MARRIOTT VACATIONS WORLDWIDE

Ticker: VAC CUSIP: 57164Y107 Class: Common Stock

SALEM INVESTMENT COUNSELORS INC's Holding History (CIK: 0000884423)

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

Q4 2016

Shares 39 Value ($000) $3 Avg Close $75.27 Range $59.33 - $89.97

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	39	$3	$75.27	$59.33 - $89.97