ARROW ELECTRS INC

Ticker: ARW CUSIP: 042735100 Class: COM

Baldwin Investment Management, LLC's Holding History (CIK: 0001346378)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 5,000 Value ($000) $277 Avg Close $60.32 Range $55.07 - $63.78

Q2 2014

Shares 5,000 Value ($000) $302 Avg Close $58.26 Range $53.78 - $61.20

Q1 2014

Shares 5,000 Value ($000) $297 Avg Close $54.43 Range $47.75 - $59.51

Q4 2013

Shares 5,000 Value ($000) $271 Avg Close $50.81 Range $46.78 - $54.53

Q3 2013

Shares 5,000 Value ($000) $243 Avg Close $45.83 Range $39.58 - $49.09

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	5,000	$277	$60.32	$55.07 - $63.78
Q2 2014	5,000	$302	$58.26	$53.78 - $61.20
Q1 2014	5,000	$297	$54.43	$47.75 - $59.51
Q4 2013	5,000	$271	$50.81	$46.78 - $54.53
Q3 2013	5,000	$243	$45.83	$39.58 - $49.09