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DAVIDSON TRUST CO
> DRYS
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2012 | DryShips Inc. | DRYS | 25,000 | -43,800 | 87,000 | -74,000 | $3.48 |
| 12/31/2011 | DryShips Inc. | DRYS | 25,000 | -43,800 | 50,000 | -111,000 | $2.00 |
| 09/30/2011 | DryShips Inc. | DRYS | 68,800 | 39,900 | 161,000 | 40,000 | $2.34 |
| 06/30/2011 | DryShips Inc. | DRYS | 28,900 | 6,250 | 121,000 | 9,000 | $4.19 |
| 03/31/2011 | DryShips Inc. | DRYS | 22,650 | 1,350 | 112,000 | -5,000 | $4.94 |
| 12/31/2010 | DryShips Inc. | DRYS | 21,300 | 10,550 | 117,000 | 65,000 | $5.49 |
| 09/30/2010 | DryShips Inc. | DRYS | 10,750 | 10,750 | 52,000 | 52,000 | $4.84 |
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