UNITED TECHNOLOGIES CORP

CUSIP: 913017117 Class: CMN

Cutler Capital Management, LLC's Holding History (CIK: 0001353098)

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

Q3 2013
Shares 11,825 Value ($000) $766 Avg Close — Range —
Q2 2013
Shares 11,975 Value ($000) $711 Avg Close — Range —