Thomas Lamson Ludington

Chemical Bank & Trust checking & savings — Interest

Dow Chemical Employees Credit Union — Interest

TD Ameritrade Money Market — Interest

Merrill Lynch Money Market — Interest

Amgen Stock — Int/Div

Covance Stock — None

Blackroot Global Stock — Int/Div

IBM Stock — Int/Div

Quest Diagnostics Stock — Int/Div

Petosky MI Condo — None

Am Cent Real Est {Dow Savings Plan)KKL MK — Int

Fidelity Contrafund(Dow Savings Plan)KKL 401K — Int/Div

Fidelity Diversified Intl (Dow Savings Plan) KKL 401K — None

ACWI Ex US IMI NL (Dow Savings Plan) KKL — None

Interest Income Fund (Dow Savings Plan) KKL 401K — Ine

Vanguard Convertible See (Dow Savings Plan) KKL 401K — Int/Div

Vanguard Global Equity (Dow Savings Plan) KKL 401K — Int/Div

SSga Stable Value-State of Michigan 457 Plan (TLL) — None

PIMCO Total Return-State of Michigan 457 (TLL) — None

Dodge & Cox Stock State of Michigan 457 Plan (TLL) — None

SSga Stable Value State of Michigan 401K Plan (TLL) — None

PIMCO Total Return State of M1 401K plan (TLL) — None

Ouakmark Equity & Income Fund-St of MI J01K (TLL) — None

MFS Total Return-St of M1 401K Plan (TLL) — None — with line 25)

Rainier Large Cap Growth-St of M1 401K — None

T Rowe Price Mid Cap Value-St of M1 AIK (TLL) — None

Dodge & Cox Stock-St of MI 401K (TLL) — None

Ridge Worth Funds-St of M1 401K (TLL) — None

American Funds Europacific Gr-St of MI JK (TLL) — None

NB Genesis-Inst (Dow Savings Plan) KKL — Int/Div

Pim Co Real (Dow Savings Plan) KKL — Int/Div

TRP Is Mid Cap (Dow Savings Plan) KKL {Y) — Int

Small Cap Index Fund {DowSavings) KKL iY — None

Schwab Money Market — Interest — Closed

Anchor Life Policy — None

Trust Mark Life Policy (TLL) — None

Indianapolis Life Policy — None

Apple Inc — Int/Div — Sold (part)

Apple Inc — None — Sold (part)

Hennessy Gas Utilities Index Fund — Int/Div — Sold (part)

Fidelity Select Portfolio Fund — Int/Div

First Eagle Overseas A Fund — Int/Div

Church & Dwight — Int/Div — Sold (part)

Dollar Tree Stores Inc — None

Abbott Labs — Int/Div — Sold

Buffalo Wild Wings — None

ING Global Natural Resources — Int/Div

MFS Unlities Fund — Int/Div — Sold (part)

Rovee Low Priced Stock Fund — None — Sold

Columbia Seligman — None — Sold (part)

Columbia Seligman — None — Sold

Vanguard Energy Fund A — Int/Div

Janus Overseas Inv Fund — None — Sold

MSC Canada Index — Int/Div — Buy (add'l)

Metro Inc Class A — Int/Div — Sold (part)

General Mills — Int/Div — Sold

Proctor & Gamble — Int/Div — Sold

Ross Stores — Int/Div — Sold (part)

Ross Stores — None — Buy (add'l)

Yacktman Fund — Int/Div — Sold (part)

SPDR DJ Intl Real Estate ETF — Int/Div — Buy

MFS Intl New Discovery A Fund — Int/Div — Sold (part)

T Price Media & Tele — Int/Div — Sold (part)

Tim Horton's — Int/Div — Buy

Alexanders — Int/Div — Sold

ATCO Ltd Class — Interest — Sold (part)

Bank of Nova Scotia — Int/Div

Harms Cap PFD — Int/Div

Permian Basin Rovalty Trust — Int/Div — Sold (part)

Permian Basin Rovalty Trust — None — Sold (part)

Permian Basin Rovalty Trust — None — Sold

Sabine Rovalty Trust — Int/Div — Sold

Alliance Resource Partners — Int/Div — Sold (part)

Magellan Midsteam — Int/Div — Sold (part)

Magellan Midsteam — None — Sold (part)

Magellan Midsteam — None — Sold

National Health Investors — Int/Div — Sold (part)

National Health Investors — None — Sold (part)

Sunoco Logistics Partners — Int/Div — Sold (part)

Sunoco Logistics Partners — None — Sold (part)

Sunoco Logistics Partners — None — Buy (add'l)

C&S Realty Fund — Int/Div — Sold (part)

C&S Realty Fund — None — Sold (part)

Alenan Infrastructure — Int/Div — Sold (part)

El Paso Pipeline — Int/Div — Sold (part)

Spectra Energy Partners — Int/Div — Sold (part)

Spectra Energy Partners — None — Sold (part)

Spectra Energy Partners — None — Sold

Transmontaigne Partners — Int/Div — Sold (part)

Transmontaigne Partners — None — Sold (part)

Rayonier Inc — Int/Div — Sold (part)

SL Green Realty — Int/Div

Thomburg Intl Value — Int/Div — Sold (part)

Thomburg Intl Value — None — Sold

Aflac — Int/Div — Buy

Deere & Co — Int/Div — Buy

Deere & Co — None — Sold (part)

PowerShares Pharma ETF — Int/Div — Buy

PowerShares QQQ ETF — Int/Div — Buy

SPDR S&P Homebuilders ETF — None — Buy

TAL Intemational — None — Buy

Westcore Intl Sm Cap Fund — Int/Div — Buy

BP Prudhoe Bay Royalty Trust — Int/Div — Buy

Continental Resources — None — Buy

Pioneer SouthWest Partners — Int/Div — Buy

Pioneer SouthWest Partners — None — Buy (add'l)

Enterprise Products Partners — None — Buy

Plains All American Pipeline — None — Buy

Simon Property Group — Int/Div — Buy

Cummins Inc — Int/Div — Buy

Cummins Inc — None — Sold

Andrews Co, TX 8/15/18 — Interest

Berkshire Hathaway 8/15/13 — Interest

Camden NJ Bond 1/15/15 — Interest

Capital One Bank CD 12/19/14 — Interest

Caterpillar Finance 5/15/13 — Interest

Caterpillar Finance 7/15/12 — Interest — Matured

Cary, IL Semi 11/01/2013 — Interest

Cook Co, IL 12/01/2013 — None

GE Capital Corp 11/14/14 — Interest

John Hancock 02/12/12 — Interest — Matured

Lehman Bond Escrow 01/18/12 — None — Matured

John Hancock 11/15/15 — Interest

Lewis County WA 12/1/14 — Interest

Mishawaka, IN 3/1/15 — None

New York St Bond 3/15/18 — Interest

Palatine. lL Bond 12/1/14 — Interest

HSBC Bond 7/15/12 — Interest — Matured

HSBC Bond 7/15/12 — Interest — Matured

Indiana Bond Bank 7/15/15 — Interest

Davis Co, UT Semi 6/1/12 — Interest — Matured

Capmark Bank CD 7/23/12 — Interest

Citizens Bank CD 12/28/12 — Interest — Matured

Discover Bank CD 9/24/13 — Interest

GE Cap Finance CD 9/18/12 — Interest — Matured

GE Money Bank CD 11/2012 — Interest — Matured

Goldman Sachs CD 11/19/13 — Interest

Goldman Sachs CD 12/17/13 — Interest

Wachovia Bank CD 9/30/13 — Interest

Barclay Bank Bond 9/22/16 — Interest

Barclay Bank Bond 7/10/14 — Interest

GE Cap Finance CD 10/16/12 — Interest — Matured

Paragon Com Bank CD 12/15/14 — Interest

Syracuse NY Bond 10/15/14 — Interest

Goldman Sachs Semi 10/1/16 — Interest

Goldman Sachs Semi 10/1/14 — Interest

John Hancock Semi 9/15/16 — Interest

Avalon BayCommunities — Int/Div — Sold (part)

Oregon State Bond 6/1/12 — Interest — Matured

Pepsico Bond Maty 4/1/12 — Interest — Matured

JP Morgan Chase 6/27/17 — Interest

JP Morgan Chase 3/1/16 — Interest

Metlife Inc Sem 6/1/16 — Interest

Michigan Financial Authority 11/1/16 — Interest

Phoenix, AZ 7/1/16 — Interest

Westpac Banking Co Bond 12/9/15 — Interest

GE Money Bank CD 9/11/17 — None — Buy

GE Money Bank CD 7/24/17 — None — Buy

Goldman Sachs CD 8/22/17 — None — Buy

Deutsche Bank Bond 9/1/17 — Interest — Buy

JP Morgan Chase 7/5/16 — Interest — Buy

Mars, PA 03/01/16 — Interest — Buy

McGraw-Hill 11/15/17 — None — Buy

NY Transit 11/15/16 — Interest — Buy

Soc Gen 1¥1217 — None — Buy

GE Cap Corp 7/15/17 — Interest — Buy

Goldman Sachs 9/1/12 — Interest — Buy

VF Corp Bond semi 11/01/17 — None — Buy

Chemcial Bank Savings (FBO#1) — Interest

Federated Balance (CFC) (FBO#1) — Int/Div

MI Ed Savings Plan Moderate Age-Based Opt 1 8(FBO#1 No Control — None

MI Ed Savings Plan 100% Equity Opt (FBO#1iNo Control — None

TD Ameritrade Money Market (FBO #1) — Interest — Open

Schwab Money Market (FBO#1) — Interest — Closed

Columbia Seligman Comm & Info (FBO#1) — Int/Div — Sold

ING Global Nat Res Fund (FBO#1) — Int/Div

MFS Utlities Fund (FBO#1) — Int/Div — Sold (part)

Rovee Low-Priced Stock (FBO#1) — None — Sold

Vanguard Energy Fund (FBO#1) — Int/Div — Buy (add'l)

Vanguard Energy Fund (FBO#1) — None — Buy (add'l)

First Eagle Overseas A Fund (FBO#1) — Int/Div — Buy (add'l)

Janus Overseas Inv Fund (FBO#1) — None — Sold

MFS Intl New Disc A Fund (FBO) — Int/Div — Buy (add'l)

Morgan Stanley Ins Intl Real Estate (FBO#1) — Int/Div — Sold

T Price Media & Tele Fund (FBO#1) — Int/Div

Yacktman Fund (FBO #1) — Int/Div — Buy (add'l)

ATCO Lid Class (FBO!) — Int/Div — Sold (part)

Canadian Nat Rese (FBO#1) — Int/Div — Sold

Metro Inc Class A (FBO#1) — Int/Div

MSC Canada Index Fund (FBO#1) — Int/Div — Buy (add'l)

Sabine Rovalty Trust (FBO!) — Int/Div — Sold

Magellan Midstream (FBO#1) — Int/Div — Sold (part)

Sunoco Logistics Partners (FBO#1) — Int/Div — Buy (add'l)

Sunoco Logistics Partners (FBO#1) — None — Sold (part)

Sunoco Logistics Partners (FBO#1) — None — Sold (part)

C&S Realty Fund (FBO#1) — Int/Div

Avalon Bay Comm Inc (FBO#1) — Int/Div

Firstbank PR Mthly 7/11/13 (FBO#1) — Interest

St Bank of India. NY CD 9/26/12 (FBO#1) — Interest — Matured

Wachovia Bank. semi 8/15/13 (FBO#1) — Interest

Ft Walton Def, Maty 6/15/12 (FBO#1) — None — Matured

GE Cap Corp, semi 8/15/15, (FBO#1) — Interest

Goldman Sachs 10/15/15 (FBO#1) — Interest

Marlboro Twp NJ semi 12/1/13 (FBO#1) — Interest

MI Ed Saves Plan Moderate Age-Based Opt 12-14FBO#2No Control — None

MI Ed Savings Plan 100% Equity Opt (FBO#2 No control — None

Phoenix, AZ maty 7/1/14 (FBO#1) — None

Superior, WI semi 3/1/14 (FBO#1) — Interest

Westpac Banking Co, semi 12/9/15 (FBO#1) — Int/Div

Harns Cap (FBO#Z1) — Int/Div

Goldman Sachs CD 8/22/17 (FBO #1) — None — Buy

N Wasco Co. OR 12/1116 (FBO £1) — None — Buy

Aflac (FBO#1) — Int/Div — Buy

Aflac (FBO#1) — None — Sold (part)

Deere & Co (FBO #1) — Int/Div — Buy

Deere & Co (FBO #1) — None — Sold (part)

PowerShares Pharma ETF (FBO #1) — Int/Div — Buy

PowerShares QQQ ETF (FBO #1) — Int/Div — Buy

Ross Stores Inc (FBO #1) — Int/Div — Buy

SPDR S&P HomeB ETF (FBO#1) — None — Buy

TAL International (FBO 21) — None — Buy

SPDR DJ Int] Real Est ETF (FBO #1) — Int/Div — Buy

Westcore Intl Small Cap Fund (FBO #1) — Int/Div — Buy

Tim Hortons (FBO #1) — Int/Div — Buy

Continental Resources (FBO #1) — None — Buy

Pioneer Southwest Partners (FBO 21) — Int/Div — Buy

Chemical Bank Savings (FBO#2) — None

Schwab Money Market Fund (FBO#2) — Interest

Abbott Labs (FBO#2) — Int/Div — Sold

Apple Inc (FBO#2) — Int/Div — Sold (part)

Buffalo Wild Wings Inc (FBO#2) — None — Sold (part)

General Mills Inc (FBO#2) — Int/Div — Sold

ING Global Natural Rese Fund (FBO#2) — Int/Div

MFS Unlities Fund (FBO#2) — Int/Div

Ross Stores Inc (FBO#2) — Int/Div — Sold (part)

Ross Stores Inc (FBO#2) — None — put)

Royce Low Priced Stock Fund (FBO#2) — None — Sold

Vanguard Energy Fund (FBO#2) — Int/Div

Yacktman Fund (FBO#2) — Int/Div

First Eagle Oversea A Fund (FBO#2) — Int/Div

Janus Overseas Inv Fund (FBO=2) — None — Sold

MFS Intl New Disc A Fund (FBO#=2) — Int/Div

SPDR DJ Intl Real Estate (FBO#2) — Int/Div — Buy (add'l)

T Price Media & Tele Fund (FBO#2) — Int/Div

ATCO Lid Class (FBO#2) — Int/Div — Sold (part)

Metro Inc A (FBO22) — Int/Div — Sold

MSCI Canada Index (FBO#22) — Int/Div

Sabine Rovalty Trust (FBO#2) — Int/Div — Buy (add'l)

Sabine Rovalty Trust (FBO#2) — None — Sold

Alerian Infrastructure Fund (FBO#2) — Int/Div — Buy (add'l)

C&S Realty Fund (FBO#2) — Int/Div — Buy (add'l)

Capital One CD 9/4/12 (FBO#2) — Interest — Matured

GE Money Bank CD 10/19/13 (FBO%2) — Interest

Blount Co, TN. semi 6/1/15 (FBO#2) — Interest

Boston. MA semi 1/1/14 (FBO#2) — Interest

Dallas TX maty 2/15/16 (FBO#2) — None

GE Cap Corp, semi 10/20/16 (FBO#2) — Interest

JP Morgan 6/1/14 (FBO#2) — Interest

Westpac Banking Co 12/9/15 (FBO«=2) — Interest

Aflac Inc (FBO £2) — Int/Div — Buy

Dollar Tree Stores (FBO #2) — None — Buy

PowerShares Pharma ETF (FBO #2) — Int/Div — Buy

PowerShares QQQ ETF (FBO 22) — Int/Div — Buy

SPDR S&P HomeB ETF (FBO £2) — Int/Div — Buy

TAL Intemational (FBO #2) — None — Buy

Westcore Intl Sm Cp Fund (FBO #2) — Int/Div — Buy

Cummins (FBO #2) — Int/Div — Buy

Cummins (FBO #2) — None — Sold

Tim Hortons (FBO #2) — Int/Div — Buy

Continental Resources (FBO #2) — None — Buy

Pioneer SW Partners (FBO #2) — Int/Div — Buy

East Whiteland. PA 9/1/17 (FBO #2) — Interest — Buy

Goldman Sachs 9/1/17 (FBO £2) — Interest — Buy

N Wasco Co, OR 12/116 (FBO £2) — Interest — Buy

Chemical Bank Cust AGY — Int/Div

Adnan MI City School Dist Bond 5/1/19 — Interest

Clark Caty Nev Arpt Bond 7/1/2020 — Interest

Detriot, MI Bond $/1/16 — Interest

Fenmville. MI School Bond 5/1/2020 — Interest

Fidelity Inter Muni Inc Fd 2036 — Interest

Fitzgerald M1 School Bond 5/1/18 — None

Grosse lle Twp MI School Bond 5/1/2021 — None

Mlinois ST Agm Bond 1/1/2021 — None

Kalamazoo MI School Bond 5/1/2020 — None

Madison M1 School Bond 5/1/17 — None

MI ST Hosp Fin Bond 7/15/2021 — None

Nuveen MI Mum Bd A — Interest — Matured

Orchard View MI School Bond 5/1/2013 — None

Romulus MI Tax Increment Fin Bond 11/1718 — None

Roval Oak MI Hosp Fin Bond 11/15/2031 — Interest — Matured

Saginaw VyST Univ MI Bond 7/1/17 — None

Sagnaw Vy ST Umiv Mich Rev Bond 7/1/18 — None

Spring Tex Indpt School Bond 8/15/18 — None

Warren Mich Bond 10/1/16 — None

Washtenaw Cnty M1 Bond 7/1/16 — None

Waverly Mich Cmmty School Bond 5/1/18 — None

Agilent Tech Inc — Int/Div

Apache Corp — Int/Div — Sold

Apple Inc — Int/Div

Bankamerica Corp New Com N/A — None — Sold

Bristol-Myers Squibb Co — Int/Div — Buy (add'l)

Bristol-Myers Squibb Co — None — Buy (add'l)

Capital World Gwth & Inc CI A 233 — None — Sold

Caterpillar Tractor Co — Int/Div

Celgene Corp Com — None

Conocophillips — Int/Div — Buy (add'l)

Conocophillips — None — Buy (add'l)

Conocophillips — None — Buy (add'l)

Corning Inc — None — Sold

DWS Dreman Small Cap Value CI 1 — Int/Div

Dow Chemical Co — Int/Div — Sold

DuPont Ei De Nemours Co — Int/Div

Energizer Hldgs Inc — Int/Div

Exxon Mobil Corp — Int/Div

Ford Motor Co — Int/Div — Buy (add'l)

Ford Motor Co — None — Buy (add'l)

Hewlett Packard Co — Int/Div — Sold

Intel Corp — Int/Div — Buy (add'l)

International Business Machs Corp — Int/Div

Medco Health Solutions Inc — None — Sold

Schlumberger Ltd — Int/Div — Buy (add'l)

Schlumberger Ltd — None — Buy (add'l)

Schlumberger Ltd — None — Buy (add'l)

Sunoco Inc — None — Sold

Walgreen Co — Int/Div — Buy (add'l)

Walgreen Co — None — Buy (add'l)

Zimmer Hides — None — Sold

Aflac Inc — Int/Div — Buy

Aflac Inc — None — Buy (add'l)

Aetna US Healthcare Inc — Int/Div — Buy

Aetna US Healthcare Inc — None — Buy (add'l)

Aetna US Healthcare Inc — None — Buy (add'l)

Boston Properties Inc — Int/Div — Buy

RE¥S — None — Buy (add'l)

Chemical Financial Corp — Int/Div

Clorox Co — Int/Div — Buy

Clorox Co — None — Buy (add'l)

Coach Inc — None — Buy

Fidelity M1 Muni Income Fund 2081 — Interest — Buy

Hep Ine Com — Int/Div — Buy

R¥3] — None — Buy (add'l)

Harbor Intl Fund £11 — Int/Div — Buy

Hemz HJ) Co — Int/Div — Buy

Hemz HJ) Co — None — Buy (add'l)

Johnson & Johnson — Int/Div — Buy

Adb6 — None — Buy (add'l)

Kinder Morgan Energy Partners LP — Int/Div — Buy

RETH — None — Buy (add'l)

McDonalds Corp — Int/Div — Buy

McDonalds Corp — None — Buy (add'l)

McDonalds Corp — None — Buy (add'l)

National Oilwell Varco — Int/Div — Buy

National Oilwell Varco — None — Buy (add'l)

National Oilwell Varco — None — Buy (add'l)

Nextera Energy Inc — Int/Div — Buy

Nextera Energy Inc — None — Buy (add'l)

Oppenhemmer Intl Growth Fund — Int/Div — Buy

PG & E Comp — Int/Div — Buy

PG & E Comp — None — Buy (add'l)

PG & E Comp — None — Buy (add'l)

Pepsi Co — Int/Div — Buy

Pepsi Co — None — Buy (add'l)

Phillips 66 — Int/Div — from line 306)

Prudential Financial — Int/Div — Buy

Prudential Financial — None — Buy (add'l)

Qualcomm Incorporated — Int/Div — Buy

SPDR Gold Shares ETF — None — Buy

SPDR Gold Shares ETF — None — Buy (add'l)

SPDR Gold Shares ETF — None — Buy (add'l)

SPDR Gold Shares ETF — None — Buy (add'l)

Suncoke Energy Inc — None — from line 324)

Chemical Bank Trust AGY — Interest — Open

Adnan MI City School Dist Bond 5/1/19 (X) — Interest

Clark Cnty Nev Arpt Bond 7/1/20 (X) — Interest

Detroit, MI Bond 5/1/16 (X) — Interest

Fenmville. M1 School Bond 5/1/20 (X) — Interest

Fidelity Inter Muni Inc Fund #2036 (X) — Interest

Fidelity M1 Muni Inc Fund 2081 (X) — Int/Div

Fitzgerald M1 School Bond 5/1/18 (X) — None

Grosse lle Twp MI School Bond 5/1/21 (X) — None

Minois ST Agm Bond 1/1/21 (X) — None

Kalamazoo MI School Bond $/1/20(X) — None

Madison M1 School Bond 5/1/17 (X) — None

MIST Hosp Fin Bond 7/15/21 (X) — None

Orchard View MI School Bond 5/1/13 (X) — None

Romulus MI Tax Increment Fin! 1/1/18 (X) — None

Saginaw VyST Univ MI Bond 7/1/17 (X) — None

Saginaw VyST Univ MI Bond 7/1/18 (X) — None

Spring Tex Indpt School 8/15/18 (X) — None

Warren Mich Bond 10/1/16 (X) — None

Washtenaw Cnty M1 Bond 7/1/16 (X) — None

Waverly Mich Canty School BondS/1/18 (X) — None

1nnft Savings Plan — None

Director, R. M. Gerstacker Foundation

Trustee, Albion College

President & Director, Ludington Family Foundation

Agreement — 11/3/2003 — Michigan Judges Retirement Services

Income — 2012 — Federal Court Salary — $165.551.43

AR

AALFAIE RR RAFAL NAAR RANE AECL RL AAA AAA AAY BAL NAA EL BAL YT {He

a) repos)

Deleted all assets from 2011 report that had been sold or matured

Lines 13 & 14) No buy or sell; Dow Savings Plan exchanged Fidelity Diversified Intl for a comparable fund named ACWI Ex US IMI NL

(Lines 24 & 25) No buy or sell; State of MI 401(k) MFS Total Return was exchanged for a comparable fund named Rainier Large Cap Growth,

Oukmark Equity & Income Fund (line 26 of the 2011 report) was included in error and subsequently removed.

(Line 40) FBR Gas Utilities Index Fund changed its name to Hennessey Gus Utilities Index Fund.

(Line 47) ING Global Natural Resources was coded incorrectly in 2011's report, "K" should have been reported as value code.

(Line 61) Name of ETF was incorrect in 2011 report. Changed from SPDR DJ Intl Resources to SPDR DJ Intl Real Estate.

(Line 69) Name of stock was incorrect in 201 | report. Changed from Permian Basin Royalties to Permian Basin Royalty Trust,

. (Line 122) Lehman Brothers Bond Escrow is still held, A small amount of principle was retumed, with the possibility of future repayment of principle.

10. (Line 151) Maturity date of JP Morgan Chase was incorrect in the 2011 report. Corrected from JP Morgan Chase 7/5/16 to JP Morgan Chase 6/27/17.

11. (Line 147) John Hancock Semi 9/15/16 was reported twice in the 2011 report. Removed the duplicate.

12. (Line 198) First Bank PR monthly was reported twice in the 2011 report. Removed the duplicate

Trust AGY were

13. (Lines 372-392) The Chemical Bank

Trust AGY was opened 10/30/12. Assets from the Chemical Bank

transferred to

trust.