TELEFONICA S A

Ticker: TELFY CUSIP: 879382208 Class: SPONSORED ADR

STEPHENS INC /AR/'s Holding History (CIK: 0000757657)

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

Q4 2015
Shares 12,495 Value ($000) $138 Avg Close — Range —
Q3 2015
Shares 12,489 Value ($000) $150 Avg Close — Range —
Q2 2015
Shares 13,276 Value ($000) $189 Avg Close — Range —
Q1 2015
Shares 13,325 Value ($000) $191 Avg Close — Range —
Q2 2014
Shares 10,329 Value ($000) $177 Avg Close — Range —
Q1 2014
Shares 11,429 Value ($000) $180 Avg Close — Range —
Q4 2013
Shares 11,029 Value ($000) $180 Avg Close — Range —
Q3 2013
Shares 13,307 Value ($000) $206 Avg Close — Range —
Q2 2013
Shares 18,651 Value ($000) $239 Avg Close — Range —