UNION PAC CORP

Ticker: UNP CUSIP: 907818108 Class: Common Stock

DELPHI MANAGEMENT INC /MA/'s Holding History (CIK: 0000767684)

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

Q3 2016

Shares 21,735 Value ($000) $2,120 Avg Close $75.95 Range $69.69 - $79.87

Q2 2016

Shares 21,767 Value ($000) $1,899 Avg Close $68.24 Range $62.21 - $73.04

Q1 2016

Shares 22,479 Value ($000) $1,788 Avg Close $61.97 Range $53.60 - $68.66

Q4 2015

Shares 21,335 Value ($000) $1,668 Avg Close $68.29 Range $59.78 - $78.05

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	21,735	$2,120	$75.95	$69.69 - $79.87
Q2 2016	21,767	$1,899	$68.24	$62.21 - $73.04
Q1 2016	22,479	$1,788	$61.97	$53.60 - $68.66
Q4 2015	21,335	$1,668	$68.29	$59.78 - $78.05