VALE S A

CUSIP: 91912e105 Class: COM

SHELTON CAPITAL MANAGEMENT's Holding History (CIK: 0001002784)

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

Q1 2017
Shares 41,505 Value ($000) $394 Avg Close — Range —
Q4 2016
Shares 41,505 Value ($000) $316 Avg Close — Range —
Q3 2016
Shares 41,505 Value ($000) $228 Avg Close — Range —