MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

DELPHI MANAGEMENT INC /MA/'s Holding History (CIK: 0000767684)

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

Q2 2013
Shares 75,458 Value ($000) $2,607 Avg Close $26.70 Range $22.82 - $29.26
Q1 2013
Shares 80,523 Value ($000) $2,303 Avg Close $22.38 Range $21.16 - $23.27