INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Parkwood LLC's Holding History (CIK: 0001597823)

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

Q4 2014

Shares 2,303 Value ($000) $369 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 2,415 Value ($000) $458 Avg Close $114.33 Range $108.62 - $117.41

Q4 2013

Shares 1,041 Value ($000) $195 Avg Close $106.40 Range $101.46 - $111.01

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	2,303	$369	$100.47	$91.12 - $114.79
Q3 2014	2,415	$458	$114.33	$108.62 - $117.41
Q4 2013	1,041	$195	$106.40	$101.46 - $111.01