US BANCORP DEL

Ticker: USB CUSIP: 902973304 Class: COM NEW

SeaBridge Investment Advisors LLC's Holding History (CIK: 0001304229)

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

Q1 2014

Shares 1,100 Value ($000) $47 Avg Close $27.34 Range $25.75 - $29.04

Q4 2013

Shares 1,100 Value ($000) $44 Avg Close $25.38 Range $23.60 - $27.00

Q3 2013

Shares 1,100 Value ($000) $40 Avg Close $24.34 Range $23.55 - $25.13

Q2 2013

Shares 1,100 Value ($000) $40 Avg Close $22.41 Range $20.89 - $23.92

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	1,100	$47	$27.34	$25.75 - $29.04
Q4 2013	1,100	$44	$25.38	$23.60 - $27.00
Q3 2013	1,100	$40	$24.34	$23.55 - $25.13
Q2 2013	1,100	$40	$22.41	$20.89 - $23.92