FERRARI N V

Ticker: RACE CUSIP: N3167Y103 Class: COM

Douglass Winthrop Advisors, LLC's Holding History (CIK: 0001308527)

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

Q3 2017

Shares 23,700 Value ($000) $2,619 Avg Close $106.53 Range $84.38 - $118.10

Q2 2017

Shares 23,700 Value ($000) $2,031 Avg Close $81.90 Range $69.59 - $91.94

Q1 2017

Shares 23,700 Value ($000) $1,768 Avg Close $64.96 Range $57.56 - $74.99

Q4 2016

Shares 23,700 Value ($000) $1,382 Avg Close $54.54 Range $50.39 - $58.86

Q3 2016

Shares 23,700 Value ($000) $1,231 Avg Close $46.58 Range $38.80 - $52.18

Q2 2016

Shares 19,400 Value ($000) $790 Avg Close $42.47 Range $38.71 - $46.55

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	23,700	$2,619	$106.53	$84.38 - $118.10
Q2 2017	23,700	$2,031	$81.90	$69.59 - $91.94
Q1 2017	23,700	$1,768	$64.96	$57.56 - $74.99
Q4 2016	23,700	$1,382	$54.54	$50.39 - $58.86
Q3 2016	23,700	$1,231	$46.58	$38.80 - $52.18
Q2 2016	19,400	$790	$42.47	$38.71 - $46.55