UNIVERSAL DISPLAY CORP

Ticker: OLED CUSIP: 91347P105 Class: Common Stock

ARCADIA INVESTMENT MANAGEMENT CORP/MI's Holding History (CIK: 0001016972)

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

Q3 2016

Shares 32 Value ($000) $2 Avg Close $60.03 Range $47.95 - $70.46

Q2 2016

Shares 32 Value ($000) $2 Avg Close $58.21 Range $49.14 - $67.68

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	32	$2	$60.03	$47.95 - $70.46
Q2 2016	32	$2	$58.21	$49.14 - $67.68