Patricia A. Sullivan

MFS Investment Management (Educational Funds) — Dividend

MFS Growth Allocation Fund B (MBGWX) — Dividend

US Treasury EE Bonds — Interest

Northwest Mutual Life Policy "Adjustable CompLife" — Dividend

Minnesota Variable Group Universal Life Insurance Policy — Int./Div.

Janus Aspen Forty — Int./Div.

FID VIP Value — Int./Div. — Sold

SFT "Pyramis" CEQ1 (X) — Int./Div. — Buy

Ivy VIP Value — Int./Div.

FID VIP Equity Income — Int./Div.

Janus Aspen OVES SS — Int./Div.

Membership in — Distribution

Sovereign Account — Interest

Sovereign Account (X) — Interest

Sovereign Money Market Account — Interest

Schwab Account (IRA) — Int./Div.

Schwab Govt Money Fund (SWGXX) — Interest

Western Asset Macro Opportunities (LAOIX) — Dividend — Buy

Invesco Global Market Neutral (MKNYX) — Dividend — Buy

Charles Schwab Bank account — Interest

Fidelity Floating Rate HI INCM (FFRHX) — Dividend

First Eagle High Yield FD A (FEHAX) — Dividend

Flexshares ETF IBoxx 3 Yr TRGT (TSTT) — Dividend

Invesco Conv Securities FD CL (CNSAX) — Dividend

Lord Abbett Short Duration (LALSZ) — Dividend — Sold

Pimco 0-5 High Yield Corp B (HYS) — Dividend

Putnam Absolute Return 300 FD (PYTRX) — Dividend — Sold (part)

Fidelity ADV Emerging Mkts Inc (FMKAX) — Dividend

SPDR INTL Government TIPS ETF (WIP) — Dividend

Templeton Global Bond Fund (TGBAX) — Dividend

First Eagle US Value Fund CL (FEVAX) — Dividend

Goldman Sachs Small Mid Cap (GSMYX) — Dividend — Sold (part)

Heartland Value Plus (HNVIX) — Dividend — Sold (part)

Heartland Value Plus (HNVIX) — Sold

Powershares S&P ETF 500 Low VO (SPLV) — Dividend — Sold (part)

Putnam Capital Spectrum FD CL (PVSAX) — Dividend

Royce Special Equity FD Invest (RYSEX) — Dividend — Sold (part)

Invesco All Cap Market Neutral (CPNYX) — Dividend — Buy

Invesco All Cap Market Neutral (CPNYX) — Buy

Schwab S&P 500 Selct Shs (SWPPX) — Dividend — Buy

First Eagle Overseas (SGOVX) — Dividend

Ishares MSCI ETF Emerging MKTS (EEMV) — Dividend

Powershares ETF S&P INTL (IDLV) — Dividend

SCHW Intl SCAP ETF (SCHC) — Dividend — Sold (part)

SPDR DJ Wilshire Intl Real Est (RWX) — Dividend

SPDR DJ Wilshire REIT (RWR) — Dividend — Sold

IPath DJ AIG Commodity Index (DJP) — None — Sold

DFA INTL Small Cap Value (DISVX) — Dividend

Lord Abbett Inflation Focused FD (LIFIX) — Dividend

Loomis Sayles Senior Flting Rate & Fixed (LSFYX) — Dividend — Buy (add'l)

Putnam Capital Spectrum FD CL Y (PVSYX) — Dividend

Harbor Capital Appreciation Instl (HACAX) — Dividend — Sold

Hartford Global Bond (HWDYX) — Dividend

Schwab Account — Int./Div.

Schwab Govt Money Fund — Int./Div.

First Eagle US Value (FEVAX) — Dividend

Fidelity ADV Emerging Mar (FMKAX) — Dividend

IShares MSCI (EEMV) — Dividend

DFA INTL Small Cap (DISVX) — Dividend

Royce Special Equity (RYSEX) — Dividend — Sold (part)

Royce Special Equity (RYSEX) — Sold

First Eagle Overseas (SGOVX) — Dividend

SPDR Nuveen Barclays (SHM) — Dividend — Sold (part)

Schwab S&P 500 Select (SWPPX) — Dividend

Templeton Global Bond Fund (TGBAX) — Dividend

SPDR INTL Government (WIP) — Dividend

MKT Vectors ETF (HYD) — Dividend

Goldman Sachs Small Mid Cap (GSMYX ) — Dividend

Lord Abbett Inflation (LIFIX) — Dividend

Loomis Sayles Senior (LSFYX) — Dividend

SPDR DJ Wilshire INTL Real Estate (RWX)) — Dividend — Sold

Putnam Capital Spectrum (PVSYX) — Dividend

SPDR DJ Wilshire REIT (RWR) — Dividend — Sold (part)

JP Morgan Tax Aware Income Opp (JTASX) — Dividend

Vanguard Interm Term Tax Exempt (VWIUX) — Dividend — Buy

Western Asset Macro Opportunities (LAOIX) — Dividend — Buy

Invesco All Cap Market Neutral (CPNYX) — Dividend — Buy

Member, Board of Directors of Roger Williams University School of Law

Manager and Member

Director, Rhode Island Bar Foundation

Director, Rhode Island Chapter of Federal Bar Association

Adjunct Professor, Roger Williams University School of Law

Income — 2015 — Roger Williams University School of Law (compensation for teaching) — $3,000.00

Spouse's income — 2015 — Citizens Bank (pension)

Spouse's income — 2015 — Bank of America (pension)

Part I:

Line 3: Please see the letter from the Committee on Codes of Conduct regarding the position listed on Line 3.

Part VII:

Line 5-11: This life insurance policy provides me with quarterly reports that show the cash value for the policy, the investment gain/loss for the policy and the

"unit value" and "units held" in each "account" listed on Lines 6-11. Each of the five accounts is 20% of the total. The statements provide no information about

the income earned in each account. I have reported the income for the policy based on the total "investment gain/loss" as it appears in the year-end statement. The

income for the underlying accounts is an estimate based on 20% of the total.

Line 7-8: The account listed on Line 7 (FID VIP Value) was "replaced" by the account (SFT "Pyramis" CEQ1) now listed on Line 8 at what appears from the

records to have been a $52.71 loss. This apparently occurred in May 2014, and I inadvertently failed to note the replacement on my 2014 disclosure.

Line 12: The asset listed on Line 12 is membership in an entity that has never made a distribution to its members.

; I use an estimate of the value of this use as"income."

Line 14: and I both have checking accounts at Sovereign. In prior reports, I had reported them together as a single account. Because it is more

accurate to report them as two separate accounts, I have broken them out on this report. To be clear, the account now listed separately on Line 14 has always been

included in my prior reports.

Line 15: This IRA is actually two accounts, one in my name and one in name, managed by the same person at Schwab.