ROYAL DUTCH SHELL PLC

CUSIP: 780259206 Class: SPONS ADR A

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

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

Q1 2017
Shares 3,950 Value ($000) $208 Avg Close — Range —
Q4 2016
Shares 4,250 Value ($000) $231 Avg Close — Range —
Q3 2016
Shares 4,700 Value ($000) $235 Avg Close — Range —
Q2 2016
Shares 4,800 Value ($000) $265 Avg Close — Range —
Q1 2016
Shares 4,800 Value ($000) $233 Avg Close — Range —
Q4 2015
Shares 4,800 Value ($000) $220 Avg Close — Range —
Q3 2015
Shares 4,900 Value ($000) $232 Avg Close — Range —
Q2 2015
Shares 4,900 Value ($000) $279 Avg Close — Range —
Q1 2015
Shares 5,300 Value ($000) $316 Avg Close — Range —
Q4 2014
Shares 5,450 Value ($000) $365 Avg Close — Range —