INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

PECAUT & CO.'s Holding History (CIK: 0001597200)

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

Q1 2014

Shares 8,820 Value ($000) $1,698 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 8,920 Value ($000) $1,673 Avg Close $106.40 Range $101.46 - $111.01

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	8,820	$1,698	$109.22	$101.79 - $116.27
Q4 2013	8,920	$1,673	$106.40	$101.46 - $111.01