INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Martin Investment Management, LLC's Holding History (CIK: 0001511888)

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

Q3 2014

Shares 33,637 Value ($000) $6,385 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 56,847 Value ($000) $10,305 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 57,265 Value ($000) $11,023 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 53,525 Value ($000) $10,040 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 50,645 Value ($000) $9,378 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 51,360 Value ($000) $9,815 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	33,637	$6,385	$114.33	$108.62 - $117.41
Q2 2014	56,847	$10,305	$112.28	$107.17 - $118.40
Q1 2014	57,265	$11,023	$109.22	$101.79 - $116.27
Q4 2013	53,525	$10,040	$106.40	$101.46 - $111.01
Q3 2013	50,645	$9,378	$111.55	$106.48 - $117.56
Q2 2013	51,360	$9,815	$118.94	$109.29 - $125.13