BAXALTA INC

CUSIP: 07177M103 Class: COM

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

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

Q1 2016
Shares 442,726 Value ($000) $17,886 Avg Close — Range —
Q4 2015
Shares 446,014 Value ($000) $17,408 Avg Close — Range —
Q3 2015
Shares 463,211 Value ($000) $14,596 Avg Close — Range —