MERCK & CO INC

Ticker: MRK CUSIP: 58933Y105 Class: COM

Palisades Investment Partners, LLC's Holding History (CIK: 0001427373)

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

Q2 2014

Shares 10,600 Value ($000) $613,210,000 Avg Close $37.96 Range $36.06 - $39.67

Q1 2014

Shares 17,400 Value ($000) $987,798 Avg Close $35.76 Range $32.43 - $37.92

Q4 2013

Shares 17,400 Value ($000) $866 Avg Close $31.29 Range $29.09 - $32.94

Q3 2013

Shares 22,600 Value ($000) $1,076 Avg Close $30.97 Range $29.74 - $31.75

Q2 2013

Shares 22,600 Value ($000) $1,050 Avg Close $30.02 Range $28.02 - $32.11

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	10,600	$613,210,000	$37.96	$36.06 - $39.67
Q1 2014	17,400	$987,798	$35.76	$32.43 - $37.92
Q4 2013	17,400	$866	$31.29	$29.09 - $32.94
Q3 2013	22,600	$1,076	$30.97	$29.74 - $31.75
Q2 2013	22,600	$1,050	$30.02	$28.02 - $32.11