MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

ValueAct Holdings, L.P.'s Holding History (CIK: 0001418814)

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

Q4 2017
Shares 9,014,063 Value ($000) $771,062 Avg Close $75.26 Range $67.45 - $80.48
Q3 2017
Shares 9,013,474 Value ($000) $671,413 Avg Close $66.68 Range $61.92 - $69.52
Q2 2017
Shares 16,012,799 Value ($000) $1,103,762 Avg Close $62.32 Range $58.70 - $66.35
Q1 2017
Shares 23,012,089 Value ($000) $1,515,576 Avg Close $57.84 Range $55.73 - $59.91
Q4 2016
Shares 38,626,497 Value ($000) $2,400,251 Avg Close $53.94 Range $50.33 - $57.67
Q3 2016
Shares 38,624,678 Value ($000) $2,224,781 Avg Close $50.29 Range $44.75 - $52.45
Q2 2016
Shares 56,624,678 Value ($000) $2,897,485 Avg Close $45.98 Range $42.66 - $50.07
Q1 2016
Shares 56,623,770 Value ($000) $3,127,331 Avg Close $46.08 Range $42.20 - $49.07
Q4 2015
Shares 56,623,770 Value ($000) $3,141,487 Avg Close $45.92 Range $38.05 - $49.78
Q3 2015
Shares 75,273,091 Value ($000) $3,331,587 Avg Close $38.92 Range $34.55 - $41.83
Q2 2015
Shares 75,271,429 Value ($000) $3,323,234 Avg Close $39.29 Range $34.44 - $42.53
Q1 2015
Shares 75,271,429 Value ($000) $3,060,160 Avg Close $37.24 Range $34.29 - $40.84
Q4 2014
Shares 74,238,243 Value ($000) $3,448,366 Avg Close $39.88 Range $35.66 - $42.40
Q3 2014
Shares 74,237,469 Value ($000) $3,441,649 Avg Close $37.66 Range $34.56 - $40.29
Q2 2014
Shares 74,236,642 Value ($000) $3,095,668 Avg Close $33.96 Range $32.19 - $35.60
Q1 2014
Shares 71,285,530 Value ($000) $2,921,994 Avg Close $31.26 Range $28.73 - $34.69
Q4 2013
Shares 66,865,530 Value ($000) $2,501,439 Avg Close $30.02 Range $27.01 - $32.34
Q3 2013
Shares 66,865,530 Value ($000) $2,227,291 Avg Close $27.00 Range $25.36 - $29.79
Q2 2013
Shares 57,750,000 Value ($000) $1,994,108 Avg Close $26.70 Range $22.82 - $29.26