TOWERS WATSON & CO

CUSIP: 891894107 Class: CL A

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

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

Q2 2015
Shares 26 Value ($000) $3 Avg Close — Range —
Q1 2015
Shares 106 Value ($000) $14 Avg Close — Range —
Q4 2014
Shares 32 Value ($000) $4 Avg Close — Range —
Q3 2014
Shares 27 Value ($000) $3 Avg Close — Range —
Q2 2014
Shares 72 Value ($000) $8 Avg Close — Range —
Q1 2014
Shares 985 Value ($000) $112 Avg Close — Range —
Q4 2013
Shares 985 Value ($000) $126 Avg Close — Range —