VALE S A

CUSIP: 91912E204 Class: COM

D.A. DAVIDSON & CO.'s Holding History (CIK: 0001080107)

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

Q3 2014
Shares 1,563 Value ($000) $15 Avg Close — Range —
Q2 2014
Shares 1,546 Value ($000) $18 Avg Close — Range —
Q1 2014
Shares 1,372 Value ($000) $17 Avg Close — Range —