BAIDU INC

Ticker: BIDU CUSIP: 056752108 Class: SPON ADR REP A

Waverly Advisors, LLC's Holding History (CIK: 0001568787)

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

Q3 2014

Shares 69 Value ($000) $15 Avg Close — Range —

Q2 2014

Shares 69 Value ($000) $13 Avg Close — Range —

Q1 2014

Shares 69 Value ($000) $11 Avg Close — Range —

Q4 2013

Shares 179 Value ($000) $32 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	69	$15	—	—
Q2 2014	69	$13	—	—
Q1 2014	69	$11	—	—
Q4 2013	179	$32	—	—