FIDELITY D & D BANCORP INC

Ticker: FDBC CUSIP: 31609R100 Class: Common Stock

Cutler Capital Management, LLC's Holding History (CIK: 0001353098)

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

Q1 2018

Shares 7,234 Value ($000) $356 Avg Close $38.98 Range $35.31 - $41.64

Q4 2017

Shares 19,650 Value ($000) $811 Avg Close $30.98 Range $26.32 - $36.03

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	7,234	$356	$38.98	$35.31 - $41.64
Q4 2017	19,650	$811	$30.98	$26.32 - $36.03