WELLS FARGO GLOBAL DIVIDEND

CUSIP: 94987c103 Class: EXCHANGE TRADED PRODUCT

Zuckerman Investment Group, LLC's Holding History (CIK: 0001423296)

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

Q3 2016
Shares 75,650 Value ($000) $440 Avg Close — Range —
Q2 2016
Shares 75,650 Value ($000) $452 Avg Close — Range —