FRANKLIN RESOURCES INC

Ticker: BEN CUSIP: 354613101 Class: COM

DELPHI MANAGEMENT INC /MA/'s Holding History (CIK: 0000767684)

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

Q2 2015

Shares 169,640 Value ($000) $8,317 Avg Close $31.29 Range $29.78 - $32.18

Q1 2015

Shares 170,755 Value ($000) $8,763 Avg Close $32.28 Range $30.70 - $34.00

Q4 2014

Shares 161,205 Value ($000) $8,926 Avg Close $33.23 Range $29.53 - $35.73

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	169,640	$8,317	$31.29	$29.78 - $32.18
Q1 2015	170,755	$8,763	$32.28	$30.70 - $34.00
Q4 2014	161,205	$8,926	$33.23	$29.53 - $35.73