Robert N. Armen

Dominion Resources stock — Int/Div — Buy (add'l)

Dommion Resources stock — Int/Div — Buy (add'l)

AT&T stock — Int/Div

Marathon Oil Corporation stock — Int/Div

Marathon Petroleum Corporation stock — Int/Div

Glaxo-Smith-Klein stock — Int/Div

Prudential Financial Inc. stock — Int/Div

Amencan Electric Power stock — Int/Div

Walt Disney Company stock — Int/Div

Chevron Corporation stock — Int/Div

NRG Energy Inc. stock — Int/Div

Fromtier Communication Inc. stock — Int/Div

PPG Industries Inc. stock — Int/Div

PPL Corporation stock (fka PA Power & Light) — Int/Div

Talen Energy Corporation stock — Int/Div — from line 14)

Merck & Company stock — Int/Div

U.S. Steel Corporation stock — Int/Div

CenterPoint Energy Inc. stock — Int/Div

Verizon Communications Inc, stock — Int/Div

Comcast Corporation stock — Int/Div

Teco Energy Inc. stock — Int/Div

Exxon-Mobil Corporation stock — Int/Div

Roval Dutch Shell PLC stock — Int/Div — Buy

Apple Inc. stock — Int/Div

Dreyfus Municipal Bond Fund — Int/Div

Dreyfus Disciplined Stock Fund — Int/Div

Dreyfus GNMA Fund — Int/Div — Sold

Dreyfus Opportunistic Mid-Cap Value Fund — Int/Div — Buy

T. Rowe Price International Stock Fund — Int/Div

T. Rowe Price Capital Appreciation Fund — Int/Div

T. Rowe Price VA Tax-Free Bond Fund — Int/Div — Buy (add'l)

T. Rowe Price VA Tax-Free Bond Fund — Int/Div — Buy (add'l)

T. Rowe Price VA Tax-Free Bond Fund — Int/Div — Buy (add'l)

T. Rowe Price VA Tax-Free Bond Fund — Int/Div — Buy (add'l)

T. Rowe Price VA Tax-Free Bond Fund — Int/Div — Buy (add'l)

Vanguard Prime Money Market Fund — Interest

Vanguard Long-Term Municipal Bond Fund — Int/Div — Buy (add'l)

Vanguard International Growth Fund — Int/Div

Vanguard Index Fund - Small Cap Portfolio Fund — Int/Div

Third Avenue Value Fund — Int/Div — Sold

Mairs & Power Growth Fund — Int/Div

Columbia Value & Restructuring Fund — Int/Div — Buy (add'l)

Columbia Value & Restructuring Fund — Int/Div — Buy (add'l)

Columbia Tax-Exempt Fund — Int/Div

DWS Municipal Bond Fund — Int/Div

Delaware Health Care Fund — Int/Div

Fidelity Over-the-Counter Fund — Int/Div

Invesco Corporate Bond Fund — Int/Div — Sold

Capital One Bank — Interest

Senate Federal Credit Union — Interest

Bank of Scotland’ Halifax PLC — Interest

US. Government obligations — Interest

Bank of Lancaster — Interest

Raymond James Bank — Interest — Sold (part)

Raymond James Bank — Interest — Sold (part)

PNC Bank — Interest

Aberdeen Emerging Markets Fund — Int/Div

Morgan-Stanley Emerging Markets Fund (MSF) — Int/Div

Vanguard REIT Index Portfolio Fund — Int/Div

Vanguard Dividend Growth Fund — Int/Div

Vanguard Equity Income Fund — Int/Div

Vanguard 500 Index Fund — Int/Div

Vanguard Index Trust - European Stock Portfolio Fund — Int/Div

Vanguard Growth & Income Fund — Int/Div

Vanguard Balanced Index Fund — Int/Div

Vanguard GNMA Fund — Int/Div

Vanguard Long-Term Corporate Bond Fund — Int/Div

Vanguard Health Care Fund — Int/Div — Buy (add'l)

Vanguard Health Care Fund — Int/Div — Buy (add'l)

Vanguard Energy Fund — Int/Div — Buy (add'l)

Vanguard Diversified Equity Fund — Int/Div

Vanguard Balanced Index Fund — Int/Div

Vanguard High Dividend Yield Index Fund — Int/Div

Vanguard Mid-Cap Index Fund — Int/Div

Invesco Developing Markets Fund 1GTDDX) — Int/Div

Diversified Real Asset Inc. stock — Int/Div

Tecumseh Products Company (Class B) stock — Int/Div — Sold

DSP Group Inc. stock — Int/Div — Sold (part)

DSP Group Inc. stock — Int/Div — Sold

Goodrich Petroleum Corporation notes — Interest — Sold

Clayton Williams Energy Inc. notes — Interest — Sold

MVC Capital Inc. notes — Interest

Resolute Energy Corporation notes — Interest — Sold

Oxlord Lane Capital Corporation stock — Int/Div

Comstock Resources Inc. notes — Interest — Buy

Comstock Resources Inc. notes — Interest — Buy (add'l)

BPZ Resources Inc. notes — Interest — Sold (part)

Market Vectors Gold Miner ETF TR (GDX) — Int/Div

Aeropostale stock — Int/Div — Sold

Lai Sun Development Company Lid stock — Int/Div — Sold

Rosetta Stone Inc. stock — Int/Div — Sold

BPZ Resources Inc. stock — Int/Div — Sold

Seachange International Inc. stock — Int/Div — Sold

Sizmek Inc. stock — Int/Div — Sold

Covisint Corp. stock - buy — Int/Div — Buy (add'l)

Covisint Corp. stock - sell — Int/Div — Sold

Athabasca Oil Corp. stock — Int/Div — Sold

WCICMNTYS Com stock — Int/Div — Sold

Enernac Inc. stock — Int/Div — Sold

Sandstorm Gold Limited Com NEW stock — Int/Div — Sold

QEP Res Inc. stock — Int/Div — Sold

Paratek Pharmaceuticals Inc. - buy — Int/Div — Buy

Paratek Phasmaceuticals Inc. - sell — Int/Div — Sold

IBM stock - buy — Int/Div — Buy

IBM stock - sell — Int/Div — Sold

Roumell Opportunistic Value Fund Institutional Class N/L (RAMSX) — Int/Div — Buy

Vanguard Health Care Fund (see Part VIII) — Int/Div

Vanguard Long-Term Bond Index Fund (see Part VIII) — Int/Div

Vanguard Long-Term Tax-Exempt Fund (see Part VIII — Int/Div

Vanguard Prime Money-Market Fund (see Part VIII — Interest

AT&T stock (see Part VII) — Int/Div

Chevron Corporation. stock (see Part VIII) — Int/Div

Dominion Resources stock (see Part VID — Int/Div

PPL Corporation stock (fka PA Power & Light) (see Part VIIT) — Int/Div

Talen Energy Corportion stock (see Part VII — Int/Div — from line 114)

Roval Dutch Shell PLC stock (see Part VII) — Int/Div

Verizon Communications Inc. stock (see Part VIII) — Int/Div

Co-trustee (testamentary trust of family member (see Parts VIE & VII), testamentary trust created by a deceased family member

Part 1. "Positions":

Filer is co-trustee of a testamentary trust created by filer's step-mother for the principal benefit of step-mother’s surviving brother. Other co-trusee is filer's spouse.

Neither co-trustee is compensated, and neither trustee has any equitable interest whatsoever (remote, contingent, reversionary, or otherwise) in either the trust

corpus or the trust income. Trust assets are all either shares in mutual funds or stock in Fortune 500 companies, as per lines 107-117 of Part VII of this Report and

further explanation below.

Part VII. "Investments and Trusts":

Savings accounts and some mvestments automatically reinvest earnings, adding same to principal. Brokerage-relataed income is retained and remvested.

Assets in lines 107-117 are assets held by the trust that is referenced above and in Part 1 of this report.