purchase price” as

such. Instead, the buyer (or seller) posts cissh margin to secure his promise to buy or sell at maturity. The liability on futures contracts can vary from day to

day based upon daily price limits regarding how much a price for the underlying commodity, currency index or stock index can rise or fall in a single day.

Some contracts have no limits. Therefore, the liability theoretically could be infinite. In actual practice, if a futures position moves against the holder, the

brokerage company will issue a margin call requiring the holder to post additional cash margin within 24 to 72 hours of the call. If margin is not timely posted,

the brokerage company will close out the position and bill the holder for the deficiency. For the avoidance of doubt, I had no commodities margin calls during

2016 and therefore listed the "liabilities" under Part VI of this Report as "J."

Also, please note that when securities are sold short and then closed out in not one but two (partial) transactions, there is no "buy (partial)" notation to elect.

Therefore, | simply used “buy.”

For open futures positions at the end of the year, if any, the unrealized gain or Joss in the contract us of the close of business on December 31, 2016 is reported.

Revocable Trust #1 no longer has a beneficial interest in any assets. | continue to use this trust as a nominee so that | can distinguish between separate property

and community property. {1 was previously the sole beneficiary under this trust).

Various individual stocks are sold short in my Wells Fargo Advisors securities account (for example, CMG, PNRA, ete.) This account is a margin account, If

the stocks-sold-short positions were to significantly move against me, I could be required to post additional margin. This has never occurred in my case but is

theoretically possible. Accordingly, | have listed this as u contingent lisbility in Paret V1 of this report.