Michael M Baylson Financial Disclosure Report for 2010

8/3/2019 Michael M Baylson Financial Disclosure Report for 2010

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FINANCL~ DISCLOSURE REPORTF O R C A L E N D A R Y E A R 2 0 10

Report R~qu tred by the Ethi~i n Government Act o i l078 ( 5 U . 8 . ~ . app. I01-I l l)

12person Report ing Oust hum% i i rst, middle In i t ia l )Baylson, Michael M .

4. Tiff. (Arffele I I ! judg~ IndiCate act ive or senior$tntu~;magistmtcjudg~s Ind l~te full- or part-timc)U.8. Distr ic t Judgo - activv

7. Ch amber s o r Ofll~ Ad d r ~ s3810 U.S, Courthouse60 1 M ar ke t S t r ee tPhi l a de l ph i a , PA 19106

2. Cout~ or O rganizationU.S.D.C. Eastern Dist . Of Pa.

Sa. Report~ype (check appropriate type)] Nomination, Date[] Initial I 1 Annual [] Final5b. [] Amended Report

On the basis of the information contained in this Report and anymodifications pertaining thereto, It is, I n m y o p i n i o n , in compl iancewith applicable laws and regulat ions .

D a t e ofR. epor t .

6 . Repor t ing Pe r iod01/01/2010

to12/31/2010

Reviewing OiiIcer Date

IM P O R T ANT NO T E S : T h e i n s t r u eao n s acco m p an f ln g t h i s fo r t , , m u s t b e f o l lo wea~ Co m p le t e aH p ar t s ,check ing the NONI~ box for each part whe t , you have no rep orlable inforntuf ion. .S ign on lus t pug~

I . P O S I T I O N S . o ~ , ~ . o , t. g ~ . m ~ u . a o , ~ ~ , p p . v - ~ of fa in g t=t r ua~o .s .)~ N O N E ( N o report.hi.positions.)

NAME.OF ORGANIZATION/ENTITY

N O N E ( N o reportable agreements.)DA TE P A R T IE S A N D T E R M S


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F IN A N C IA L D ISC L O S U R E R E P O R TP a g e 2 o f 1 9

N~me of Person R~porflngBaylson , Michae l M.

D n t e o f R e p o r t04/27/2011

A . Fl i e r s No n - In ves tm en t In c o m e[~ N O N E ( N o r e p o t t a b l e n o n - i n v e s tm e n t i n c o m e . )

DA TE SOURCE A ND T~E I N C O M ~(yours, not spouses)1 . 2 0 1 0 Pen n L aw Sch oo l $ I 0 , 0 0 0 . 0 02. 2010 Temple Law School $ 5 , ~ 3 0 . 0 03.4.

B , S p o u s e s N o n - I n v e s t m e n t I n c o m e - I f y o u w e r e m a r r i e d d a r i n g a n y p o r t i o n o f t h c r e p o r t l n g y e a r , c o m p l e t e t h i $ se c t i o n .(Dol lar amount not requ ired ~cept for honorar ia. )

~] N O N E ( N o r e p o r t a b l e n o n - i n v e s t m e n t i n c o m e . )S O UR C E A N D T y p e

1. 2010 Self-E m ployed Physic ian.2.

IV . REIM URSEMEN TS -(Includes those to spouse and dependent children; see pp. 25-27 of filing Instructions.)

N O N E ( N o r e p o r t a b l e r e i m b u r s e m e n t s .)SOURCE

New York In te l lectualProperty L aw A ssociation

D A T E S LOCATION PUR~.OSEM arch 26-27 , 2010 New York, ~ Annual Judges Dinner

2. Lawyers for Civi l Just ice . May 3-4, 2010 W ash ing ton, D C A nnual M eetingM eet i n g3.4.

5.

ITEMS PAID OR PROVIDEDTravel ~xpens~

Travel Expeme~


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F IN A N C I A L D IS C L O S UR E R E P O R TP a g e 3 o f 1 9

Nam e of Person ReportingBayl son , Michae l M.

Date of Report04/27/2011

~] N O N E O V o r e p o r t ab l e g i f t s . )S O U R CE .D.ESCR~TION

I.2.3.4.5.

VI. L I A B I L I T I E S . r~d,d~, ~,o,o o / ~ o . ~ a n d depende. t d # i l d r e n I s e e p p . 3 2 - . ? 3 o f f i l l n g i n s l r u c t l o n ~ )[~] " N O N ] ] ( N o r e p o r t a b l e l i a b i l it i e s .)

CP,~DITOR1. Am~ritrad~

2 .

4 .5 .

DESCR IPT IO N V A L UB CO DB "M ar g i n L o an M


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F IN A N C IA L D IS C L O S UR E R E P O R TP a g e 4 o f 19

P l u m e o f P e r s o n R e p o r t i n gBaylson, Mlehael M.

D a t e o f R . e p . o r t0 4 / 2 7 / 2 0 1 1

V I I . I N V E S T M E N T S a n d T R U S T S -~nceme~va~ue~transacd~ns(~ndude~th~se~fspm~sanddependent~hl~dren;sepp.34-6~f~l~nginstr~ct~n.~)D N O H E ( N o reportable income, assets, or transactions.)

A. B. , C.Deseflptlun of Assets Incom e during G ross value at end

(including trust a~ret~) reporting pedod of reporting period(D (2) O ) ( 2 )Place "CA)" after each asset Amount Type (e.g., Value V alu e

exempt from prior disclosure Code I div., rent, Code 2 Method(A-H) o r i n t . ) (J-P) Code 3

( z )Type (e.g.,buy, sell,

redemption)

DoTransactions during reporting period

Date Value Gainm m / d d / y y C o d e 2 C c d u 1

(J-P)Identity ofbuyer/seller(if private~ a n s ~ d o n )

I, Alcatcl-Luoent N o n e1 2 . B r o a d w i n d E n e r g y N o n e

JJ

TT

B u y( a d d l )Buy

03/22/1003110/10

3. C i s c O S y s t e m s I n c . N o n e4. Citigro~p Inc, N o n e5. Columbia Labs

6, Entercom Comm unicat ions Corp .7,8. Entech Solar9 . F i r s t N i ag ara F i n an c i a l G r o u p , In c .

N o n e KN o n e K

TT

N o n e J T

Bu y(add l )B u y( a d d OB u y

( a d d l )B u y

0 5 / 0 6 / 1 00 4 / 1 4 / 1 00 5 1 0 6 / 1 00 5 / 1 3 / 1 0

A Dividend J T

I0. Intel Corp. A Dividend K T11 . L S I L o g i c

12 . M F G l o b a l H o l d i n g s L T D

1 3 . N o k ia C o r p . A D Ri 4 . Nortei"15 . O n c o l o g i x Tech Inc .

A

N o n e J T

N o n e J TDividend J T

N o n e J TN o n e J T

B u y 03/26/10 J

1 6 . O p k o H e a l t h In c .17 , P e n n s y lv a n i a R e a l E s t a t e I n v s t A

N o n e J T

Dividend K T B u y(addl)03112/10 J

!. I n c o m e G a in C c d e s ,( San Co l un~ B i a n d 0 4 )

2,V ~I uc C o d ~(See ~ 1~ C I ~ D3)3.Vdee Me~4 ~(~ Colu~ ~)

A = $ 1 , 0 0 0 o r l es ~F=$50,001-$100,000 .

J - $ 1 5 , 0 0 0 or l e s sN ~ $ 2 5 0 , 0 0 1 - ~ 0 0 ,0 0 0P 3 - $ 2 5 , 0 0 0 , 0 0 ! - $ 5 0 , 0 0 0 , 0 0 0q = A p p r a is a lU = B o o k V a l uu

B ~ $ I , O O I -O " $ lO0,O01 - $ 1 , O 0 0 , O 0 DK $ 1 5 o 0 0 1 - $ 5 0 , 0 0 00= $ 5 0 0 , 0 0 1 - $ 1 , 0 0 0 , 0 0 0R . - - C o s t (R~al E s t a t e O n l y )V f f i O ~ c r

C =$2J01 - $5 ,000H I =$1 ,000 ,001 - $~ ,000 ,000L =$50,001 o $ 1 0 0 , 0 0 9Pl =$1,000,001 - $5 ,000 ,000P4 - M o ~ o ~ $ 5 0 , 0 0 0 , 0 0 0

8 - A s s e s s m e n tW = EstimuW.d

D o $ $ , 0 0 1 - $ 1 5 , 0 0 0H 2 = M o r n t h a n $ 5 ~ 0 0 0 ,0 0 0M - $ 1 0 0 , 0 0 ! - $ 7 . 5 o , 0 o oP 2 - $ 5 , o o o , o o i - S 2 ~ , O o O , o O OT = C ~ h M a r ke t

E=$1 5 ,001 - $50 ,000


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F IN A N C IA L D ISC L O S U R E R E P O R TP a g e 5 o f 1 9

Name of Person ReportingBayl son , Michae l M.

Date of Repor t04/27/2011

VII. INV ESTMEN TS an d TRUSTS - n ueo t,nnsn,tSons a.d.d,s #,o e of peme and dependent chi ldren; see p~] N O N E (N o r e p o r t a b l e i n c o m e , a s s e t s, o r t r a n s a c ti o n s . )

A. B. C.D e s c r i p ti o n o f A ~ s e t s I n c o m e during Gross value at end( in c l u d i n g t n ~ t a s s e L ~ ) repo~.n8 p~od ofrepo~ng pe~od(l) (2) O) (2)Pla~ "~" ~er ~h ~set ~o~t T~e (e .g . . V alue V alue~empt ~m ~ ~sd~e Code I die., r~t , ~de 2 M ~ o d( A -~ or in~) ( J - P ) C o d e 3

C l)T y p e ( e . g .,b u y , ~ e l l ,

redemption)

DoT r a n s o o t i o n s d u r i n g r e p o r t i n g p e r i o d~2) O) (4)D a t e V a l u e Gainmm/dd /yy Code2 Code l0 - ~ ) C A - I @

Identity ofbwyer/seller(if private

mmseotion)

18. PepB~ys . Dividend Ji 9 . Progenies Pharmaceut icals20. P r o l o g i s

121, Q u a l c om m Co m m u n i c a t io n sAA

N o n e LDividend JDividend K

T B uy 03112/10 J( a d d l )Buy 05106/10 J(add l )

22 . Q w e s t Com municat ions In ternat ional Inc . A Dividend23 . R A I TFin an e i a | Tm st24 . Rentech

None

None

JJ

T

T

B uy 03115/10 JB uy 01]25/10 J

25. Resource Capita l Corp26 . Safeguard Scientifics Inc.

B Dividend J TN o n e K T

Buy 03/03/1( a d d l )

27 . So la rEnez tech .com None J T Buy 05/13/10 J28 . S u n Microsystems Inc. None Sold 01/28110 J A29. T aro30. Teva A

N o n e K TDividend K T

31 . Un isys Corp . None J T32 . Wash ing ton Mutua l - N o n e J T33 .34 .

1. I n c om e G u m C o d e s:( S ~ C o l u m n s B i m ~ l D 4 )2. V a l u e C , o d o s( S e e C o l u m n s C l ~ a d D 3 )

3. V a l u e M e t h od C o d e s( S e e C o l u m a C 2 )

A ~$ 1,000 or lessF = $ 5 0 , g 0 1 - $ 1 0 0 , 0 0 0l ~ $ 1 5 , 0 0 0 o r le ~N : $ 2 5 0 , 0 0 1 - $ 5 0 0 , 0 0 0P 3 = $ 2 5 , 0 0 0 , 0 0 1 - $ 5 0 , 0 0 0 , 0 0 0Q = A p p m i~ lU = B o o k V al u e

q - e l 0 0 , 0 0 1 - $ 1 , o o o , o o oK=SIS,QOI - $ 50,000o = $ 5 0 0 , 0 0 1 . $l.0oo,o00R--Cost(Real Estate Only)V =O the r

C = $ 2 , 5 0 1 - $ 5 , 0 0 0H I ~ $ l ,O00,001 - $5 ,000 ,000L ~$50,001 - $ 1 0 0 , 0 0 0P l =$1,000,001 - $~,000.000P 4 = M u m t h a n $50,000,000S ~Ax~cssrneatW -Est lm~cd

D =55,001 - $15,0001"12 = M o r e ~ h a n $ 5 ~ 0 0 0 , 0 0 DM =$100,001 - S2~0,000I2 =$5,~00,001 - $25,000,0Q0T = C ~ h M a r k et

E~$15 ,001 - $ ~ , 0 0 0


6/38


7/38

FINANCIAL DISCLOSURE REPORTI Name of Person Reporting

Date ufReportPage 7 of 19 Bnyl son , Michae l M. 0 4 / 2 7 / 2 0 1 " I ~

VII . I N V E S T M E N T S a n d T R U S T S - ~ . o o . , .. .. ~ . o , t . o . s o ~ t ~ o , ~ a.oz.d.. ~ , o . o o y ~ , o . , o , , ~ ~ .~ , ~ n ~ . , . t h O U . ,, : s . o p r . 3 4 . 6 0 offding instructlon~)N O N E ( N o reportable incom e, assets, or transactions.)

A. B. C.D e s o d p f i o n o f A s s e t s Income during Gross value at end(including trust assets) r~po~ng period o f r e p o r t i n g p e r i o d

(l) (2) 0) (2) 0) (2) (3)Plume "(X)" after eaoh a~et Amount T y p e ( e . g ., Value Value T y p e ( e . g ., Date Valueexempt from p rior disclosure C o d e l die., rent, Code 2 M e t h o d b t W , s e l l , mm/dd/yy Code 2( A - H ) . or int.) ( J - P ) C o d e 3 r e d e m p t i o n )

D,Transactions during reporting period

(4) (~)G ain Identity ofC o d e 1 buycrlscllcr( A - H ) 0fprlvate

5 2. Exelon Corp . C Dividend L T53. . Fide l ity N a t iona l Informat ion Serv ices A Dividend 3 T5 4. General Elec t r i c Co. C Dividend M T5 5 . J .F . M o r ga n Ch as e & C o . C o m m on N e w A Dividend K T5 6. LPS Inc . A Dividend J T5 7. PNC Financ ial Services Corp . A Dividend K T5 8. N C R C o r p. N o n e J T5 9. Terad~ N o n e .1" T60 , Wel l s Fargo (Perv ious ly W anhovia cOrP . A Dividend J T2nd)6 1. W e s te rn D ig it al C o~ p . D e l N o n e J T62 . Frunkli~ Mutual Set Fund Inn. B Dividend L T6 3 . H e n d e r so n I n te m a t iu n a l O p po r tu n it ie s F u nd A Dividend L T64 . Mu u d e r Fu n d s I n e . N e tn e tFu n d Cla ssC " None J T65 .66 .6 7. C om m an d M o ne y Fu nd A Interest J T68. AlcateI-Lunent None J T

I . Income Gain Codes: A ~$1 ,O00 or le~s B "$1, 001 - $2 , 500 C =$2,~01 - $ 5,000( S e e C o lu n m s B I e n d D 4) Y = $ S O , O 0 1 - $ 1 00 , 0 0 0

2. Val ue C odes J -$15,000 or less K = $ 1~,001 - $ 50,000 L = $5 0,001 - $ I00,000(Sea Columns CI and D3) N -$ 2.q0,001 - $ 500~0~ O ~$ 5~,001 - $ 1,00O ,000 PI =$ I ,~0,0Ol - $ ~,000,000

P] =$2~,g00,001 - $50,000,000 P4 -Mo~ ~ $50,000,000] . V a lue Mc~ od Codes Q = ~ p p m l ~ l R =Cost ~1 ~to Only) S = A ~ ssm an t(~c Col~ ~) U =B ook Val ue V.fO~cr W

D $ 5 , 001 -l f 2 - - -M o r o t h a n $ : ~ , 0 0 0 , ~ 0 0M -$ I00 ,001 - $2~ 0 ,1 ]00P2 =$~,000,001 - $25,000,000T = C a s h M ~ k c t

E -$15,~ 01 - $50. 000


8/38

FINANCIAL DISCLOSURE REP ORTPage 8 o f 19

Nam e of person ReportingBa y l s on , M i cha e l M .


V I I . I N V E S T M E N T S a n d T R U S T S - ~.co.,e, .t. t,~,~.et:o,~ o.~:.d~,t:,o, of,po=, o.d d.p..d~t c~,,d.~: ~.pp. ~4 .60 offilin~ Instruefiott~)~] N O N E (N o r e p o r t a b l e i n c o m e , a s s e t s, o r t r a n s a c t io n s . )

Description of Assets Transactions during reporting period "(inoluding trust ~sets)

Place "(X)" after each assetexempt from p rior disclosure

BeIncome duringreporting period

Cl) (2 )Amount Type(e.g.,Code I div., rent,C A - H ) o r int.)

G r o s s v a l u e a t e n dof reposing period0) (2)V alue V alue T y p e ( e , g .,

Code 2 M e t h od " b u y , ~ e l l ,(J-P) C o d e 3 redemption)

(2) 0) (4) Dat e Value G a i nmw . /d d / y y C o d e 2 C o d e l( J - P ) (A-H)

( 5 )Ident~y ofbuyer/seller0fpfivate

trarmatlon~.

69 . Idearc Inc .70 . MHM Servi ces Inc .

~ono

N o n e TSold 02/24/10 J A

71 .72 .

K e y c or p . Ne w N o n e T

73.

75 .76 .77 .

78 .79 .80.81 .82 .83.84 .85 .

MSIF Global Franchise Portfol ioMSIF US Mid Cap ValueMSIF Global Real Estate.

A DividendA DividendA Dividend

So ld 05 /2 4 /I 0 KSold 05/24110 KSold 05/24/10 J

MSIF Active Int i Allocat ion B Dividend Sold 05/24/10 i K

M SIF Emerg ing Mkt~ A Dividend Sold 05/24/10 - JM SIF US Smal l Cap Value(FormerlyM S D W U G M A S m a ll C a p )MSIF Mid Cap Growth (Formerly MSDWU G M A M i d C a p G r o w t h)M SIF Large Cap Relat ive Value (FormerlyMSDW UGM A Equ ity)

AA

N o n eD iv id en dD iv id en d

Sold 05/24/10 K ASold 05/24110 K CSold 05/24 /10 K A

E Dividend T-Schwab Ado Cash Reserve - IRA #I

AA"AA

A

L I n . m e G a l a C o d ~ . ~ A = $ 1 , 0 0 0 o r l es s B - $ 1 ,~ 0 1 - $ 2 ,5 0 0 C ~ $ Z ~ 0 1 -( S a g C o [ ~ s B I ~ d D 4 ) P ~ 5 0 , 0 0 1 - $ 1 0 0 , 0 ~ G ~1 0 0 , 0 0 1 - $ 1 ,0 ~ ,0 0 o H I ~ I ,~ 0 , O O l - $ ~ , o o o , e ~2. Value ~odc$ J ~ $1 5 . 000 or I~s K "$15.~1 - $~0.0~ L

(~o Colu~ CI ~d D3) N = $~0,001 - $500,000 O $ 500,001 - $ 1,000,~ 0 PI =$ 1,~ 0,001 - $ ~,~ 0,0003 . V ~ l uo M c S M C o d ~ Q =App~ . -C ~ t ~ 1 ~ l o O n l y )(S ~ Col~ ~) U ~ B o o k V a lu e V ~cr W

Dffi$5,00lH2=Mor ot han$$ , 000~000M$10 0 ,O 0 1- $250 ,0 0 0P2-$5.000,001 .$25~000T-CashMarkct

E =$15. 0D I - $50,000


9/38

F IN A N C IA L D ISC L O S U R E R E P O R T Name efl,rsen Report ing Date of ReportP age 9 o f 19 Bayl son , Michae l M. 04/27/201V I I . I N V E S T M E N T S a n d T R U S T S - ~ = o = ,~ ,, t=,=#o~ ~,o~d~ # =e ef ,~e~, ~,d dependsnt eitildren; se, pp. 3 4 . 6 0 o f f l l l . g

N O N E (N o r e p o r ta b le inc o m e , a s s e t s, o r t r a ns a c t io ns . )A. B. C.

Description of Assm Incom e during Oro~ value at end( i n c lu d in g t r u s t ~ ) ~ p o ~ n g p ~ d o d ofrepo~ng periodPlace ~" after ~h mot A m o ~ t T~ (~,g., Value V ~ u o ~ (e.g., D ate Va in ~e x e m p t ~ m p r io r d h d o ~ Cede I ~v., rent, Cede 2 Me~ buy, sell, m~d~ Cod~ 2(A-~ or ~t.) ( J - P ) C ~ e 3 ~dempfion)(Q-~

T r a n s a ~ t i n m during reporting period

Gain , I d e n t i t y o fC o d e 1 b u y e r . / . . s e l l e r .( A - H ) ( i f p r i v a t e

tran~otinn)

86 . -Schwab Value Advantage- IRA #187. - -Adams Harkness Smal l Cap G rowth - IRA#1

9 0. -Baron Growth- IRA #191. "

92 .93 .94 .

95 .96 .97 .98 .

-BlackRock Low Duration - !RA #1

-Bnmdywine Fund - I R A #1

9 9 . - D FA Em er g i n g M k t s - I R A # 1100.101.102. -DFA In t l Smal l Value - IRA #1

Sold 03/29/I0 J( p a n )Sold i 09/15/10 "$( p a n )Sold 10/04/10 J A( p a r t )B uy 09/17/10 L

So ld I0/04/1 0 $ A( p a n )Sold ~ 01/26/10 K A( p a n )Sold i 02/25/10 K A( p a n )Sold 04/29/10 K A( p a n )Sold 07/20/10 K CSold 12/21/10 K ASold 10/04110 K A( p a n )(pan)~]old 03/29/I 0 J " B( p a n )

( ~ r + )Sold 03/29/10 J A( p a r t )

A

A - $ 1 , 0 00 or l e s sF ~ $ 5 0 , 0 0 1 - $ 1 0 0 ~ 0 0 0J - $ 1 5 , 0 0 0 o rN - $ 2 5 0 , 0 0 1 - $ 5 0 0 , 0 0 0P 3 ~ . $ 2 5 , 0 0 0 , 0 0 1 - $ 5 0 , 0 0 0 , 0 0 0Q - A p p r a is a lU-Book Value


10/38

F IN A N C I A L D IS C L O S UR E R E P O R TP a g e 1 0 o f 1 9

l q a m c ofPerson ReportingBaylson , Michael M.

Data04/27/2011

~-] N O H E (~ o repor tab le income, ass~tso or t ransact ions , ) D e s c r i p ti o n o f A s s e ts Income during(~cludi~g trot asset~) ~po~g p~odO )Pla~ "~" after e ach as~t ~ount~ e m p t ~ m p ~ o r d i ~ lo ~ e C o d e I dlv. , ~n~(A-~ or~tJ

CoGross value at endo f r e p o r t i n g p e r i o d

(~ ) ( 2 )Value ValueC o de 2 M e t ho d "( J - P ) Code 3( q - w )

O )T y p e ( e . g .,buy. sell,~demprion)

T r a n s a c t i o n s d u r l n g r e p o r t i n g p e r i o d(2) O) (4)Date Value Gainm m / d d /y y C o d e 2 C o d e l

( J . P )I d e n t i t y o f

bwer/seller0fprivatemnsactlon)

104. . -DFA In t l Value- IRA #1105.106.

107.108. -DFA One Year Fixed Income - IRA #1109.110.111.

112. -DFA Short Term G ovt Por tfo l io - IRA #1113. DFA US Large V a i u ~ . . I R A #1!14 ,115 .I 16. -DFA US Micro - IRA #I117.118. -DFA US Smal l Value - IRA #1I19.

Sold 03/29/10( p a r t )So ld 1 0 9 1 1 5 1 1 0( p ~ )So ld 1 0 / 0 4 / 1 0Sold I1/10/]0( p ~ )S old 0 1/26 /10So ld 02/! 9/ I 0

S o ld 0 2/25 /10( p ~ )S old !0 4 /29 /10

B u y 04/29/10Sold 03 /29/ ] 0Sold 09/15/10

( p ~ )S o ld 0 3/29 /10( p ~ )Sold 09/15/10S o ld 02 /25/10( p a n )Sold !09/15/10( p ~ )

Affl

I. I n c o m e G a i n C o d e s:( S c o C o l u m n s BI and D 4 )2.V a l u e C o d = s(S ~ C o l u m n , $ C l a n d D 3 )

3 . V~ u o M e ~ e d ~ d ~

A ~ $ 1 , 0 0 0 o r I~ s sF ~ 5 0 , 0 0 1 - $ 1 0 0 , 0 0 0J-Sl~,000 or less

N - 5 2 . 5 0 , 0 0 1 - $ 5 0 0 , 0 0 0P 3 = $ 2 . T , 0 0 0 ,0 0 1 - $ ~ 0 , 0 ~ 0 , 0 ~q -Appe a rU - B o o k V a lu e

B " $ 1 , 0 0 1 - 5 2 , 5 0 0o . = $ ] o o , o o l. $ 1 , o o o , 0 o o~o$]5,om. s~o,oooO - $ 5 0 0 . 0 0 1 . $ 1 , 0 o 0 , o o 0g - C o s t ( R c a | E s t a t e O n l y )V - O I h ~

C = $ 2 , 5 0 1 - $ f i ,0 0 0H I " $ 1 , 0 0 0 , 0 0 1 - $ 5 ~ 0 0 0 , 0 0 0L - $ 5 0 , 0 0 1 - $ 1 0 0 . 0 0 0P I " $ l , O 0 0 , 0 0 1 - ~ 5 , 0 0 0 , 0 0 0P 4 = M o r e ~ n $ 5 0 , 0 0 0 ,0 0 0S -A~s~mcntW - E s t im a t e d

D =$5 ,001 - S I5 ,000H2-More I bon $5~000~000M =$100,001 - $7.50,000P2 =$5 ,000,001 - $25,000,000T ~ ash M ar k e t

E =$15,001 - $ 5 0 , 0 0 0


11/38

FINANCIAL DISCLOSURE REP ORTPage 11 of 19 Iame ofPerson Reporting, Bnylson , Michael M. Date elRoper t04~7/2011

D e s m - l p ti o n o f A s s e t s( l n o l u d i n g t r u s t a ~ s e t s )

I n c o m e d u r i n g Gross value at endr e p o r t i n g p e r i o d of reporting period .

(1) (2) (t) (2) (I) 12) (3) {4) (5)P l a c e " ~ X } " a f te r ~ a c h a s s e t Amount T y p e ( g . , Value Value T y p e ( e . g .) D a t e V a l u e G ain Identity ofexemptfmmpfiordlsalosure Co d e l dtv.,rent, Code2 M e t h o d buy, sell, m n d d ~ yy Co d e2 Co d e l buyer/$ell~F-( A - H ) o r i n t . ) ( . I - P )Code(Q.W)3

redemption) ( J - P ) ( A - H ) tmmaction)0fPriv

120.121. -Dodge & Co x Stock - IRA #1122.i23 . -Fi r s t Eagle Overseas - IRA #1124.125 . -Ho tchkis & Wiley Large Vaiue- IRA #1i 2 6 .1 2 7 . - H o t e h k i s & W i l e y M i d V a l u e - I R A # I

1 2 8 .

129 . =Janus Fund - IRA#I

131. -Jamm Mid Cap V alue - IRA #I132. i33. -Janus Overseas - IRA 01

135.1 3 6 . - M e t r o p o l i t a n W e s t T o t a l R e t u r n - I R A # I

Sold ! 1/10/10 J(part)Sold 03/29110 JSold 11110/10 J(pm)Sold 03/29110 J~art)Sold 10/04/10 JSold 03/29/10 JSold I 1/10/10 J(part).Sold 02/25/10 JSold I 1/10110 J

Sold 03/2 9fl0 JSold 1 1 1 1 0 1 1 0 J(I,m)Sold 0 3 1 2 9 1 1 0 JSold 11/10110 J( i ,m)Sold 03/29/10 KS o l d 09/15110 JSold 1 1 1 1 0 1 1 0 J( p a r t )S o l d 0 1 / 2 6 / 1 0 K

A

AAAA .A

A po .A

A

AA

A ~.A

D

A

i . I n come Ooi n C o~ os : A = S 1 , 0 0 0 o r le s s B =$1,001 - $2 . 500 C -$2 ,501(SceCol~ BI ~d D4) F=$50,001 - $100,~0 O =$ I~ ,~1 - $1 ,000,000 H I ~ 1 , 0 0 0 , 0 0 1 - $ 5 , 0 ~ , 0 ~ H2 =Mo~ ~n $5,~0,0~

2 , V M u c ~ d e s J = $ 15 , 0 ~ o r l ~ s K ~15,001 - $50,000 L = $ 5 0 .~ 1 - $ 10 0 .~ 0 M =$ 10 0 .~ 1 - ~ 5 0 ,0 0 0~Col~ Cl ~dD3) N = ~ 0 , 0 0 1 - $ 5 0 0 , 0 0 0 O -$5 00 ,~ 1 - $1,0 00 ,0 00 P I = $1,0 00 ,~ 1 - $5 ,0 ~,0 00 ~ = $ $ , ~ 0 , 0 0 1 - ~ , ~ 0 , 0 O O

P 3 = ~ 5 , 0 0 0 , 0 0 1 - $ 5 0 , 0 0 0 , ~ 0 P 4 - M o r n ~ $ 5 0 , 0 0 0 , 0 0 0& V ~ u M ~ o d C o d ~ q =Appm~l R =Cost ~1 ~e Only) S = ~ e s s m ~ t T ~h Mnrkot(~ Col~ ~) U =B ook Val ue V ~cr W = ~ t ~ m a tc d

E S I $ , O 0 1 - $ 5 0 ~ 0 0 0


12/38

F IN A N C IA L D ISC L O S U R E R E P O R TP a g e 1 2 o f I9

N a m e o f P e r s on R e p o r ti n gBaylson , Michae l M,

Date of Re~mrt0 4 / 2 7 / 2 0 1 1

V I I . I N V E S T M E N T S a n d T R U S T S - ~ n ~ m e ~ v M u e ~ t r a n s ~ c a ~ s (~ n d u d e ~ a w s e ~ fs p ~ u s e a n d d e p e n d e n t c M ld r e n ; ~ e p p ~ M ~ 6 ~ f ~ n g ~ n g r u ~ t ~ n s ~ )N O N E ( N o repo r tab le incom e , asse ts , o r t ransac t ions . )

A. B.D e ~ e r l p t io n o f A s s e ts Income during(including trust asset~) reporting period( 1 )Place "(X)" after each asset Amount T y p e ( e . g .,

exempt from p rior disclnsure Code I d i v . , r e n t ,( A - H ) . orlnt.)

C.G~o~ value at endofreportin8 period

(1 ) ( 2 )Value ValueCo d e 2 M e t h o d( J - P ) C o d e 3C q - W ~

(l )b u y , s e l l ,~dumptlon)

Transactions during reporting pedod(2) O)Date Valuem m / d d /y y C o d e 2 C o d e l(J-P) ( A - H )

O )ldent lW o fb u y e r l ~ 6 l l e r( i f p r i v a t et r a n s a o f i o n )

[137.138, -Morgan Stan ley E~ erg ing Mkts o IRA #1

139.140.141 . -Morgan S tan ley In t l Eqty Fund - IRA # 1

1 4 3 ~

i I44, -Royce Opportuni ty - IRA #1

1461 -RoyceValue Plus - IRA # l

148. -Third Ave Int l Value - IRA #1"149.150.1 51 . - Th o m b u r g I n d V a l u e - I R A # 1

Sold 02/25/10 K A(part)Sold 03/29/10 J A( p a r t )Sold " 09115110 J ASold 1 1 1 1 0 1 1 0 3 ASold 03/29 /10 J ASold 10/04/10 J ASold 11/I 0/10 J ASold 02 /25 /10 J A Sold 11/10/10 J " A

Sold 03/29/10 J A( p a r t )Sold i l /1O/10 J ASold 03/29/I0 J ASold 09/15 /10 J ASold 11/10/10 J A( p a r t )

152 . -Turner Core Growth - IRA. #1 Sold( p a r t )Sold( p a r t )

03/29/10 J AIIII0/I0 J A

1 , l a ~ m e G a i n C e d e s : .( ~ = C o l u m = s B I a n d

2 . V a i n o C o d e s( ~ = ~ C o l u m n s CI and D 3)

3.V - in n M o ~ C o d ~(~ ~1~ ~)

" $ 1 , 0 0 0 o r l e s s~ 5 0 , 0 0 1 - $ l O 0 , O 0 0

= , $ 1 5 , 0 0 0 o r l a s s- $ 7 ~ 0 , 0 0 1 - $ 5 0 0 , 0 0 0

P3= $ 2 5 , 0 0 0 . 0 0 1 - $ 5 0 , 0 0 0 , 0 0 0= A p p n d s s l- B o o k V a l ue

B - $ 1 , o o i - $ 2 , 5 0 0O= $ 1 0 0 , 0 0 1 - $ 1 t O 0 0 , ~ 0 0K= S l s , 0 0 I - $ ~ o , 0 o oO S 5 o o , 0 0 l - S l , o o o , o o oR = C o s t ( R e a l E s ~ t e O n l y )

C " = $ 2 . 5 0 1 - $ 5 . 0 0 0H I = $ 1 ~ 0 0 0 . 0 0 1 - $ 5 . 0 0 0 . 0 0 0

= $ 5 0 . 0 0 1 - $ 1 0 0 . 0 0 0P I " $ 1 . 0 0 0 . 0 0 1 - $ ~ . 0 0 0 . 0 0 0P 4 - M o r o t h a n $ ~ 0 , 0 0 0, 0 0 0-Asse~meatW = K s t lm a t e d

D =$5. 001 - $15. 0001 - 1 2 = M u m t h a n $ 5 , 0 0 0 ,0 0 0M =~ lO0 ,001 - $250 ,000P 2 = $ 5 , 0 0 0 0 0 0 1 - $ 2 5 , 0 0 0 , 0 0 0T ,~sh Market

K =$15,001 - $50,00D


13/38

F IN A N C IA L D ISC L O S U R E R E P O R TP a g e 1 3 o f 19 Ja m e o f P e r s o n R e p o r t in gBaylson , Michae l M. 0 4 / 2 7 / 2 0 1 1

N O H E ( A r e reportable income, assets, or transactions.)D e s c r i p t i o n o f A s s a ts I n c o m e d u r in g( in c l u d i n g t r u s z u ~ l s ) ~ e p o r ~ u ~ p e r i o d

Piece "(X)" after ~a~h asset Amount T y p e ( e . g ,,exempt from prior disclosure Cod~ ! d l v . , r e n t ,(a-l-0 or

c.G r o s s value at endof~porting period(1) (~)Value Value

Code 2 M ~ t h o d( J - P ) Code 3( Q - W )

0)b u y , s e l l,~demption)

DoTran~tions during ~porting period

I d ~ n t i t~ o fbuyer/seller( I f p r i v a t e

t r a n s a o t l o n )

154. -Tum~" Small Cap Equity - IRA #11 5 5 .

Sold(p~)Sold

0 3 1 2 9 / 1 0 J B0 9 / 1 6 1 1 0 L D

156. -Westore Inti F r o n t i e r - ~ #lI~7.1 5 8 .

159 . -Wes tcore Mid Cap Value - IRA #I160.161.

1 62 , ~ W es t c o re M I D CO G r o w t h - IR A # I

163,164. -Wi l l i am Blai r In t l Growth- IRA #I165.

166. -Wi l l i am Blai r ln tl Smal l Cap Grow th- IRA#11 6 7 . - W i l l i a m B l a i L a o r o w - # 1I68 .169 . -Wi l li am Blai r Mid Cap G rowth - IRA #1

S o l d . 03/Z9/10Sold 09115110Sold 10/04/10Sold 03/29/10Sold 09115110Sold i 1/10/10.So ld 03/29/10

Sold 09/15 /10. (pm )Sold 09/15 /10( p m )Sold 11110/10(part)Sold 10/04/10(pa~t)So ld 09/15 /10( p a r t )Sold 1 I /I0/I0( p a r t )

A

A

A

A

At.

A

A "

A

AA

A

170.

l . Incom e Ou~ n Coder . A =$ 1,000 or less B - $I ,0 0 ! - $2 ,50 0 C -$2,.~01 - $~,001) D - $5,0 0 1 -(Sco ~l~ BI ~ D4) F =$~0 ,O0 l - $1 00 ,000 O = $ I ~ , ~ 1 - $ 1 ,~ 0 , 0 ~ H I = $ l , 0 g 0 , 0 0 l - $ ~ , 0 ~ , ~ 0 ~ ~Mo~ ~n ~,000,000"Z V~ Cod~ J = $ 1 5 , 0 0 0 o r l e s s K =$15 ,0 0 1 - $50 ,0 0 0 L =$50 ,0 0 1 - $10 0 ,0 0 0 M =$100,001 - ~0,0~

(Sea Colu~ CI ~ D3) N 0 ~ 5 0 , ~ l - $ ~ 0 0 , ~ 0 O = $ ~ 0 0 , 0 0 1 - $ 1 , ~ 0 , 0 ~ P Z -$I,0~,~l - $ $ , 0 0 0 , 0 0 0 ~ :~,~,~l -P 3 =$~ ,000 ,001 -$50 ,000 ,000 P 4 = M o r n ~ $ 5 0 , 0 0 0 , 0 0 03. V~ue M~ C~ Q =App~ R ~ost ~1 ~e Only) S -~mgnt T ~h M~(See Col~ ~) U ~ B o o k V a l u e V ~r W - E s ~ m a t ed


14/38

F IN A N C IA L D I SC L O S U R E R E P O R T ~ a m e o r P e , so ~Page 14 of 19 Baylson, Michael M. 04/27/2011

- . ~ .

--] H O 1 N E 0 V o reportable income, assets, or transactions.)^o "B.

Description of Asse~ I n ,me d u r in g Gro~ va lue a t end{including trust a~set~) repo ~in g period o ff, p ratin g p eriod

(1) (~) O) (2)P l a c e " C A " } " a f te r e a c h a ~ e t Amount Type (e.g., Va lue Va lue Type (e.g.,

exempt from prior disolo~re Code ! div., rent, Code 2 M ethod buy, nell,(A-H) or int.) (J-P) Code 3 redemption)

T n m s a c t i o n s during ~el~or t ing per iod . . . , . . . .(z) O) (4)Date Value Gainm m / d ~ y y ~ o d e 2 C o d e 1

(J-P)Identity ofbuyer/seller( i f p r i v a t e

171.D i v i d e n d PI

1 7 3 . -S c h w ab A d v C as h R es e r ve I R A # 2174. -Schwab Value Advantage - IRA #2175. -Adams H arkn~s Smal l Cap Growth - IR A#21 7 6 . -Baron Growth - IRA #2 Buy09117110 L17~, -BlackRock Low Durat ion - IRA #2178. -Brandyw ine Fund- IRA#2

euy 104/29n 0( a d d l )

179. -DFA Em erging Mkts - IRA #2

1 8 0 . -DFA-In t l smal l Value - IRA #2181. -DFA In t I Value- IRA #2

Sold{ p ~ t ) 0 4 / 2 9 1 1 0Sold 0 4 / 2 9 / I 0

K D

J A

i 82 . -D FA O~a Y e~ F ixed I n c o m e - I R A # 2l x 8 3 . - D F A ~ n r ~ T e r m GOVt Portfolio - IRA#2 Bu y 0 4 / 2 9 1 1 0 M

18 4 . - D FA U S La rge Va l ue - IRA # 2

1 8 5 . - D F A U S S m a l l V a l u e - I R A # 2

18 6. - D FA U S Mi cro - IRA # 2187. -First Eagle Overseas - IRA #2

Sold 04~29/10 K A

Sold 04/29110 K A

Sold 04/29110 J A

!. I n e a m ~ G a l a C o d c s :( S e e C o l u m n s B 1 a n d D 4 )2. Val t~ Co~

3. Voluo Me~ Cod~

= $ 1 , 0 0 ! - $ 2 , 5 0 0" $ I 0 0 , 0 0 1 - $ 1 , 0 0 0 ~ 0 0 0= $ 1 5 , 0 0 1 - S S O , O 0 0

0 . - $ ~ 0 0 , 0 0 1 ~ $ l ,O 0 0 , O 0 0= ~ o s t ( R e a l g s t u ~ O n l y )= O t h e r

D ~ $ 5 o 0 0 1H 2 = M o ~ t h a n $ ~ , 0 0 0 ,0 0 0M - S t 0 0 , 0 0 1 - $ 2 5 0 , 0 0 0P 2 = $ ~ , 0 0 0 , 0 0 1 . $~,000,000T = C ~ s h M ~ r k c t

E = $ 1 5 , 0 0 1 - $ . 5 0 , ~ 0 0


15/38

F IN A N C I A L D IS C L O S UR E R E P O R TP a g e 1 5 o f 1 9 INamef Person ReportingB ay l so n ~ l~ . c h ae l M . Date of Report04/27/2011

N O N E ( N o reportable incom e, assets, or transactions.)A, B, C, D, .~

D e s c r i p ti o n o f A s s e ts Income during G r o s s v a l u e a t e n d Transactions during reporting po~od "( i n c l u d i n g t r u s t a ~ s c t s ) r e p o r t i n g p o r i o d o f r e p o r t in g p o d o dO) (2) O) (2 ) (l ) (2) O) [ (4) (~ )

P l a c e " ( X ) " a f te r e a c h a s s , ~ t Amount T y p e ( e . g . , Valu~ V alu~ T y p e ( e . g . , D a t a V a l u~ [ G a i n I d c n t l t y . o fnnmpt fmmpfiordis~losure Codo I div..rent, C O d ~ 2 M e t h o d buy,~ell, m m / d d/ yy Code2 [ Coda I buyer/seller( A - H ) o r i n t . ) - ( J - P ) . C o d e 3 ~domptlon) (J-P) [ (A-H ) (if private...( q - w ) .I t r a ~ a c t i o n ) ,1 8 8 . - H o t c h k is & W i l ey L ~ r g e V a l u e - I R A # 2189. -Ho tchkis & W i ley Mid Value - IRA #2

!~90. -Janus Mid Cap Value - IRA #2I 9 I . - J a nus F und - I R A # 2

Sold 04129/10 K ASold 04/29 /10 K ASo ld 04 /2 9/I0 J A

192, -Janus Overseas - IRA #2193. -Metropol i tan West Total Return Bond I -IRA#2194. -Morgan Stan ley Emerging M kta - IRA #2195. -Morgan Stan ley In t l Eqty Fund - IRA #2196. -Royce Opportuni ty - IRA #2

197. -Royce Va lue Plus - IRA #21 9 8 . -So u n d Sh o r e - I R A # 2t99. -Thi rd Ave Int l Va lue - IRA #2200. -Thomburg Int i Va lue - IRA #22 01 . - Tu rn e r Co r e G r o w t h - I R A # 2

Sold 04/29110 J A( p ~ )Buy 04/29/I 0 L(addl)Sold 04/29/10 3 A

Sold 04/29110 J A

Sold 04/29/ I0 J ASold 04/29 /10 J A( p a r t )Sold 04/29/10 J ASold 04/29/10 J A( p a r t )

202. -Turner Smal l Cap Equi ty - IRA #2 S o l d 04/29/10 L D203. -West~ore lntl Frontier - IRA # 2204. -Wcstcore Mid Cap Value- IRA #2

Sold 04/29 /10 J A(part)Sold 04/29110 J A(pm)

I . ln c o m o G a i n C o d e s :( S e e C o l u m n s a l a n d2 , V a l u~ C o d e s( S c e C o l u ra n s C l a n d D 3 )3.V u l u o M e t h o d C o d e J

( S c c C o l u m n

A - $ 1 , 0 0 0 o r Ic e sF ~ $ 5 0 , 0 0 1 - $ 1 0 0 ~ 0 0 0

, t - $ 1 5 , 0 0 0 o r l e s sN = $ 2 5 0 , 0 0 1 - $ 5 0 0 , 0 0 0P 3 = $ 2 5 , 0 0 0 ,0 0 1 - $ 5 0 , 0 0 0 . 0 0 0Q ~ A p p r al s a lU ~ B o o k V a l ue

B = $ 1 , 0 0 1 - $ 2 , 5 0 0O - $ 1 0 0 ~ 0 01 - $ 1 ~ 0 0 0 ~ 0 0 0K = $ 1 5 , 0 0 1 - $ 5 0 , g 0 0O ~ $ 5 0 0 , 0 0 1 - $ 1 , 0 0 0 ,0 ~R = C o s t ~ l B s ~ ta O n l y )V = O ~ c r

D = $ ~ , o o z - $ ~ ~ , o o oH2 -Moro t han $5 ,000 ,000M -$I00,001 - $2~0,0~0P2-$5,000,001 - $2~,000,000T = C a s h M~kc t

E = $ 1 5 , 0 0 1 o $ 5 0 . 0 0 0


16/38

. F IN A N C I A L D IS C L O S U R E R E P O R TPa g e 1 6 o f 1 9

N a m e o f P e r s on R e p o r ti n gBaylson , Michael M. ,

Date of Re~ort04/27/2011

V I I . I N V E S T M E N T S a n d T R U S T S - ~ = o m e , v a tu e . , , o n ,= a o ~ a . d u d e s a o o = of spouse and dependent children; see pp. ~ 4 - 6 0 o f f l ii n g ingt i~IIo~)H O H E ( N o reportable i~come, as~et~, or ~. ansactionz.)

A, B.Descr ip tion erasers Income dur ing(including tnmt assets) reporting period

Place "(X )" after each asset Am ount Type (e.g.,exempt from prior dlselasure Code I div,, rent,(A-H) o r i n t . )

Gross value at endof r~Vortlng period(i) (2)V alu e Va lueCode 2 Method

(J-P) Code 3( q - W )

Transaotlons during reporting period

Type (e.g., Date Valuebuy, sell, mm/dd/ .yy Code 2

redemption)

o) 0)Gain Identity ofCode i b u y e r . / . . s . e l l e r

( A - I - I ) (lfprIvatet~n~aotion)

205.206.207.208.

210.1211,

212, SEP IP~M~I

-Wes teore M]DCO Growth - IRA #2-Wil l iam Blai r Int l Growth - IRA #2-Wil l iam B la i r In t l ~ ma l l C a p G r o w th - IRA#2- Wi l l ia m B l a ir La rge C a p G rowt h - IRA # 2

Sold 04/29/10 K

Sold 04/29110

-Wi l li am Bla i r . Mid Cap G rowth - IRA #2

A Dividend K

214 . -SChwab Advi so r l~remium Cash~eserve-SE P I RA# i2 1 5 .

!216.217. Government of I s rae l

B uy 04/20/10 K

B uy 04116/10 J

H o n e Matured 01101/10 J A218.219.220, Re~ ! Proper ty ; Phi lade lphia , PA221. Green~an-Baylson Par tner ship

E R ent 0 W

A Int./Div. K U

I. I n c o m e O u l n C e d e s :( 8 c C o l u m n s B I u n d

ZV ~ n o C o d e ~

3,Value Mc~od Cod~~ Colu~ ~)

B = $ 1 , 00 1 - $ 2 ~ 0 0o = $ 1 o o , o o z - $ z , o o o , o o o~ . = $ 1 5 , 0 o ! - $ ~ 0 , o o oo = $ ~ o o , o o l - $ I ,O O O , O O OP , . = C o s t ~ R e a l . ~ a t at 0 O n l y )V = O t h er

C =$2 ,501 . $5 ,000H 1 ~ $ l , O 0 0 . O 0 1 - $5,000,000L = $ 5 0 , 0 D IPI - $ Z . O 0 0 , O 0 1 - $ ~ , 0 0 0 , 0 0 0P4 =Mote than $50,000,000S = , ~ s s s m a n tW =Estimated

D =$5,001 -H2 = More than $5 ,000,000M -$100,001 - .T250,000P2 ~$5.000,001 - $25.000,000T =Cash M arke t


17/38

F IN A N C I A L D IS C L O S U R E R E P O R TP a g e 1 7 o f 19

Nam e of Person ReportingBaylson; Michael M,

Date ofReport04/27/2011

N O N E (N o r e p o r t a b l e i n c o m e , a s s e t s, o r t r a n s a c ti o n s . )A. B. C. D.

D c s c r i p tl o n o f A s s e t s Incomn during Oro~ value at end T~ ac f i o n s d u r i n g ~ p o ~ n g~ n c lu d in g ~ s t ~ e~ ) ~po~ing p~fiod o f ~ p o ~ n g p ~ o dO) (~ ) O) (~ ) O) @) O) I (4) (~ )P I aw "~ " a f t e r ~ h ~ se t Amount T~r (e .g . , V ~ u ~ Valu~ T~n (e .g ., D a m V a l u e ~ O s l n Id~f lW of~vmpt~mpdordlsdo~ Codn l d[v.,mn~ Code2 Me~od bW, ssll, ~d~ Cod~2 CodrI buy~/sel l~( A - H ) o r [ n Q O - P ) Code 3 m d e m p ~ n ) (J-P) [ (A-~ (ifpd~

222. BB Par tnersh ip2 2 3 . Z a b e e o r

2 2 4 . L L R E q u i t y P a r t n e r s P ~ r a l l e l I l l

2 2 5 . P l a n e t D a t a A c q .2 2 6 . M e n l o ~ q u i s i t i o n s C o r p .

2 2 7 . A d v a n c e d R e p r o d u c t i v e C a r e

228. Baum rln e t a l Par tnersh ip229 . Keys tone~ropeCty230, Versa Capital

None K WNone K W

None L UN o n e K W

=None C l o s e d 01101/10 JN o n e J WNone K" W

N o n e J W B uy 02/15 / I0 JB Interest K W Buy 01/22/10 K

A

1. l~om Gain Cod~.g A =$ 1,000 or less B ~$1,001 - ~500 C(S~CoI~ BI ~d D4) F~SO,O0I - $100,000 G-$10D,0Ol. $1,0~,~ HI -$I,~0,001 - $~,0~,~0

Z Vatuc ~d~ J -$ ! ~,O00 or 1~ K =$15,001 - $~0,O0O L = $50,001 - $100,000 M ~]00,~1 - ~0,~0(~o ~I~Ci ~dD3) N = $ ~ 0 , 0 0 1 - $ 5 0 0 , 0 0 0 O =$500,00 1 - $1,000,000 P I = $ l , 0 0 0 , O0 1 . ~ , o 0 0 , 0 0 0 ~ = $ 5 , 0 0 0 , 0 0 1 . $ 2 5 , 0 0 0 , 0 ~P 3 = ~ , 0 ~ , 0 0 1 - $ ~ 0 , 0 ~ , 0 0 0 P 4 ~ M o ~ ~ $ 5 0 , 0 ~ , 0 0 03. Value Me~ ~d~ Q ~ A p p m ~ l R ~ost ~1 ~ Only)(S~Colu~ ~) U =Book V due V = O ~ e r W =~ttmat~

E ~$15 ,001 - $50,000


18/38

FINANCIAL DISCLOSURE REPORTPago 18 of I9 Bnyl son , Michae l M .VIII. ADDITIONAL INFORMATIONOR EXPLANATIONS.

Date oLRepor t04/27/2011


19/38

F IN A N C IA L D I SC L O S U R E R E P O R T1~ge 19 o~19

I X . C E R T I F IC A T IO N .

NOTS: ~Y Ilql)IWDU~L w~O KNOW~C~YA I qD C ~ 3 M I N A L ~ . ~ C T I O N S ( 5 U ~ q . a p p .


20/38

FINANCIAL DISCLOSURE REPORTFOR CALENDAR YEAR 20 10

Report Required by the Ethicsin Governm ent Act of 1978(5 U.S.C. app. 101-]1])

1 . P e r s o n R e p o r t i n g ( l a s t n a m e , f ir s t , m i d d l e i n i t ia l )Bay l son , Michael M.

4. Title (Article 111 judges indicate active or senior status;magistrate judges indicate full- or part-time)

2. Cour t or Organiza t ionU. S . D. C . E a s t e rn Di s t . O f Pa .

5a. Repor t Type (check appropr ia te type)] Nomination, D a t eU.S. Dis t r i c t Judge - ac t ive

7. Chambers or Office Address3810 U.S. Cour thouse6 01 Mar ket St r ee tPh i ladelph ia , PA 19106

[] Initial [] Annual [] Final5h. [] Amended Report8. On the bas i s of the informat ion conta ined in th i s Repor t and anymodi f i ca t ions per t a ining there to , i t i s , i n my opinion, in com pl iancewith appl icable laws and regulat ions .

Reviewing Off i cer Date

3. D a t e o f R e p o r t04/27 /2011

6. Repor t ing Per iod01/ 01 / 2 010

to12/31/2010

I M P O R T A N T N O T E S : The instructions accompanying this form must be followea~ Com ple te a l l parts ,check ing the NONE box for each par t w here you have no repor table information. Sign on las t page.

I . P O S I T I O N S . m e p o n i n g i n d i v i d u a t o n t y ; s e e p p . 9 - 1 3 offiling instructions.)~ (No reportab leposi tions . )O N E

POSITION N A M E O F O R G A N I ZA T I O N / EN T I T Y

2.

3.

4.5.

I I . A G R E E M E N T S . ~ R e p o r t in g i . d i v la u a t o n t y ; s e e p p . 1 4 - 1 6 of f!ling instructions.)~] N O N E (No reportable agreements.)

D A T E PARTIES AND TERMS


21/38

FINANCIAL DISCLOSURE REPORTPage 2 o f 19

N a m e o f P e r s o n R e p o r t i n gBay l son , M i c hae l M .

D a t e o f R e p o r t04/27/2011

I I I . N O N - I N V E S T M E N T I N C O M E . ( R e p o r t i n g indiv idual and spouse; see pp. 17-24 of f i l ing instruct ions.)A. Filers Non-Investm ent Incom eD NO N E (No reportable non-investment income.)

DATE SOURCE AND TYPE I N C O M E( y o u r s , n o t s p o u s e s )1 . 2 0 1 0 P e n n L a w S c h o o l $10,000.002. 2010 T e m p l e L a w S ch o o l $5,330.003.4.

B - S p o u s e s N o n - I n v e s t m e n t I n c o m e - if you were m arried during anyportion of the reporting year, comp lete this section.(Dollar amount not required except for honoraria.)

D (No reportable non-investment income.)O N E

1 . 2 0 1 02.3.4.

D A T E SO UR C E A N D T Y PESel f -Employed Phys ic ian

I V . R E I M B U R S E M E N T S - tru.spo.ution, lodging,~ood, e.te.ulnment(Includes those to spouse and d ependent children," see pp. 25-27 offiling instructions.)D (No reportable reimbursements.)ONE

SO UR C E DA T ES L O C A T IO N PUR PO SE1 . N ew Yor k In te l l ec tua l Mar ch 26 -27 , 2010 N e w Y o r k , N Y A n n u a l J u d g e s D i n n e rProp er ty Law A s s oc ia t ion2. Lawyer s fo r C iv i l Jus tice May 3-4 , 2010 W a sh in g to n , D C A n nu al M e eting T r a v el Exp e n sesMeet ing3.4.5.

I T EM S P A I D O R P R O V I D EDTr avel Expenses


22/38



D a t e o f R e p o r t04/27/2011

V . G I F T S . a n c l u d e s those to spouse and dependent children; see pp. 28-31 of filing instructions.)~-] NONE (No reportable gifts.)

SOURCE DESCRIPTION1 .2.3.4.5.

VALUE

V I . L I A B I L I T I E S . a n c lu d e s those of spouse and dependent children; see pp. 32-33 of filing instructions.)~] N O N E ( N o reportable l iabi l i t ies . )

CREDITOR DESCRIPTION1. Ameritrade M argin Loan2.3.

4.5.

VALUECODEM


23/38

FINANCIAL DISCLOSURE REPORTPage 4 of 19


D a t e o f R e p o r t04/27/2011

V I I . I N V E S T M E N T S a n d T R U S T S - income, value, transact ions ( Includes those o f spouse and dependent chi ldren; see pp. 34-60 of f i l ing ins tructions . )~ N O N E income, or transactions.)N o reportable assets,

D e s c r i p t io n o f A s s e t s( i n c l u d i n g t r u s t a s s e t s )Income dur ingr e p o r t in g p e r i o d o f r e p o r t i n g p e r i o d .

(1) (2) (1) (2) ~ !~ (2~. (3)Place"(X)" after each asset A m o u n t T y p e ( e . g ., Value Va lue: . . . . ..T y p e : ( e , g . ~ D a t e Valueexempt from prior disclosure

1 . A lc a te l-L u ce n t N o ne J2. B ro a dw ind Ene rg y N o ne J3. Cis co Sys tems Inc . N o n e J4. Ci t igroup Inc . N o n e J5. C o lu m b ia L a b s N o ne K6. E n t er c o m C o m m u n i c at io n s C o r p . N o n e K7.8. Entech Sola r N o n e J9. Fir s t N iagar a Financia l Gr oup , Inc . A Div idend J1 0 . Intel Corp. A Div idend K1 1 . L S I L o g i c N o n e J1 2 . MF Global Ho ld ings LTD N o n e J1 3 . N o k i a C o r p . A D R A Div idend J1 4 . N o r t e l N o n e J1 5 . O n c o l o g i x T e c h I n c . N o n e J

1 6 . Op ko H ea l th Inc . N o n e J

1 7 . Pennsy lvan ia Real Es ta te Invs t A Div idend K

Gross value at end ............ : , Transact ions dur ing repor t ing per iod

(Q-w )

T Bu y( add l )T Bu yTTT Bu y( add l )T Bu y( add l )

Bu y( add l )Bu y

03/22/10 J03/10/10 J

05 /06 /10 J04 /14 /10 J05 /06 /1o J05 /13 /10 J

TTTTTTTTT

(4 ) ( 5 )G a i n I d e n t i t y o fC o d e 1 buyer/seller( A - H ) ( i f p r i v a t et r a n s a c t i o n )

Bu y 03/26/10 J

Bu y 03/12/10 J( add l )

1 : lncom ~ Gain Codes: A = $1i000 or less B =$1,001 - $2,500(See Colunms B 1 and D4) F =$50,001 - $100,000 G =$100,001 - $1,000,0002 . Va lu e C o d es J =$15,000 or less K =$15,001 = $50,000(See Columns C 1 and D3) N =$2 50,001 - $500,000 O =$500,001 - $1 ,000,000

P3 =$25,000,001 - $50,000,0003. V alu e M ethod . C odes Q = A p p ra isa l R =Cost (Real Estate Only)(See C o lu mn C 2) U =B o o k Va lu e V = O t h e r

C =$2,501 - $ 5 , 0 0 0 D =$5,00 I - $15 ,000HI =$i;000;00i + $51000;000 H2 =M ~re than $5,000,000L =$50i001 : $] 00i000 M =$100~ 001 - $250,000Pl =$1,000,00i :$5,000,000 P2 =$5,0001001, $25 000 000P4 =More than $50,000 0 0 0S =AsSessment. T =C ash M ark e tW = E g t i m a t ed

E =$15,001 - $50,000


24/38


N a m e o f P e r s o n R e p o r t in gB a y l s o n , M i c h a e l M .


V I I . I N V E S T M E N T S a n d T R U S T S - i n c o m e , v a ~ u e , t r an sac t ion s (In c lu des those of spou se an d depen d en t chUdren; see pp. 34-60 of fi l ing instru ct ions.)N O N E (N o reportable income, assets, or transactions.)

D e s c r i p t io n o f A s s e t s Income d~ug Gros s va l i a e a t e nd( inc luding t r us t a s s e t s ) reportingperiod o f r e p o r t i n g p e r i o d

O) (2) (!) (2) (1) (2) : (3)Place "(X)" after each asset Amount Type (e,g., Value Value ....... Type (e.g,, D a t e Value

exempt from prior disclosure Cod~l div. rent, C o d e 2 M e t h o d b u y , s e l l , mm/dd/yy Code 2( A - I - ! ) o r i n t . ) ( J - P ) C o d e 3 r e d e m p t i o n ) ( J - P )

T r a n s a c t i o n s d u r i n g r e p o r t i n g p e r i o d

(4 ) 1 5)Gain Identity of

C o d e 1 buyer/seller(A-H) (if private

transaction)

1 8 . Pep B o y s A Dividend J T1 9 . Progenies Pharm aceuticals None L T

20 . Prologis A Dividend J T

21 . Qualcomm Commu n icat ion s A Dividend K T

Bu y 03/12/10( add l )Buy 05/06/10

( add l )

J

J

22 . Qw est Comm unications International Inc. A Dividend J

23 . RAIT Financial Trust None J B u y 03/15/10 J

24 . Rentech None J Bu y 01/25/10 J25 . Resource Capital Corp B Dividend J26 . Safeguard Sc i ent i fi c s Inc . None K

TT

Bu y 03/03 /10( add l )

27 . Solar Enertech.com None J Bu y 05/13/I 0 J28 . Sun Microsystems Inc. None Sold 01/28/10 J A29 . Taro None K

30 . Teva A Dividend K

31 . Unisys Corp. N o n e J32. Wash ington M utual None J

33 .34 .

1. I n co me Ga in C o d es :(See Col um ns BI and D4)

2.Value Codes(See C o lu mn s C t an d D3 )

3.Value Method Codes(See C o lu mn C 2)

A - - $ L 0 0 0 0 r ~ S S B = $ i , 0 0 1 - $ 2 1 5 0 0F =$50,001 - $100,000 G =$100,001 - $1,000,000J =$15,000 or less K = $15 , 001 - $50 , 000N =$250,001 - $500;000 O =$500,001 - $1 ,000,000P3 =$25,000,001 - $50,000,000Q = A p p r a i s al R =Cost (Real Estate Only)U =B o o k Va lu e V = O l h e r

C =$2,501 - $5,000H 1 =$1,000,00 t - $5,000~000L =$50,001 - $100,000

P 1 = $ 1 , 0 0 0 ~ 0 0 1 - $ 5 i 0 0 0 ; 0 0 0P4 =More than $50,000~000S =Asse ssmen tW = Es t ima ted

D =$5,001 - $15,000H2 =M ore than $5,000,000M = $100,001 - $250,000P2 =$5,000,001 - $25,000,000T =C ash M ark e t

E =$15.001 - $50,000


25/38


N a m e o f P e r so n R e p o r t i n gB a y l s o n , M i cha e l M .

D a t e o f R e p o r t04/27 /2011

V I I . I N V E S T M E N T S a n d T R U S T S - income, value, transactions (Includes those of spouse and dependent children; see pp. 34-60 of filing instructions.)N O N E (No reportable income, assets, or transactions.)

A. ...... B. C. D.Description Of Assets Income during Gross va lue a t end Transactions during reporting period(including trust assets) reporting period of reporting period

(1) (2) (1) (2) (I) (2) (3) (4) (5)Place "(X )" aR er each asset A m ount T y p e ( e . g . , Value Value Type (e.g., Date : :Value G ain Identity of

exempt from prior diselosure C o d e l d i v , , r en t , C o d e 2 Method buy, sell, m m /d d/y y C od e2 C o d e l buyer/ se l le r.... (A-H) o r i n t . ) ( J - P ) Code 3 redemption) (J-P) (AH) (if private(Q-W) transaction)

35 . Fr on te i r Communica t ions A Div idend J T S p i n o f f 07/01/101 j( f r om l ine 37)36 . In ter na t ional Bus iness Mach ines C Div idend M T37 . Ver izon Commun icat ion s D Dividend M T38 . W a lm a r t D e M e x ic o SA Sp o n so r ed A DR A Dividend J T39 .40 .41 . G en era l M o to rs C o rp . C lass H N ew N o n e Closed 06/02/10 J A42 . Pro l o g i s T ru s t SB I A D i v i d e n d J T

4 3. T P I E nt er pr is e, In c . N o n e Closed 10/25/10 J A44 .45 .46 . CMF M oney M arket Por tfo lio None J T

47 . A T & T C o r p . A Div idend J T48 . Bank of America A Dividend K T

4 9. B P Pl c S po n so re d AD R None K T50 . Conoco Inc . Class B A Div idend K T51 . Equifax Inc . A Di v i d e n d K T

L lncome Gain Cod~s: ........ : A =$ i ,000 0 r t ~ S(See Columns B 1 and I )4) F =$50,001 = $100,000

2. Value Codes J =$15,000 or less(See C o lu n ms C I an d D3 ) N =$250,001 - $500,000

P3 =$25,000,001 - $50,000,0003 . Value Method Codes Q =A p p r a i sa l(See C o lu mn C 2) U =B o o k Va lu e

B = $1 ,00 t - $2,500 C = $2,501 - $5 ,000 D =$5,001 - $15,000G =$100,001 - $1,000,000 H 1 =$1,000,001 - $5,000,000 H2 =More than $5;000,000K =$15,001 - $50~000 L =$50,001 - $ 100,000 M =$ ] 00,001 - $250,000O =$500,001 - $ 1,000,000 P 1 =$ 1,000,001 - $5,000,000 P2 =$5,000,001 - $25,000,000

P 4 =More than $50,00~,000R =Cos t ( R eal E s t a t e O nly) S =Asse ssmen t T =C ash M ark e tV =Oth e r W =E s t imated

E =$15,001 - $50,000


26/38


N a m e o f P e r s on R e p o r t in gBay l son , M i c hae l M .

D a t e o f R e p o r t04/27/2011

V I I . I N V E S T M E N T S a n d T R U S T S - i , e o m e , v a l u e , t r a n s a e , io . s a , c ta d e ~ t h o ~ e o I s p o ~ s e a n d dependent children; see pp. 34-60 oLFding instructions.)~ NONE income, assets, or transactions.)N o reportableD e s c r i p t io n o f A s s e t s

( in c lud ing t rus t a s se t s )

P l a c e " ( X ) " a f t e r e a c h assetexempt from prior disclosure

In c o m e d u r i n gre por t i ng pe r iod

(t) (2) (llAmount Type (e.g., V a l u eCode I d i v . , r e n t , C o d e 2

( A - H ) ~r i nt . ) ( J -P)

G r o s s v a l u e a t e n d T r a n s a c t i o n s d u r i n g r e p o r t i n g p e r i o do f r e p o r t i n g p e r i o d

(2 ) (1 ) (2) (3) ~ (4) (5 )V a l u e Type (e.g., Da te Value

Method .... b u y , s e l l , mm/dd/yy Code2C o d e 3 r e d e m p t i o n ) (J-P)( Q - W )

52 . Exelon Corp. C Dividend L53. Fidelity National Information Services A Dividend J54 . Gen eral Electric Co. C Dividend M5 5. J .P. M o r ga n C ha s e & C o. Co m m o n Ne w A Dividend K56. LPS In c. A Dividend J57 . PNC Financial Services Corp . A Dividend K58 . NCR Corp . Non e J59, Teradata None J60 . W el l s Fargo (Pervious l y Wach ovia Corp . A Dividend J2nd)61 . W estern Digital Corp. Del None J62 . Franklin M utual Ser Fund Inc. B Dividend L63. Hend erson International Opportunit ies Fund A Dividend L64 . M under Fund s Inc. Netnet Fund Class C None J65 .

66 .

67 . C omman d Mon ey Fun d A I n t e r e s t J6 8 . Al ca t e l -Lucen t None J

T

T

T

T

T

T

T

T

T

T

T

T

T

Gain Identity ofCode l buyer/selier(A-H) (if private

t r a n s a c t i o n )

TT

! in c0 me ;Ga!n C o d es : A =$ 1 ,0 0 0 o r l e s s B $2,500(See Columns B I and I )4) F = $50,001 - $100,000 G =$ 100,001 - $1 ,000,000

2 . V alue C o des J = $15 ;000 or less K = $15 , 001 - $50 , 000(See C olum ns C l and D3) N =$250,001 - $5 00,000 O =$500,1)0 | - $1 ,000,0~ 0

P3 =$25,000,001 - $50,000,0003. Value Method Codes Q = A p p r a i sa l R =Cost (Real Estate Only)(See Colurtm C2) U =B o o k Va lu e V = O t h e r

C =$2,501 - $5,000 D =$5,001 - $15,000H 1 = $ 1,000,001 - $5,000,000 H2 =M ore than $5,000,000L =$50,001 ~ $100,000 M =$ 1 0 0 ;0 0 !- $ 25 0 ,0 0 0PI =$1,000,001 = $5,000,000 p2 =$5,000,001 -$25,000,000P4 =More than $50,000,000S = A ssc ssm em T = C ash M ark e tW =Es t ima ted

E =$15,001 - $50,000


27/38



D a t e o f R e p o r t04/27/2011

V I I . I N V E S T M E N T S a n d T R U S T S - ineo,,e, valu e , t r an sac t ion s ( In c lu des those of spou se an d depen d en t chi ldr en ; s eepp . 34-60 of f i l in g in s t r u c t ion s . )N O N E (No reportable income, assets, or transactions.)

D e s c r i p t i o n o f A s s e t s( i n c l u d i n g t r u s t a s s e t s )

Place "(X)" after each assetexempt from prior disclosure

Income dur ingr e p o r t in g p e r i o d of reporting period(1) (2) (I ~ (2 ) ( l) (2) (3)

Amount T y p e ( e . g . . Value Value Type(e.g . , Date. ValueC o d e 1 d i v . , r e n t , C o d e 2 M e th o d b u y , s e l l , mm/dd/y2Code 2( A - H ) o r i n t . ) ( J-P) C o d e 3 r e d e m p t i o n ) (J-P)(Q-W) "

(4 ) (5 )Gain . . . . . tdentity of

Code 1 ~ buyer/seller(A-H) :(i~private

transaction)

69. Idearc Inc. N o ne So ld 02/24/10 J A7 0. MHM Services Inc . N o n e J T

7 1 . K e y c o r p . N e w N o n e J T7 2.7 3.7 4. MSIF G lobal Fr anch ise Por t fo l io A Div idend So ld 05/24/10 K A7 5. M S I F U S M i d C a p V a l u e A D iv id en d So ld 05/24/10 K A7 6. MSIF Global R eal Es ta te A D iv id en d So ld 05/24/10 J A

7 7. MSIF A ct ive In t l Al loca t ion B D iv id en d So ld 05/24/10 K A7 8. MSIF Emer g ing Mkts A Div idend Sold 05/24/10 J A7 9.80 .81 .

82 .

M S I F U S S m a l l C a p V a l u e ( F o r m e r l yM S D W U G M A S m a l l C a p ) N o n e Sold 05 /24 /10 K AA D iv id en d So ld 05 /2 4 /1 0 K CA Div idend So ld 05/24/ I 0 K A

MSIF Mid Cap Growth (Form er ly MSDWU G M A M i d C a p G r o w th )MSIF Lar ge Cap Rela t ive V alue ( For mer lyMSDW UGM A E q ui ty)

83 .84. IRA #1 E Div idend PI T85 . - S c h w a b A d v C a s h R e s e r v e - I R A # I

1 . Incom e G ain C odes: A =$1 ,000 or less B =$1,001 - $2,500 C =$2,501 - $5,000(See Colunms B 1 and D4) F =$50,001 - $100,000 G =$100,001 - $1,000,000 H I =$1,000,001 - $5,000~000

2 . V alue C o des J = $15 ,000 or less K =$15,001 - $50,000 L =$50,001 - $100,000(See C o lu mn s C ! an d D3 ) N =$250.001 - $5 00,000 O =$500,001 - $1 ,000,000 P1 =$t,000,001 - $5;000,000

P3 =$25,000,001 - $50,000.000 P4 =More than $50,000,0003. Value Method Codes Q =A p p r a i s al R ~Cost (Real Estate Only) S =Asse ssmen t(See C o lu mn C 2) U =B o o k Va lu e V = O the r W = Estim ated

D =$5,001 - $15,000 E =$15,001 - $50,000H2 than $5,000,000P2 =$5,000,001 - $25,000,000T =C ash M ark e t


28/38

FINANCIAL DISCLOSURE REPORTPage 9 of 19 Ia m e o f P e r s o n R e p o r t i n gBay l son , M i c hae l M . Date of Report04/27 /2011

V I I . I N V E S T M E N T S a n d T R U S T S - in com e , va lu e , t r an sac t ion s ( In c lu des those of spo u se an d depen den t chi ldr en ; s ee p p . 34-60 of fd in g in s t r u c t ion s . )N O N E (No reportable income, assets, or transactions.)

A. B. C. D.D e s c r i p t i o n o f A s s e t s I n c o m e d u r i n g G r o s s v a l u e a t e n d T r a n s a c t i o n s d u r i n g r e p o r t i n g p e r i o d( i n c l u d i n g t r u s t a s s e t s ) r e p o r t i n g p e r i o d o f r e p o r t i n g p e r i o d

(1) (2) (! ) (2) (1) (2 ) O) (4) (5 )Place "(X)" after each asset A m o u n t T y p e ( e .g , Va l u e Value: Type (e.g., D a te i , Va lue Gain Identity ofCode t d i v r en t . Code 2 M e t l ~ o d b uy ~ e l l :~ : . : mm / dd / 5~ Cb dd 2 Code t : " buye r /sel ler~

( J - P ) C ode 3 redem ption) ( J = P ) [ (A-H) (ffprigate(Q - W ) transaction)

86 .87 .

88 ,

89 .

90 .91 .92 .93 .

94 .95 .

96 .

197.98 ,

99 .

100.

- S c h w a b V a l u e A d v a n t a g e - I R A # 1-Adams Har kness Smal l Cap Gr owth - IRA#1

-Baron Growth - IR A # 1

-BlackR ock Low Dura t ion - IR A # 1

So ld 03/29/10 J A(part)Sold 09/ 15 / 10 J A(part)So ld 10/04/10 J A( p a r t )B u y 09/ 17 / 10 L

-Brandywine Fund - IR A # 1

-DFA Emer g ing M kts - IRA #1

101.1 0 2 . - D F A I n t l S m a l l V a l u e - I R A # 1

Sold 10/04/10 J A( p a r t )So ld 01/26/10 K A( p a r t )Sold 02/25/10 K A( p a r t )Sold 04/29/10 K A( p a r t )So ld 07/20/10 K C(part)So ld 12/21/10 K A( p a r t )So ld 10/04/10 K A( p a r t )Sold 11/10/10 J A( p a r t )So ld 03/29/10 J B( p a r t )

09/15/10 J C

ll/10/10 J B

So ld 03/29/10 J A(part)

1. I n co me Ga in C o d es :(See Columns B 1 and D4)

2.Value Codes(See C o lu mn s C I an d D3 )


A =$1!000 or !cssF =$50,001 - $100,000.I =$15,000 or lessN =$2 50 , 001 - $500 , 000P3 =$25,000,001 - $50,000,000Q =A p p r a i sa lU =B o o k Va lu e

B = * 1 , 0 0 1 - $ 2 , 5 0 0 C = $ 2 , 5 0 1 - $ 5 , 0 0 0 D = $ 5 , 0 0 1 - $ 1 5 , 0 0 0O = $ 1 0 0 , 0 0 1 - $ 1 , 0 0 0 , 0 0 0 H I ~ $ i , 0 0 0 1 0 0 1 ~ $ 5 ; 0 0 0 ; 0 0 0 H 2 = M o / e ~ a ~ $ 5 1 0 0 0 ; 0 0 0K = S ~ 5 , 0 0 1 - $ 5 0 , 0 00 L = S 5 0 0 0 1 - $ 1 0 0 0 00 M = S 0 0O = $ 5 0 0 , 0 0 1 - $ 1 , 0 0 0 , 0 0 0 P 1 = $ 1 , 0 0 0 ~ 0 0 1 - $ 5 , 0 0 0 , 0 0 0 P 2 = $ 5 , 0 0 0 ~ 0 0 1 ; $ 2 5 ~ 0 0 0 , 0 0 0

P 4 = M o r e th a n $ 5 0 0 0 0 , 0 0 0R = C o s t ( R e a l E s t a t e O n l y ) S = A s s e s sm e n t T = C a s h M a r k e tV = O t h e r W =Estimat~

E =$15,001 $50,000


29/38


N a m e o f P e r s o n R e p o r t in gBay l son , M i c hae l M .

D a t e o f R e p o r t04/27 /2011

V I I . I N V E S T M E N T S a n d T R U S T S - i n c o , , e , v a ~ u e , transactions (lndudes those of spouse and dependent children; see pp. 34-60 of f!ling instructions.)N O N E ( N o reportable income, assets, or transactions.)

A. B. C. D.Description of Assets Income during Gross value at end Transactions during reporting period

(including trust assets) reporting period of reporting period(1) (2) (1) (2):, (1 ) (2) (3) (4) (5 )

Place "(X)" after each assel Amount T y p e ( e . g - , V al ue V a l ue Type (e,g,~ Date Value Gain Identity ofCode 1. " d i v : , r e n t , C o d e 2xempt from prior disclosuie Method b u y i : s e | l ~ " ~ r oJ dd / yy :Code~ [ Code 1 buyer /sel ler(A-H) or ira.) (J-P) C o d e 3 redem p tion) (J:P) (A -H ) ( i f p r i v a t e(Q - W ) transaction)

103. 10/04/10 J A

1 0 4 . - D F A I n t l V a l u e - I R A # 1 Sold 03/29/10 J A( p a r t )105. So ld 09/I 5 /10 J A

( p a r t )106. So ld 10/04/10 J A( p a r t )107. So ld 11/10/10 J A( p a r t )1 0 8 . - D F A O n e Y e a r F i x e d I n c o m e - I R A # 1 Sold 01/26/10 K A( p a r t )109. Sold 02/19/10 J A( p a r t )110. So ld 02/25/10 K A(part)111. So ld 04/29/10 J B( p a r t )1 t 2 . - DFA Sh o r t Te rm G o v t Po r t f o l io - I RA # 1 B u y 04/29/10 L

1 1 3 . - D F A U S L a r g e V a l u e - I R A # 1 So ld 03/29/10 J A(part)114. Sold 09/15/10 J A( p a r t )115. So ld I 1/10/10 J A( p a r t )I 1 6 . - D F A U S M i c r o - I R A # 1 Sold 03/29/10 J A(part)117 . So ld 09/15/10 J A( p a r t )I 1 8 . - D F A U S S m a l l V a l u e - I R A # 1 So ld 02/25/10 J A( p a r t )ll9. So ld 09/ 15 / 10 J A(part)

1. lnc0me Gain Codes: A =$1 ;000 0r less(See Col um as BI and D4) F =$50,001 - $100,0002 . Va lu e C o d es J = $1 5,000 o r le ss(See C o lu mn s C I an d D3 ) N = $250,001 - $500,000

P3 =$25,000,001 - $50,000,0003 . Va lu e M e th y l C o d es Q =A p p r a i s a l(See C o lu m n C 2) U =Bo ok V~ tuo

B =$1~ 001 - $2 ~ 500 C =$2,501 - $5,000 D =$5,001 - $15,000: G =$i00,001- $~,000,000 HI = $ i ,000 ,00i - $5 ,000 ,000 H2 =M ore than $5,000;000

K =$15,001 - $50,000 L =$50;00i :- Sl00,000 M =$100~001 - $250,000O=$500,001-$1;000;000 P 1 =$ !i000,00 ! - $5;000,000 P2 =$5,000i00 ! - $251000,000

P4 =More !ban $50,000;000R =Cost (Real Estate Only) S = A s s e s s m e nt T = C a s h M a r k e tV = O t h e r W =Estintated

E =$15,001 - $50,000


30/38


N a m e o f P e r s o n R e p o r t in gBay l son , M i c hae l M .

D a t e o f R e p o r t04/27 /2011

V I I . I N V E S T M E N T S a n d T R U S T S - income, value, transactions (Includes those of spouse and dependent children; see pp. 34-60 of f i l ing instruct ions.)[~] N O N E (No reportable income, assets, or transactions.)

A. B. C. D.Description of Assets ..... Income during Gross value at end Transactions during reporting period(including trust assets) reporting period ofrep0rdng per iod

=0) (2) (1) (2) ......... (1 ) (2) (3)Place "(X)" alter each asset A m o u n t Type (e.g: , V a l u e V al ue T y p e { e . g . , Date V al uee x e m p t f r o m p r i o r d i s c l o su r e . . .. Code 1 d i v . , r e n t ~ Code 2 Method .... buy. sell , m m /dd /y y C od e.2( A -H) o r i n t , ) (J-P) C o de 3 redemption) (J-P)

(Q-W)

(4 ) (5 }Gain Identity of

Co de I b uyer/se ller(A-H) ( i f p r i v a t e

t r a n s a c t i o n ~

120. So ld 11/10/10 J A(part)1 2 1 . - D o d g e & C o x S t o c k - IR A # 1 So ld 03/29/10 J A( p a r t )122. So ld 11/ I0 / 10 J A

( p a r t )123. -F irst Eagle Overseas - IRA #1 Sold 0 3 / 2 9 / 1 0 J A( p a r t )124. So ld 10/04/10 J A( p a r t )1 2 5 . - H o t c h k i s & W i l e y L a r g e V a l u e - I R A # 1 So ld 03/29/10 J A( p a r t )126. Sold 111/10/10 J A( p a r t )1 2 7 . - H o t c h k i s & W i l e y M i d V a l u e - I R A # 1 So ld 02/25/10 J A( p a r t )128. So ld 11/10/10 J A(part)1 2 9 . - J a n u s F u n d - I R A # 1 So ld 03/29/10 J A( p a r t )130. So ld I 1/10/10 J A( p a r t )1 3 1 . - J an u s M i d C a p V a l u e - IR A # 1 So ld 03/29/10 J A

132. So ld 11/10/10 J A( p a r t )133. -Janus Overseas - IRA #1 Sold 03/29/10 K D( p a r t )134. So ld 09/15/10 J C(part)t35. So ld 111/10/10 J B(part)1 3 6 . - M e t ro po l i ta n W e s t To t a l Re t u rn - I RA # 1 So ld 01/26/10 K A(part)

L lnc0me Gain CbdeS~: A ~$1,000 0r less B =$ i ;0 0 1 - $ 2 ,5 0 0(See C o lu mn s B 1 an d . I M ) F =$50,1101- $100,000 G ~$i00,00t - $ i ,000,000

2 . Va lu e C o d es .1 =$15,000 or less K =$15,001 - $50,000(See C o lu mn s C I an d D3 ) N =$250,001 ~ $500,000 O=$500,001 - $1,000,000

P3 = $25,000,00i- $50;000;0003. Value Method Codes Q =A p p r a i s a l R --Cost (Real Estate Only)(See C o lu mn C 2) U =B o o k Va lu e V = O t h e r

C =$2,501 - $5,000 D =$5,001 - $ t 5,000H 1 =$1,000,001 - $5,000,000 H2 =M ore than $5,000,000L =$50;00i - $100~000 M = $100,001 - $250,000PI =$ ! ;000,001 - $5,000;000 P2 =$5,000,001 - $25,000,000P4 =More than $50,000,000S =Asse ssmen t T =C ash M ark e tW =Es t ima ted

E $15,001-$50,000


31/38


N a m e o f P e r s o n R e p o r t in gB a y l s o n , M i c h a el M .

Date of Report04/27 /2011

V I I . I N V E S T M E N T S a n d T R U S T S - i .c o m e , v u l u e , tra.sactions ( I n c l u d e s those of spouse and dependent children; see pp. 34-60 of filing instructions.)N O N E (No reportable income, assets, or transactions.)

D e s e r i p t io ~ o f A s s e t s( i nc luding t r us t a s s e t s )

P l a c e ! ( X ) " a f t e r e a c h a s s e te x e m p t f r o m p r i o r d i s c l o su r e

(1) (2 ) (1) (2) (1 ) (2) ( 3 ) (4) (5)A m o u n t Type (e.g., Va l u e V al ue Type (e.g .... D a t e V al ue Gain Identity o fCode I div., rent, Code 2 Method buy, sell , m ~ d d / y y Code 2 Code 1 buyer]seller(A-H) o r i n t . ) ( J - P ) Code 3 redemption) (J-P) (A-H) (if private

(Q-W) transaction)

137.1 3 8 . - M o r g a n S t a n le y E m e r g i n g M k t s - I R A # 1

139.140.

141 . -Mor gan Stan ley In t l Eqty Fund - IRA #1142.143.

144. -R oyce Op p or tuni ty - IR A # 1145.

1 4 6 . - R o y c e V a l u e P l u s - I R A # 1147.

1 4 8 . - T h i rd A v e I n t l V a lu e - I R A # 1149.150.

1 5 1 . - T h o m b u r g I n t l V a l u e - I R A # 11 5 2 . - T u r n e r C o r e G r o w t h - I R A # 1153.

Sold 02/25 /10 K(part)Sold 03/29/10 J(part)Sold 09 /15 /10 J(part)Sold 11/10/10 J(part)So ld 03/2 9/1 0 J(part)Sold 10/04/10 J(part)Sold I 1/10/10 J(part )So ld 02 /2 5 /10 J(part)Sold 11/10/10 J(part )Sold 03/29/10 J(part)Sold 11110/10 J(part )Sold 03/29/10 J(part)Sold 09/15110 J(part)Sold 11/10/10 J(part)

Sold 03/29/10(part)Sold I 1/lO/IO(part)

J

J

AAAAAAAAAAAAAA

AA

1: incom e G ain C odes! A =$1 ,000 or tess(See C o lu n ms B I an d D4 ) F =$50,001 - $100,000

2 . V alue C o des J = $15 ,000 or less(See C o lu mn s C I an d D3 ) N =$250,001 - $500,000

P3 =$25,000,001 - $50,000,0003. Value Method Codes Q = A p p r a i sa l(See C o lu mn C 2) U =B o o k Va lu e

B =$1,00! - $2,500 C =$2,501 - $5,000 D =$5,1301 - $15,000 E =$15,001 - $50,000G -$100,001 - $1,000,000 H 1 = $1 ,0 00 ,0 01 - $5 ,0 00 ,0 00 H 2 =M o re t ha n $5 ,0 00 ,0 00K =$15 ,001 - $50,000 L = $50;001 - $I00,000 M =$100,001 - $250,000O =$500,001 - $I ,000,000 PI =$1,000,001 - $5,000,000 P2 =$5,000,001 - $25;000,000

P4 =More than $50,000,000R =Cost (Real Estate Only) S =Asse ssmen t T C a s h M a r k etV =Oth e r W =Es t ima ted


32/38

FINANCIAL DISCLOSURE REPORTPage 13 o f 19 Ia m e o f P e r s o n R e p o r t in gBay l son , M i c hae l M . D a t e o f R e p o r t04/27 /2011

V I I . I N V E S T M E N T S a n d T R U S T S - n c o m e , v a l u e , t ransact ions ( Inc ludes those of spouse and dependent chi ldren; see pp. 34-60 o f f! l ing instructions.)[~ NONE income, assets, or transactions.)N o reportableA. [ 3 . C. D.D e s c r i p l , i o n o f A s s e t s Income dur ing G r o s s v a l u e a t e n d Transactions during reporting period

( i n c l u d i n g t r u s t a s s e t s )Place "(X)" after each asset Amount Type (e .g , Value Value Type(e .g . , D a t e V al ue Gain Identity of

exempt from prior disclosure Code 1 div., rent, Code 2 M et hod b u y , s e t l~ mm/dd!yy Code 2 Code 1 buyer/seller(A-H) o r i n t . ) ( J - P ) Code 3 redemption) (J-P) (A -H) (iprivate(Q-W) t r a n s a c t i o n )

154 . -Tur ner Smal l Cap Equ i ty - IRA # 1155.

156 . -W es tco r e In t l Fr on t ie r - IRA #1157.158.1 5 9 . - W e s tc o r e M i d C a p V a l u e - I R A # 1160.

161.

162 . -Wes tcore MIDCO G rowth - IR A # 1163.16 4 . -W i l l i am Bla i r In t l Gr owth - IRA # 1165.

166.167.

168.

169.

170.

-Wil l iam Bla i r In t l Sma l l Cap Growth - IRA#1-W i l l i am Bla i r Lar ge Cap Gr ow th - IRA #1

-W il l i am Bla i r Mid Cap Gr owth - IRA #1

So ld 03 /2 9/1 0 J B(part)Sold 09/16/10 L DSo ld 03/2 9/1 0 J A( p a r t )So ld 09/1 5 /1 0 J A( p a r t )Sold 10/04/10 J A( p a r t )Sold 03 /29 /10 J A( p a r t )So ld 09 /1 5 /10 J A( p a r t )Sold 11/10/10 J A( p a r t )So ld 03 /2 9/10 K A( p a r t )Sold 09/15 /10 J A( p a r t )Sold 09/15 /10 K A( p a r t )Sold 11/10/10 J A(part)Sold 10/04/10 J A(part)So ld 09 /1 5 /1 0 J A( p a r t )Sold 11/10/10 J A( p a r t )

I . Income Gain Cod~s: A = $ 1 ,0 0 0 o r l e ss B =$1,001 - $2,500(See Columns B 1 and D4) F =$50,001 - $100,000 G =$ 100,001 - $1,000,000

2 . Va lu e C o d es J =$15 ,000 or less K =$15 ,001 - $50,000(See Columns C I and D3) N =$250,001 - $5 00,000 O =$500,001 - $ 1,000,000

P3 =$25,000,001 - $50,000.0003. Value Method Codes Q =Appraisal . R ~Cost (Real Estate Only)(See C o lu mn C 2) U =B o o k Va lu e V =Oth e r

C =$2,501 - $5,000 D =$5,001 - $15,000H 1 =$1,000,001 - $5;000,000 H2 =More than $5,000,000L =$50,001- $100,000 M =$ 1 0 0 ,0 0 1 - $25 0 ,0 0 0PI =$t~000,001 -$5,000,000 P2 =$5,000;001 - $25,000,000P4 =More than $50,000,000S =Asse ssmen t T =C ash M ark e tW =Es t ima ted

E =$15,001- $50,000


33/38


N a m e o f P e r s on R e p o r t in gBay l son , M i c hae l M .

D a t e o f R e p o r t04/27 /2011

V I I . I N V E S T M E N T S a n d T R U S T S - income, va lue , t ransact ions ( Inc ludes those o f spouse and dependent ch i ld ren; seepp . 34 -60 o f f ! l ing ins t ruct ions .)N O N E ( N o reportable income, assets, or transactions.)

D e s c r i p t i o n o f A s s e t s( i n c l u d i n g t r u s t a s s e t s )Place "(X)" aider each a s s e t

exempt from prior disclosure

Incom e during G ross value at end Transactions during reporting periodreporting period of reporting period

(1) (2) (1) (2) (1 ) (2) . . . . . . (3) (4~ ......... (5 )Amount Type (e.g., V al ue Va l u e Type (e.g., D a te : : :: Va lu e : Gain Identity OfCode 1 div., rent, C ode 2 Method buy, sell , m m / d d /y y C o d e 2 Code 1 " : : buy~i :/~el ler( A - H ) o r i n t . ) (J-P) Code 3 redemption) U-P) (A-~ (if private

(Q-W) t r a n s a c t i o n )

171.

1 7 2 . I R A # 2 F Di v i d e n d P1 T1 7 3 . - Sc h w a b A d v C a s h R e s e r v e - I R A # 21 7 4 . - S c h w a b V a l u e A d v a n t a g e - I R A # 2175. - A d a m s H a r k n e s s S m a l l C a p G r o w t h - IR A#21 7 6 . - B a r o n G r o w t h - I R A # 2 Bu y 09/17/t 0 L1 7 7 . - B l a c k R o c k L o w D u r a t i o n - I R A # 21 7 8 . - B r a n d y w i n e F u n d - I R A # 2

Bu y 04/29/I 0 J( add l )

1 7 9 . - D F A E m e r g i n g M k t s - I R A # 21 8 0 . - D F A - I n t l Sm a l l V a l u e - I R A # 21 8 1 . - D F A I n t l V a l u e - I R A # 2

Sold 04/29/10 K D(part)Sold 04/29/10 J A(part)

1 8 2 . - D F A O n e Y e a r F i x e d I n c o m e - I R A # 2183 . -DFA Shor t Ter m Gov t Por t fo l io - IRA #2 Bu y 04/29/10 M1 8 4 . - D F A U S L a r g e V a l u e - I R A # 21 8 5 . - D F A U S S m a l l V a l u e - I R A # 21 8 6 . -D F A U S M i c r o - I R A # 2187. -Fi r s t Eag le Over seas - IRA #2

Sold 04129/10 K A(part)Sold 04 /29 /10 K A(part)Sold 04 /29 /10 J A(part)

I. Income Gain Codes:(See C o lu mn s B I an d

2.Value Codes(See Columns C I and D3)

3. Value Method Codes(See C o lu mn C 2)

A=$1,000 or lessF=$50,001 - $100,000J =$15,000 or lessN =$250.001 - $500,000P3=$25,000,001 - $50,000,000Q=AppraisalU =B o o k Va lu e

B=$1,001 - $2,500G =$100,001 - $1,000,000K=$ ] 5,001 - $50,000O =$500,001 - $1,000,000R =Cost (Real Estate Only)V =Olh e r

C =$2,501 - $5,000H 1 =$1,000,00 t - $5,000,000L =$50,001 - $ 100,000Pl =$1,000,001 - $5,000,000P4 =More than $50,000;000S =Assc ssmcn lW =Es t ima ted

D = $5 ,001 - $15 ,000 E = $I 5 ,001 - $50,000H2 =M ore than $5,000,000M =$100,001 ~ $250;000p2 =$5,000;001 - $25;000~000T =C ash M ark e t


34/38



D a t e o f R e p o r t04/27 /2011

V I I . I N V E S T M E N T S a n d T R U S T S - i .e o m c , v a l a e , t ransact ions ( Inc ludes those of spouse and d ependent chi ldren; see pp. 34-60 of f!l lng instructions.)~ NO N E ( N o reportable income, assets, or transactions.)D.

(1) (2)Place "(X)" after each asset Amount Type (e.g.,

exempt from prior disclosure Code 1 div., rent,(A-H) o r i n t . )

~t) (2) (!) .(2) ......... (3)Value V alue : Type (~g . , Date Value

Code 2 Method b u y , s e l l, : m m ! d d / y y C o d e 2( J - P ) Code 3 , r edemp t i on )

(Q-W)

O)G a h a Identi~ of

C o d e 1 buyer/seller( A - H ) (ifpdwitet r a n s a c t i o n )

1 8 8 . - H o t c h k is & W i l e y L a r g e V a l u e - I R A # 21 8 9 . - H o tc h k i s & W i l e y M i d V a l u e - I R A # 21 9 0 . -J a n u s M i d C a p V a l u e - I R A # 2191. - Janus Fund - IRA #2

Sold : 04/29/10 K(part )Sold 104/29/10 K( p a r t )Sold 04 /29 /10 J(part)

A

A

A

1 9 2 . - Ja n u s O v e r s e a s - I R A # 2193. -Met rop ol i t an Wes t Tota l R e turn Bond I -IR A # 21 9 4 . - M o r g a n S t a n l ey E m e r g i n g M k t s - I R A # 2195 . -Mor gan Stan ley In t l Eqty Fund - IRA #2

So ld 04 /2 9/10 J( p a r t )Buy 04/29/I 0 L( add l )Sold 04 /29 /10 J( p a r t )

196 . -Royce Oppor tun i ty - IRA #21 9 7 . - R o y c e V a l u e P l u s - I R A # 21 9 8 . - S o u n d S h o r e - I R A # 2199 . -Th i r d Ave In t l V alue - IRA #22 0 0 . - T h o m b u r g I n t l V a l u e - I R A # 22 0 1 . - T u r n e r C o r e G r o w t h - I R A # 2

Sold 04 /29 /10( p a r t )So ld 04 /2 9/1 0( p a r t )Sold 04 /29 /10(part)Sold 04 /29 /10( p a r t )Sold 04 /29 /10(part)

JJJJ

J

AAAAA

202 . -Turne r Sma l l Cap Equi ty - IRA #2 Sold i 04129110 L D

203 . -W es tco r e In t l Fr on t ie r - IRA #22 0 4 . - W e s t co r e M i d C a p V a l u e - I R A # 2

So ld 04 /2 9/1 0(part)Sold 04 /29 /10(part)

JJ

AA

I. In co m e G ain C od es: A = $1,000 or tess B =$1.001 - $2,500(See C o lu n ms B I an d D4 ) F =$50,001 - $100,000 G = $100,00l - $1,000,000

2 . V alue C o des J = $15 ,000 o r less K =$15,001 - $50,000(See Columns C I and D3) N =$250,001 - $500,000 O =$500,001 - $1,000,000

P3 =$25,000,001 - $50,000,0003. Value Method Codes Q = A p p r a i sa l R =Cost (Real Estate Only)(See C o lu mn C 2) U =B o o k Va lu e V =Oth e r

C =$2,501= $5,000 D = $5 ,001 - $15 ,000 E =$15,00t - $50,000H l =$1 i0o0~00 i : $5100o,oo6 H 2 =Mb ~ tha~ $5 ;ooo;oooL = $50i00! $100,000 M = $I00~ 001 :$250 ;000Pl =$1,000,001 - $5;000,000 P2 =$5,000,00t - $25~000,000P4 =More than $50,000,000S =As~Ssme~( . ... T - - C ash M ark e tW =Es t ima ted


35/38


N a m e o f P e r s o n R e p o r t in gB a y l s o n , M i c h a el M .

Date o f Report04/27 /2011

V I I . I N V E S T M E N T S a n d T R U S T S - income, value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of filing instructions.)N O N E ( N o reportable income, assets, or transactions.)

D e s c r i p t io n o f A s s e t s( i n c l u d i n g t r u s t a s s e t s )Place "(X)" a~er each asset

exempt from prior disclosure

I n c o m e d u r i n gr e p o r t i n g p e r i o d ofrepo~ting per iod

( 1 ) ( 2 ) (1) (2 ) (! ) (2) .... ( 3 . )A m o u n t T y p e ( e . g .; V alue V alue Type (e .g. , D a t e ValueC o d e . 1 div. , rent , C o d e 2 M e t h o d b u y , se ll ,, ,. ~ r a m / dd / yy Code2(A-H) o r i n t . ) O ~ P ) : C o d e 3 r ~ ! r 0 P ~ ) ( J = P )

G r o s s v a l u e a t e n d Transact ons during reporting period(4 ) ( 5 )

G a i n Identity ofCode 1 : buyer/seller( A - H ) ( i f p r iVa tet r a n s a c t i o n )

2 0 5 . - W e s tc o r e M I D C O G r o w t h - I R A # 2206. -Wil l iam Bla i r In t l Growth - IRA #2207 . -W i l l i am Bla i r In t l Smal l Cap Gr owth - IRA

#22 0 8 . - W i l li a m B l a i r L a r g e C a p G r o w t h - I R A # 2

Sold 04/29/10 KSold 04/29/10 J( p a r t )

AA

2 0 9 . - W i ll i a m B l a i r M i d C a p G r o w t h - I R A # 2210.2 1 1 .2 1 2 . S E P I R A # 1 A Div idend K T2 1 3 . - D F A G l o b a l 6 0 / 4 0 - S E P I R A # 1 Bu y 04/20/10 K214. - S c h w a b A d v i s o r P r em i u m C a s h R e s e r v e -SEP IRA# 1215.

Bu y 04/16/10 J

216.2 1 7 . G o v e r n m e n t o f I s r a e l N o n e Matured 01/01/10 J A218.219.220 . Ren ta l Pr oper ty ; Ph i ladelph ia , PA E R e n t 0 W22 I . Gr eenspan -Bay lson Par tner sh ip A Int . /Div. K U

1. Income Gain Codes:(See C o lu mn s B I an d I ) 4 )

2.Valu e C o d es(See C o lu mn s C I an d D3 )


A =$1 ,000 or less B =$1;001 - $2;500F =$50,001 - $ 100,000 G =St 00,001 -$i,0001000J =$15,000 or less K 5515,001 -$50,000N = $250,00t - $500,000 O =$500,001 - $1;000,000P3 =$25,000,001 - $50,000,000Q = A p p r a i sa l R = C o s t (Rea l Es ta te On ly )U =B o o k Va lu e V = O t h e r

C = $ 2 i5 0 1 - $ 5 ,0 0 0 D = $ 5 , 0 0 1 - $ 1 5 ,0 0 0f a t ~ $ i ~ 0 0 0 1 0 0 i 2 $ 5 ; o o 0 , 0 0 o H2 = Mo r e t h a n $ 5 , 0 0 0 , 0 0 0L ~$50;001 2 $100;000 M =$100,001 - $250;000

Pi~$] 000 001 .$5 000 000 P2 =$5,000,001 - $25,000,000P4 =M0re than $50,000;000S = A s s e s s m e n t T = C a s h M a r k e tW = E~ t in la t ed

E =$15,001- $50,000


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N a m e o f P e r so n R e p o r t i n gBay l son , M i c hae l M .

D a t e o f R e p o r t04/27/2011

V I I . I N V E S T M E N T S a n d T R U S T S - in c o m e , v a l u e , transactions (Includes those o f spouse and dependent children; see pp. 34-60 of f!ling instructions.)N O N E (No reportable income, assets, or transactions.)

Descrip tio n o f A ssets Incom e dm ing Gross value at endIincluding trust assets) reporting period of reporting period

(1) (2) . (1) ....... (2 ) ( 1 ~ (2) (3) (4) (5 )PlaCe ,~)" after each asset Amount.....Type (~.g., Va l u e ValUe ~ype (e .g . , D a t e . V a l u e Gain Identity of

exempt fmm prio r d isc losure Code : l d iv . , re n t , C o d e 2 Method . bUy~se! l , mm/dd/yy C o d e 2 C o d e l b uyer/se lle r(A-H) o r i n t . ) (J-P) Code 3 redempt ion) O-P) (A-H) ( i f p r i v a t e(Q-W) transaction)

222 . BB Par tne r sh ip N o n e K W2 2 3 . Z a b e c o r N o n e K W224. LLR Equi ty Pa r tne r s Pa ra l le l I II N o n e L U225. P lane t Da ta Acq . N o n e K W2 2 6 . M e n l o A c q u i s i ti o n s C o r p . N o n e C lo sed 01 /01 /1 02 2 7 . A d v a n c e d R e p r o d u c t i v e C a r e N o n e J W228. Baum r in e t a l Pa r tne r sh ip N o n e K W2 2 9. K e y ston e Pr o p e r ty N o n e J W Bu y 02/15 /102 3 0 . V e r s a Ca p i t a l B Interes t K W Bu y 01 /22/10

J

K

A

1. income Gain C~ddgi A ~ : l i000 or l ess B =$1,001 - $2,500(See C o lu mn s B I an d D4 ) F =$50,001 - $100,000 G =$100,001 - $1,000,000

2. V alue C o d es J = $15,000 or less K =$15,001 - $50,000(See Columns C 1 and D3) N =$250 ,001 - $500,000 O =$5 00,001 - $1 ,000,000

P 3 = $ 25 0 00 0 01 $ 5 0 0 0 0 0 003. Value Method Codes Q =A p p r a i sa l R =Cost (Real Estale Only)(See C o lu mn C 2) U =BoO k Value V = O t h e r

C =$2,501 - $5,000H i =$1,000,00 i - $5,000;000L =$50;001- $ 100~000P! =$t,000,001 - $5,000,000P4 =More than $50;000,000S = A s s e s s m e n tW = Es t ima ted

D =$5,001 - $15,000H2 =More than $5,000,000M =$100,001 - $250,000P2 =$5,000,00~ - $25,000,000T = C a s h M a r k e t

E =$15,001 - $50,000


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Nam e of Person Repor t ingB a y l s o n , M i c h a e l M .

Date of Repor t04/27 /201 l

V I II . A D D IT I O N A L I N F O R M A T I O N O R E X P L A N A T I O N S . (lndicatepartofrepor,.)


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Nam e of Person Repor t ingB a y l s o n , M i c h a e l M .

Date o f Report04/27 /2011

IX. CERTIFICATION.I c e r t if y t h a t a l l i n f o r m a t i o n g i v e n a b o v e ( i n c l u d i n g i n f o r m a t i o n p e r t a i n i n g t o m y s p o u s e a n d m i n o r o r d e p e n d e n t c h i l d r e n , if a n y ) i s

a c c u r a t e , t ru e , a n d c o m p l e t e t o t h e b e s t o f m y k n o w l e d g e a n d b e l i e f , a n d t h a t a n y i n f o r m a t i o n n o t r e p o r t e d w a s w i t h h e l d b e c a u s e i t m e t a p p l i c a b l e s t a tu t o r yp r o v i s i o n s p e r m i t ti n g n o n - d i s c l o s u r e .1 f u r t h e r c e r ti f y t h a t e a r n e d i n c o m e f r o m o u t s id e e m p l o y m e n t a n d h o n o r a r i a a n d t h e a c c e p t a n c e o f g i f ts w h i c h h a v e b e e n r e p o r t e d a r e i nc o m p l i a n c e w i t h t h e p r o v i s i o n s o f 5 U . S . C . a p p . 5 0 1 e t . s e q . , 5 U . S . C . 7 3 5 3 , a n d J u d i c i a l C o n f e r e n c e r e g u l a ti o n s .

Signature: S/M ichae l M. B ay l son

N O T E : A N Y I N D I V I D U A L W H O K N O W I N G L Y A N D W I L F U L L Y F A L S IF I ES O R F A I L S T O F I L E T H I S R E P O R T M A Y B E S U B JE C T T O C I V I LA N D C R I M I N A L S A N C T I O N S ( 5 U . S .C . a p p . 1 04 )

Committee on Financial DisclosureAdministrative Office of the United States CourtsSuite 2-301One Columbus Circle, N.E.Washington, D.C. 20544

Michael M Baylson Financial Disclosure Report for 2010

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