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DAVIDSON TRUST CO
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| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2012 | DOW CHEMICAL CO /DE/ | DOW | 73 | 73 | 3,000 | 3,000 | $41.10 |
| 12/31/2011 | DOW CHEMICAL CO /DE/ | DOW | 73 | 73 | 2,000 | 2,000 | $27.40 |
| 12/31/2008 | DOW CHEMICAL CO /DE/ | DOW | 0 | -8,871 | 0 | -282,000 | |
| 09/30/2008 | DOW CHEMICAL CO /DE/ | DOW | 8,871 | 0 | 282,000 | -27,000 | $31.79 |
| 06/30/2008 | DOW CHEMICAL CO /DE/ | DOW | 8,871 | 0 | 309,000 | -18,000 | $34.83 |
| 03/31/2008 | DOW CHEMICAL CO /DE/ | DOW | 14,742 | 7,371 | 592,000 | 301,000 | $40.16 |
| 12/31/2007 | DOW CHEMICAL CO /DE/ | DOW | 7,371 | 0 | 291,000 | -26,000 | $39.48 |
| 09/30/2007 | DOW CHEMICAL CO /DE/ | DOW | 7,371 | 0 | 317,000 | -9,000 | $43.01 |
| 06/30/2007 | DOW CHEMICAL CO /DE/ | DOW | 7,371 | 0 | 326,000 | -12,000 | $44.23 |
| 03/31/2007 | DOW CHEMICAL CO /DE/ | DOW | 7,371 | 0 | 338,000 | 44,000 | $45.86 |
| 12/31/2006 | DOW CHEMICAL CO /DE/ | DOW | 7,371 | 0 | 294,000 | 7,000 | $39.89 |
| 09/30/2006 | DOW CHEMICAL CO /DE/ | DOW | 7,371 | -165 | 287,000 | -7,000 | $38.94 |
| 06/30/2006 | DOW CHEMICAL CO /DE/ | DOW | 7,536 | 0 | 294,000 | -12,000 | $39.01 |
| 03/31/2006 | DOW CHEMICAL CO /DE/ | DOW | 7,536 | 7,536 | 306,000 | 306,000 | $40.61 |
| 03/31/2005 | DOW CHEMICAL CO /DE/ | DOW | 0 | -8,171 | 0 | -369,000 | |
| 09/30/2004 | DOW CHEMICAL CO /DE/ | DOW | 8,171 | 0 | 369,000 | 36,000 | $45.16 |
| 06/30/2004 | DOW CHEMICAL CO /DE/ | DOW | 8,171 | 0 | 333,000 | 4,000 | $40.75 |
| 03/31/2004 | DOW CHEMICAL CO /DE/ | DOW | 8,171 | 0 | 329,000 | -11,000 | $40.26 |
| 12/31/2003 | DOW CHEMICAL CO /DE/ | DOW | 8,171 | 0 | 340,000 | 74,000 | $41.61 |
| 09/30/2003 | DOW CHEMICAL CO /DE/ | DOW | 8,171 | -200 | 266,000 | 7,000 | $32.55 |
| 06/30/2003 | DOW CHEMICAL CO /DE/ | DOW | 8,371 | 8,371 | 259,000 | 259,000 | $30.94 |
| 03/31/2003 | DOW CHEMICAL CO /DE/ | DOW | 8,671 | 0 | 239,000 | -19,000 | $27.56 |
| 12/31/2002 | DOW CHEMICAL CO /DE/ | DOW | 8,671 | 0 | 258,000 | 21,000 | $29.75 |
| 09/30/2002 | DOW CHEMICAL CO /DE/ | DOW | 8,671 | 0 | 237,000 | -61,000 | $27.33 |
| 06/30/2002 | DOW CHEMICAL CO /DE/ | DOW | 8,671 | 0 | 298,000 | 14,000 | $34.37 |
| 03/31/2002 | DOW CHEMICAL CO /DE/ | DOW | 8,671 | 170 | 284,000 | -3,000 | $32.75 |
| 12/31/2001 | DOW CHEMICAL CO /DE/ | DOW | 8,501 | -100 | 287,000 | 5,000 | $33.76 |
| 09/30/2001 | DOW CHEMICAL CO /DE/ | DOW | 8,601 | -253 | 282,000 | -12,000 | $32.79 |
| 06/30/2001 | DOW CHEMICAL CO /DE/ | DOW | 8,854 | 0 | 294,000 | 14,000 | $33.21 |
| 03/31/2001 | DOW CHEMICAL CO /DE/ | DOW | 8,854 | -457 | 280,000 | -61,000 | $31.62 |
| 12/31/2000 | DOW CHEMICAL CO /DE/ | DOW | 9,311 | 940 | 341,000 | 132,000 | $36.62 |
| 09/30/2000 | DOW CHEMICAL CO /DE/ | DOW | 8,371 | -632 | 209,000 | -63,000 | $24.97 |
| 06/30/2000 | DOW CHEMICAL CO /DE/ | DOW | 9,003 | 6,002 | 272,000 | -70,000 | $30.21 |
| 03/31/2000 | DOW CHEMICAL CO /DE/ | DOW | 3,001 | 3,001 | 342,000 | 342,000 | $113.96 |
| 12/31/1999 | DOW CHEMICAL CO /DE/ | DOW | 3,001 | -300 | 401,000 | 26,000 | $133.62 |
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