AUTOMATIC DATA PROCESSING

CUSIP: 53015103 Class: COMMON STOCK USD.1

Godshalk Welsh Capital Management, Inc.'s Holding History (CIK: 0001631775)

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

Q3 2016
Shares 11,750 Value ($000) $1,036 Avg Close — Range —
Q2 2016
Shares 11,622 Value ($000) $1,068 Avg Close — Range —
Q1 2016
Shares 12,072 Value ($000) $1,083 Avg Close — Range —
Q4 2015
Shares 12,072 Value ($000) $1,023 Avg Close — Range —
Q3 2015
Shares 12,072 Value ($000) $970 Avg Close — Range —
Q2 2015
Shares 12,222 Value ($000) $981 Avg Close — Range —
Q1 2015
Shares 12,622 Value ($000) $1,081 Avg Close — Range —
Q4 2014
Shares 12,722 Value ($000) $1,061 Avg Close — Range —