PHARMACEUTICAL HOLDRS

CUSIP: 71712A206 Class: EXCHANGE TRADED

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001005607)

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

Q3 2013
Shares 4,400 Value ($000) $210 Avg Close — Range —
Q2 2013
Shares 4,400 Value ($000) $200 Avg Close — Range —