AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Saratoga Research & Investment Management's Holding History (CIK: 0001477872)

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

Q1 2016
Shares 123,430 Value ($000) $11,073 Avg Close $67.69 Range $61.81 - $73.03
Q4 2015
Shares 132,440 Value ($000) $11,220 Avg Close $69.13 Range $63.10 - $72.67
Q3 2015
Shares 140,707 Value ($000) $11,307 Avg Close $63.87 Range $51.20 - $67.86
Q2 2015
Shares 148,693 Value ($000) $11,930 Avg Close $67.60 Range $63.55 - $69.99
Q4 2014
Shares 179,313 Value ($000) $14,949 Avg Close $63.52 Range $55.18 - $68.07
Q3 2014
Shares 185,428 Value ($000) $15,405 Avg Close $56.27 Range $54.11 - $58.19
Q2 2014
Shares 205,177 Value ($000) $16,266 Avg Close $52.86 Range $49.83 - $54.58
Q1 2014
Shares 218,476 Value ($000) $16,879 Avg Close $52.44 Range $48.53 - $56.01
Q4 2013
Shares 234,896 Value ($000) $18,979 Avg Close $51.46 Range $46.89 - $56.22
Q3 2013
Shares 469,444 Value ($000) $33,978 Avg Close $48.32 Range $45.84 - $50.27