INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

REAVES W H & CO INC's Holding History (CIK: 0000740913)

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

Q3 2014

Shares 1,700 Value ($000) $323 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 1,700 Value ($000) $308 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 1,700 Value ($000) $327 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 1,700 Value ($000) $319 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 1,850 Value ($000) $343 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 1,850 Value ($000) $354 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	1,700	$323	$114.33	$108.62 - $117.41
Q2 2014	1,700	$308	$112.28	$107.17 - $118.40
Q1 2014	1,700	$327	$109.22	$101.79 - $116.27
Q4 2013	1,700	$319	$106.40	$101.46 - $111.01
Q3 2013	1,850	$343	$111.55	$106.48 - $117.56
Q2 2013	1,850	$354	$118.94	$109.29 - $125.13