Robert E Gerber

INBROKERAGE ACCT #1 (Fidelity Investments):

Columbia Acorn Fund Mutual Fund Shares — Int/Div — Sold (part)

Rockland Co. NY, 3.50%, 2013, Muni Bonds — Interest

NY State Thruway Auth., 5.00%, 2012, Muni Bonds — Interest

NY State Thruway Auth., 5.50%, 2013, Muni Bonds — Interest

NY State Thruway 5.0%, 2019, Muni Bonds — Interest

Vanguard Intermediate Term Tax Exempt Mut Fund Shares — Int/Div — Sold — Applicable

Fidelity Municipal Money Mkt Mut Fund Shares — Int/Div

Vanguard Limited Term Tax Exempt Fund Mutual Fund Shares — Int/Div — Sold (part) — Applicable

Same — Sold (part) — Applicable

Same — Sold (part) — Applicable

Same — Sold (part) — Applicable

Fidelity Contrafund Mut Fund Shares — Int/Div

American Growth Fund of America C1 F Mut Fund Shares — Int/Div

Eaton Vance Large Cap Value Fund Mut Fund Shares — Int/Div — Sold — Applicable

Baron Growth Fund Mut Fund Shares — Int/Div

Pimeco Total Return Fund Mut Fund Shares — Int/Div — Sold (part) — Applicable

Templeton Global Bond Fund Advisor Class — Int/Div

Royce Total Return Fund Mut Fund Shares — Int/Div — Buy — Applicable

BlackRock Equity Dividend Fund Institut Mut Fund Shares — Int/Div — Buy — Applicable

IN BROKERAGE ACCT #2 (Fidelity Investments):

Rockland Co. NY, 3.50%, 2014, Muni Bonds — Interest

NY State Housing Finance Agency, 5.25%, 2015, Muni Bonds — Interest

NY City, NY 5.500%, 2014, Muni Bonds — Interest

Fidelity Municipal Money Mkt Mut Fund Shares — Int/Div

ROLLOVER IRA #1, FIDELITY INVESTMENTS — Int/Div

Fidelity Cash Reserves Money Mkt Mut Fund Shares

Royce Total Return Fund Mutl Fund Shares — Sold — Applicable

Tweedy Browne Global Value Fund Mut Fund Shares

Baron Growth Mut Fund Shares

Fidelity Contrafund Mut Fund Shares

Eaton Vance Large Cap Value Fund Mut Fund Shares — Sold — Applicable

Federal Farm Credit Bank, 4.60%, 2015 Bonds — Matured — Applicable

Fidelity US Govt Reserves Money Mkt Mut Fund Shares — Sold — Applicable

Ivy Asset Strategy Fund C1 1 Mut Fund Shares

Same — Buy (add'l) — Applicable

Morgan Stanley Global Long/Short Fund Mut Fund Shares — Buy — Applicable

Same — Sold — Applicable

Same — Buy — Applicable

BlackRock Global Allocation Fund Instit Mut Fund Shares — Buy — Applicable

Pimeo Total Rund Fund Institutional Mut Fund Shares — Buy — Applicable

IRA (21). FIDELITY INVESTMENTS — Int/Div

Fidelity Cash Reserves Money Mkt Mut Fund Shares

Templeton Global Bond Advisor Class Mut Fund Shares

IRA (£2), FIDELITY INVESTMENTS — Int/Div

Tweedy Browne Global Value Fund Mut Fund Shares

Baron Growth Mut Fund Shares

Fidelity Contrafund Mut Fund Shares

Fidelity Cash Reserves Money Mkt Mut Fund Shares

Fidelity US Govt Reserves Money Mkt Mut Fund Shares — Sold — Applicable

INBROKERAGE ACCOUNT #3

Spartan 500 Index Fid Investor Class Mutual Fund Shares — Int/Div

Baron Growth Mutual Fund Shares — Int/Div

Fidelity Municipal Money Mkt Mut Fund Shares — Int/Div

LIMITED PARTNERSHIP INTERESTS:

Broadway 72 Assocs, Lid Partnership Interest — Distribution

FFHS&K Investment Assocs. 1983-1, Ltd Partnership Interest — None

ROLLOVER IRA #2, FIDELITY INVESTMENTS — Int/Div

Fidelity Cash Reserves Money Market Mut Fund Shares

Rovee Total Return Fund Mut Fund Shares

American Growth Fund of America Mut Fund Shares

Fidelity Contrafund Mut Fund Shares

Federal Farm Credit Bank, 4.875%, 2018 Bonds

Pimeo Total Return Fund- Institutional Mut Fund Shares — Sold — Applicable

Blackrock Global Allocat Fund-Institut'l Mut Fund Shares — Buy (add'l) — Applicable

Ivy Asset Strategy Fund Class Mut Fund Shares — Buy (add'l) — Applicable

Baron Growth Fund Mut Fund Shares — Buy — Applicable

S29 PLAN. FIDELITY INVESTMENTS — None

Fidelity UNIQUE 2015 Portfolio

INSURANCE POLICIES

Northwestern Mutual Whole Life Policy #1 — Int/Div

Northwestern Mutual Whole Life Policy 02 — Int/Div

Northwestern Mutual Whole Life Policy 3 — Int/Div

Northwestern Mutual Whole Life Policy ry — Int/Div

Northwestern Mutual Whole Life Policy ws — Int/Div

ROLLOVER IRA #3 (Morgan Stanley Smith Bamey) — Int/Div

Dreyfus Money Mkt Govt Secur Series Mut Fund Shares

WI Clean Water 4.391% 2019 Mum Bonds

NY Environmental Facilities 4.469% 2019 Muni Bonds

NY City NY 4.899% 2020 Muni Bonds

Timpanogos UT 4.69% 2018 Muni Bonds

San Luis Obispo Cnty CA 7.45% 2019 Muni Bonds

Brazoria Caty TX 4.594% 2019 Muni Bonds

FL St Board of Ed 4.941% 2018 Muni Bonds

Kauai Cnty HI 4.556% 2021 Muni Bonds

Stevens Pt WI 4.40% 2018 Mum Bonds

Dallas TX 4.489% 2020 Muni Bonds

Anchorage AK 4.518% 2020 Muni Bonds

Los Angeles CA 4.53% 2022 Muni Bonds

Director, American College of Bankruptcy

Director, American Bankruptcy Institute

Member of Board of Governors, National Conference of Bankruptcy Judges

Liability — Northwestern Mutual Life — Policy Loans

Reimbursement — Association (United Kingdom) — FIA EAA ARNE yr — OR TRON, NUE ITS Dae as La ow ei

Reimbursement — TIES EC CEA EN Tn STA EM 4 Institute — Meetings, Speaker at Program — PR hg epdeiaraguey Sremttiee a Aaah bod

Reimbursement — Turnaround Management Association — O04/27/11-0429/11 — Chicago, IL — Speaker at Program — Transportation, Lodgmg, Food

Reimbursement — American Bankruptcy Institute — 0721/11-0724/11 — Newport, RI — Speaker at Program — Transportation, Lodging, Food

Reimbursement — Midwest Regional Bankruptcy Seminar — ORN2/1108/14/1) — Cincinnati, OH — Speaker at Program — Transportation, Lodging, Food

Reimbursement — Hudson Valley Bankruptcy Bar Association — 0908/1 1090911 — Hyde Park, NY — Speaker at Program — Transportation, Lodging, Food

Reimbursement — Georgetown University Law School — 0 15/1149/16/11 — Washington, DC — Speaker at Program — Transportation, Lodging, Food

Reimbursement — National Conference of Bankruptcy Judges — 11-1018] — Tampa, FL — Speaker at Program, Board Meeting — Transportation, Lodging, Food

Reimbursement — Nanonal Association of Attorneys General — 1025/1 1-10028/1 1 — Austin, TX — Speaker at Program — Transportation, Lodging, Food

Reimbursement — American Bankruptcy ; Institute — 1201111200311 — Palm Springs, CA — Board and Committee Meetings — Transportation, Lodgmg, Food

Income — 2011 — Matthew Bender & Co. (LexisNexis), compensation for chapters written as contributing author to Collier on Bankruptcy — $3,280.00

Income — 2011 — Hudson Valley Bankruptcy Bar Assn, lecture — S100.00

Spouse's income — 2011 — Self-employed writer

Part VII: The dividends shown for mutual funds, as in the past, include capital gains dividends.

As in the past, routine deposits or withdrawals (i.e., purchases or sales) of money market funds have not been deemed to be reportable transactions, and have not

been shown, but again as in the past, the income from the money market funds during the Reporting Period has been shown, However, when 1 have made final

sales, and initial purchases, of such money market funds, I have shown such final sales, and initial purchases, as reportable "Sell" and "Buy” transactions.

Transactions involving the remvestment of mutual fund dividends and capital gams distributions are not shown as reportable transactions; however, the income

from them is shown,

Tn 2006 and prior years, in the case of the whole life insurznce policies shown on Lines #71 through #75 of this report, the "Income" shown had been the increase

in cash value in cach policy. In 2007, I began to apply dividends on the policies to reduce policy louns, and since then the increase in cash value is no longer

the sume as the dividend on each policy. As in my reports for 2007 and thereafter, the "Income" shown is the dividend on each policy, and not the cash value

increase, as the former is a better indication of the income on each policy. The value shown for each policy is its net cash value, after subtracting outstanding

loans from the gross cash value.

Twelve equal monthly purchases of less than $1,000 cach were made of shares of the Fidelity UNIQUE 2015 Portfolio in the 529 Plan. They are not individually

shown, since investments that do not exceed $1,000 are not to be individually reported. The aggregate value of the plan at the end of the year, which is to be

reported, reflects those purchases, and investment results with respect to them.

The bonds listed on Line #33 were called before maturity. As the FDR software's transaction type descriptions do not include "Called," I have used "Matured™ as

an approximation for that.

The trades shown on lines #37, #38 and #39 were arranged by a financial advisor. For reasons that are unclear to me (but that did not involve an investment

decision on my part), they were reversed shortly after their initial execution and re-executed the following month,

The limited partnership shown on line #56 made a sizeable distribution to me mn 2011. It is obvious that an mnvestment that could generate a distribution at the “G”

level has more than minimal value. But it is not publicly traded or otherwise valued, and, as in past years, only the book value of that investment is known. Thus

the "J" Code, based on that book value, continues to be shown for 2011.

I noted in my report for 2010 that Trust #1 had investment assets of less than $1, and would not be shown in future reports, If Trust #1 still has any investment

assets at ull, they have not been reported to me, and continue to be of a value less than $1. Thus assets for Trust #1 are not shown in Part VII of this report.

For ease of entry. and review, account name headers appear for accounts that are not aggregate ownership accounts.