MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

KEMPNER CAPITAL MANAGEMENT INC.'s Holding History (CIK: 0000898399)

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

Q2 2014

Shares 18,335 Value ($000) $765 Avg Close $33.96 Range $32.19 - $35.60

Q1 2014

Shares 18,335 Value ($000) $752 Avg Close $31.26 Range $28.73 - $34.69

Q4 2013

Shares 36,865 Value ($000) $1,379 Avg Close $30.02 Range $27.01 - $32.34

Q3 2013

Shares 38,665 Value ($000) $1,287 Avg Close $27.00 Range $25.36 - $29.79

Q2 2013

Shares 38,665 Value ($000) $1,336 Avg Close $26.70 Range $22.82 - $29.26

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	18,335	$765	$33.96	$32.19 - $35.60
Q1 2014	18,335	$752	$31.26	$28.73 - $34.69
Q4 2013	36,865	$1,379	$30.02	$27.01 - $32.34
Q3 2013	38,665	$1,287	$27.00	$25.36 - $29.79
Q2 2013	38,665	$1,336	$26.70	$22.82 - $29.26