MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

Smead Capital Management, Inc.'s Holding History (CIK: 0001427008)

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

Q2 2015

Shares 360,360 Value ($000) $15,910 Avg Close $39.29 Range $34.44 - $42.53

Q1 2015

Shares 322,328 Value ($000) $13,104 Avg Close $37.24 Range $34.29 - $40.84

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	360,360	$15,910	$39.29	$34.44 - $42.53
Q1 2015	322,328	$13,104	$37.24	$34.29 - $40.84