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NED DAVIS RESEARCH
> PM
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2011 | Philip Morris International Inc. | PM | 25,796 | 19,996 | 1,722,420 | 1,397,500 | $66.77 |
| 09/30/2010 | Philip Morris International Inc. | PM | 5,800 | 5,800 | 324,920 | 324,920 | $56.02 |
| 12/31/2009 | Philip Morris International Inc. | PM | 0 | -37,800 | 0 | -1,842,370 | |
| 09/30/2009 | Philip Morris International Inc. | PM | 37,800 | 8,150 | 1,842,370 | 549,040 | $48.74 |
| 06/30/2009 | Philip Morris International Inc. | PM | 29,650 | 29,650 | 1,293,330 | 1,293,330 | $43.62 |
| 09/30/2008 | Philip Morris International Inc. | PM | 0 | -40,900 | 0 | -2,068,720 | |
| 03/31/2008 | Philip Morris International Inc. | PM | 40,900 | 40,900 | 2,068,720 | 2,068,720 | $50.58 |
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