NOVARTIS AG

Ticker: NVS CUSIP: 66987V109 Class: SPONSORED ADR

Godshalk Welsh Capital Management, Inc.'s Holding History (CIK: 0001631775)

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

Q3 2015
Shares 1,850 Value ($000) $170 Avg Close — Range —
Q4 2014
Shares 1,850 Value ($000) $171 Avg Close — Range —