ZEBRA TECHNOLOGIES CORPORATI

Ticker: ZBRA CUSIP: 989207105 Class: EQTY

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

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

Q2 2014

Shares 31,965 Value ($000) $2,631 Avg Close $73.00 Range $60.06 - $87.53

Q1 2014

Shares 35,628 Value ($000) $2,473 Avg Close $61.32 Range $52.61 - $72.76

Q4 2013

Shares 46,037 Value ($000) $2,490 Avg Close $50.14 Range $45.25 - $55.22

Q3 2013

Shares 44,856 Value ($000) $2,044 Avg Close $46.13 Range $43.42 - $49.38

Q2 2013

Shares 34,737 Value ($000) $1,509 Avg Close $45.53 Range $42.51 - $47.20

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	31,965	$2,631	$73.00	$60.06 - $87.53
Q1 2014	35,628	$2,473	$61.32	$52.61 - $72.76
Q4 2013	46,037	$2,490	$50.14	$45.25 - $55.22
Q3 2013	44,856	$2,044	$46.13	$43.42 - $49.38
Q2 2013	34,737	$1,509	$45.53	$42.51 - $47.20