INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

WHITEBOX ADVISORS LLC's Holding History (CIK: 0001257391)

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

Q1 2014

Shares 9,329 Value ($000) $1,796 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 10,979 Value ($000) $2,059 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 6,790 Value ($000) $1,257 Avg Close $111.55 Range $106.48 - $117.56

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	9,329	$1,796	$109.22	$101.79 - $116.27
Q4 2013	10,979	$2,059	$106.40	$101.46 - $111.01
Q3 2013	6,790	$1,257	$111.55	$106.48 - $117.56