NORTHROP GRUMMAN CORP

Ticker: NOC CUSIP: 666807102 Class: COM

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q2 2014

Shares 2,000 Value ($000) $239 Avg Close $99.58 Range $95.46 - $103.59

Q1 2014

Shares 3,313 Value ($000) $408 Avg Close $97.12 Range $89.29 - $103.07

Q4 2013

Shares 3,313 Value ($000) $380 Avg Close $87.28 Range $75.26 - $95.04

Q3 2013

Shares 3,141 Value ($000) $299 Avg Close $74.87 Range $66.06 - $80.62

Q2 2013

Shares 3,141 Value ($000) $260 Avg Close $62.64 Range $55.45 - $68.16

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	2,000	$239	$99.58	$95.46 - $103.59
Q1 2014	3,313	$408	$97.12	$89.29 - $103.07
Q4 2013	3,313	$380	$87.28	$75.26 - $95.04
Q3 2013	3,141	$299	$74.87	$66.06 - $80.62
Q2 2013	3,141	$260	$62.64	$55.45 - $68.16