The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Currencyshares British Pound S COM 23129S106 394 2,800 SH   SOLE   2,800 0 0
First Trust Senior Loan ETF COM 33738d309 295 6,200 SH   SOLE   6,200 0 0
IShares Core U S Aggregate Bon COM 464287226 1,724 15,557 SH   SOLE   15,557 0 0
IShares IBoxx Investment Grade COM 464287242 1,893 15,935 SH   SOLE   15,935 0 0
IShares Preferred Stock ETF COM 464288687 2,055 52,650 SH   SOLE   52,650 0 0
PowerShares Financial Preferre COM 73935x229 3,689 196,200 SH   SOLE   196,200 0 0
Powershares Preferred Portfoli COM 73936t565 1,986 133,130 SH   SOLE   133,130 0 0
American Tower Corp COM 03027X100 22,675 221,505 SH   SOLE   221,505 0 0
American Tower Corp COM 03027X100 4,917 48,033 SH   DFND 1 48,033 0 0
Crown Castle International Cor COM 22822V101 16,524 191,033 SH   SOLE   186,683 0 4,350
Crown Castle International Cor COM 22822V101 3,434 39,700 SH   DFND 1 39,700 0 0
Essex Property Trust Inc COM 297178105 1,335 5,708 SH   SOLE   5,708 0 0
Kimco Realty Corp COM 49446R109 691 24,000 SH   SOLE   24,000 0 0
Pennsylvania Real Estate Inves COM 709102107 326 14,900 SH   SOLE   14,900 0 0
UDR Inc COM 902653104 729 18,912 SH   SOLE   18,912 0 0
Washington Real Estate Investm COM 939653101 915 31,325 SH   SOLE   31,325 0 0
Weyerhaeuser Co COM 962166104 9,710 313,423 SH   SOLE   303,998 0 9,425
ABB Ltd Sponsored ADR ADR 000375204 11,055 569,255 SH   SOLE   568,655 0 600
ABB Ltd Sponsored ADR ADR 000375204 2,857 147,100 SH   DFND 1 147,100 0 0
BP PLC Sponsored ADR ADR 055622104 782 25,918 SH   SOLE   25,918 0 0
BP PLC Sponsored ADR ADR 055622104 453 15,000 SH   DFND 1 15,000 0 0
GlaxoSmithkline PLC ADR ADR 37733W105 10,564 260,529 SH   SOLE   260,529 0 0
GlaxoSmithkline PLC ADR ADR 37733W105 7,129 175,800 SH   DFND 1 175,800 0 0
HSBC Holdings PLC ADS ADR 404280406 967 31,080 SH   SOLE   31,080 0 0
National Grid PLC Sponsored AD ADR 636274300 320 4,485 SH   SOLE   4,485 0 0
Novartis AG Sponsored ADR ADR 66987V109 890 12,280 SH   SOLE   12,280 0 0
Novo Nordisk AS Sponsored ADR ADR 670100205 684 12,625 SH   SOLE   12,625 0 0
Royal Dutch Shell PLC Cl A Spo ADR 780259206 23,371 482,375 SH   SOLE   481,040 0 1,335
Royal Dutch Shell PLC Cl A Spo ADR 780259206 8,309 171,500 SH   DFND 1 171,500 0 0
SAP SE ADR ADR 803054204 18,244 226,857 SH   SOLE   226,442 0 415
SAP SE ADR ADR 803054204 3,852 47,900 SH   DFND 1 47,900 0 0
Siemens A G Sponsored ADR ADR 826197501 2,402 22,705 SH   SOLE   22,275 0 430
Teva Pharmaceutical Industries ADR 881624209 8,269 154,525 SH   SOLE   146,675 0 7,850
Vodafone Group Inc ADR 92857W308 11,452 357,309 SH   SOLE   349,049 0 8,260
WPP Group PLC Spon ADR ADR 92937A102 448 3,852 SH   SOLE   3,852 0 0
3M CO COM 88579Y101 39,100 234,651 SH   SOLE   234,651 0 0
3M CO COM 88579Y101 4,116 24,700 SH   DFND 1 24,700 0 0
A T & T Inc COM 00206R102 1,981 50,578 SH   SOLE   46,049 0 4,529
Abbott Laboratories COM 002824100 2,266 54,177 SH   SOLE   53,677 0 500
Abbvie Inc COM 00287Y109 17,311 303,067 SH   SOLE   302,692 0 375
Abbvie Inc COM 00287Y109 3,090 54,100 SH   DFND 1 54,100 0 0
Accenture Ltd Cl A COM G1151C101 678 5,875 SH   SOLE   5,875 0 0
Air Lease Corp COM 00912x302 18,701 582,231 SH   SOLE   573,746 0 8,485
Air Lease Corp COM 00912x302 3,421 106,500 SH   DFND 1 106,500 0 0
Air Products & Chemicals Inc COM 009158106 281 1,952 SH   SOLE   1,952 0 0
Alleghany Corp COM 017175100 831 1,674 SH   SOLE   1,674 0 0
Allstate Corp COM 020002101 6,412 95,180 SH   SOLE   93,540 0 1,640
Alphabet Inc Cl A COM 02079k305 19,864 26,038 SH   SOLE   25,957 0 81
Alphabet Inc Cl A COM 02079k305 2,701 3,540 SH   DFND 1 3,540 0 0
Alphabet Inc Cl C COM 02079k107 21,680 29,102 SH   SOLE   27,840 0 1,262
Alphabet Inc Cl C COM 02079k107 2,639 3,543 SH   DFND 1 3,543 0 0
Altria Group Inc COM 02209S103 4,794 76,503 SH   SOLE   76,503 0 0
Amazon.Com Inc COM 023135106 1,211 2,040 SH   SOLE   2,040 0 0
American Electric Power Inc COM 025537101 270 4,065 SH   SOLE   4,065 0 0
American Express Co COM 025816109 12,228 199,154 SH   SOLE   199,104 0 50
American Express Co COM 025816109 8,129 132,400 SH   DFND 1 132,400 0 0
American International Group I COM 026874784 6,460 119,512 SH   SOLE   116,152 0 3,360
Ameriprise Financial Inc COM 03076C106 2,658 28,275 SH   SOLE   28,275 0 0
Ameriprise Financial Inc COM 03076C106 3,490 37,120 SH   DFND 1 37,120 0 0
Amgen Inc COM 031162100 404 2,692 SH   SOLE   2,692 0 0
Anadarko Petroleum Corp COM 032511107 2,028 43,540 SH   SOLE   39,725 0 3,815
Apple Inc COM 037833100 23,147 212,380 SH   SOLE   206,251 0 6,129
Apple Inc COM 037833100 2,725 25,000 SH   DFND 1 25,000 0 0
Autoliv Inc COM 052800109 254 2,148 SH   SOLE   2,148 0 0
Automatic Data Processing Inc COM 053015103 377 4,200 SH   SOLE   4,200 0 0
Avangrid Inc COM 05351W103 201 4,999 SH   SOLE   4,999 0 0
Bank Of America Corp COM 060505104 2,198 162,585 SH   SOLE   158,094 0 4,491
Bank Of America Corp COM 060505104 1,230 91,000 SH   DFND 1 91,000 0 0
Bank Of Montreal COM 063671101 254 4,183 SH   SOLE   4,183 0 0
Bank Of New York Mellon Corp COM 064058100 6,124 166,278 SH   SOLE   165,773 0 505
Baxalta Inc COM 07177M103 288 7,131 SH   SOLE   7,131 0 0
Baxter International Inc COM 071813109 2,386 58,072 SH   SOLE   56,106 0 1,966
Becton Dickinson & Co COM 075887109 911 6,000 SH   SOLE   6,000 0 0
Bed Bath & Beyond Inc COM 075896100 2,724 54,878 SH   SOLE   54,693 0 185
Berkshire Hathaway Inc Cl A COM 084670108 2,135 10 SH   SOLE   10 0 0
Berkshire Hathaway Inc Cl A COM 084670108 427 2 SH   DFND 1 2 0 0
Berkshire Hathaway Inc Cl B COM 084670702 122,184 861,177 SH   SOLE   859,427 0 1,750
Berkshire Hathaway Inc Cl B COM 084670702 10,490 73,938 SH   DFND 1 73,938 0 0
Biogen Inc COM 09062X103 11,608 44,593 SH   SOLE   44,578 0 15
Biogen Inc COM 09062X103 2,688 10,325 SH   DFND 1 10,325 0 0
Bristol-Myers Squibb Co COM 110122108 3,587 56,158 SH   SOLE   56,158 0 0
Brookfield Asset Management Cl COM 112585104 1,971 56,666 SH   SOLE   56,666 0 0
Buckeye Partners L P COM 118230101 375 5,525 SH   SOLE   5,525 0 0
Cabot Corp COM 127055101 232 4,800 SH   SOLE   4,800 0 0
Cabot Oil & Gas Corp COM 127097103 636 28,000 SH   SOLE   28,000 0 0
Celgene Corp COM 151020104 11,529 115,188 SH   SOLE   115,048 0 140
Celgene Corp COM 151020104 2,147 21,450 SH   DFND 1 21,450 0 0
Cenovus Energy Inc COM 15135U109 249 19,152 SH   SOLE   19,152 0 0
Chevron Corp COM 166764100 8,332 87,340 SH   SOLE   85,880 0 1,460
Chubb Ltd COM H1467J104 8,283 69,516 SH   SOLE   65,686 0 3,830
Cisco Systems Inc COM 17275R102 635 22,305 SH   SOLE   11,805 0 10,500
Coca Cola Co COM 191216100 3,854 83,069 SH   SOLE   76,669 0 6,400
Coca Cola Co COM 191216100 23 500 SH   DFND 1 500 0 0
Colgate Palmolive Co COM 194162103 23,824 337,213 SH   SOLE   334,888 0 2,325
Colgate Palmolive Co COM 194162103 11,269 159,500 SH   DFND 1 159,500 0 0
Comcast Corp Cl A COM 20030N101 34,186 559,700 SH   SOLE   549,185 0 10,515
Comcast Corp Cl A COM 20030N101 15,237 249,462 SH   DFND 1 249,462 0 0
ConocoPhillips COM 20825C104 7,241 179,817 SH   SOLE   179,617 0 200
ConocoPhillips COM 20825C104 1,313 32,600 SH   DFND 1 32,600 0 0
Consolidated Edison Inc COM 209115104 276 3,600 SH   SOLE   3,600 0 0
Contrafect Corp COM 212326102 51 15,000 SH   SOLE   15,000 0 0
Corning Inc COM 219350105 376 18,006 SH   SOLE   18,006 0 0
Costco Wholesale Corp COM 22160K105 3,260 20,691 SH   SOLE   20,191 0 500
CSX Corp COM 126408103 269 10,450 SH   SOLE   1,150 0 9,300
CVS Health Corp COM 126650100 5,835 56,249 SH   SOLE   52,074 0 4,175
Danaher Corp COM 235851102 728 7,670 SH   SOLE   5,280 0 2,390
Dick's Sporting Goods Inc COM 253393102 3,346 71,575 SH   SOLE   71,275 0 300
Disney Walt Co COM 254687106 137,845 1,388,032 SH   SOLE   1,387,907 0 125
Disney Walt Co COM 254687106 55,723 561,100 SH   DFND 1 561,100 0 0
Dominion Resources Inc COM 25746U109 1,000 13,316 SH   SOLE   13,316 0 0
Dow Chemical Co COM 260543103 329 6,466 SH   SOLE   6,466 0 0
Duke Energy Corp COM 26441C204 399 4,946 SH   SOLE   4,946 0 0
E I Du Pont De Nemours & Co COM 263534109 4,034 63,704 SH   SOLE   62,604 0 1,100
Eli Lilly & Co COM 532457108 14,979 208,011 SH   SOLE   206,111 0 1,900
Eli Lilly & Co COM 532457108 7,302 101,400 SH   DFND 1 101,400 0 0
EMC Corp COM 268648102 16,020 601,141 SH   SOLE   597,891 0 3,250
EMC Corp COM 268648102 3,305 124,000 SH   DFND 1 124,000 0 0
Emerson Electric Co COM 291011104 12,541 230,625 SH   SOLE   230,625 0 0
Emerson Electric Co COM 291011104 3,176 58,400 SH   DFND 1 58,400 0 0
Encana Corp COM 292505104 73 11,970 SH   SOLE   11,970 0 0
Enterprise Products Partners L COM 293792107 466 18,936 SH   SOLE   18,936 0 0
Era Group Inc COM 26885G109 286 30,528 SH   SOLE   30,528 0 0
Everest Re Group Ltd COM G3223R108 247 1,250 SH   SOLE   1,250 0 0
Exelon Corp COM 30161N101 391 10,905 SH   SOLE   10,905 0 0
Express Scripts Holding Co COM 30219G108 1,624 23,643 SH   SOLE   23,643 0 0
Exxon Mobil Corp COM 30231G102 11,886 142,199 SH   SOLE   141,199 0 1,000
Exxon Mobil Corp COM 30231G102 84 1,000 SH   DFND 1 1,000 0 0
Facebook Inc Cl A COM 30303M102 17,989 157,664 SH   SOLE   153,914 0 3,750
Facebook Inc Cl A COM 30303M102 4,404 38,600 SH   DFND 1 38,600 0 0
Fedex Corp COM 31428X106 22,362 137,424 SH   SOLE   137,214 0 210
Fedex Corp COM 31428X106 2,604 16,000 SH   DFND 1 16,000 0 0
Fidelity National Financial Cl COM 31620R303 1,141 33,649 SH   SOLE   33,649 0 0
Fidelity National Information COM 31620M106 1,608 25,399 SH   SOLE   25,399 0 0
General Dynamics Corp COM 369550108 484 3,685 SH   SOLE   3,685 0 0
General Electric Co COM 369604103 44,013 1,384,494 SH   SOLE   1,359,682 0 24,812
General Electric Co COM 369604103 9,238 290,606 SH   DFND 1 290,606 0 0
Gilead Sciences Inc COM 375558103 21,406 233,031 SH   SOLE   228,501 0 4,530
Gilead Sciences Inc COM 375558103 3,132 34,100 SH   DFND 1 34,100 0 0
Halliburton Co COM 406216101 713 19,950 SH   SOLE   19,950 0 0
Harris Corp COM 413875105 1,832 23,524 SH   SOLE   19,889 0 3,635
Hartford Financial Services Gr COM 416515104 19,641 426,238 SH   SOLE   426,188 0 50
Hartford Financial Services Gr COM 416515104 5,049 109,570 SH   DFND 1 109,570 0 0
Hershey Foods Corp COM 427866108 249 2,706 SH   SOLE   2,706 0 0
Hess Corp COM 42809H107 22,507 427,477 SH   SOLE   420,332 0 7,145
Hess Corp COM 42809H107 7,216 137,058 SH   DFND 1 137,058 0 0
Hewlett Packard Enterprise Co COM 42824C109 177 10,000 SH   SOLE   0 0 10,000
HollyFrontier Corp COM 436106108 247 7,000 SH   SOLE   7,000 0 0
Home Depot Inc COM 437076102 2,483 18,609 SH   SOLE   18,609 0 0
Honeywell International Inc COM 438516106 34,999 312,351 SH   SOLE   309,441 0 2,910
Honeywell International Inc COM 438516106 3,709 33,100 SH   DFND 1 33,100 0 0
Illinois Tool Works COM 452308109 17,015 166,097 SH   SOLE   166,047 0 50
Illinois Tool Works COM 452308109 4,098 40,000 SH   DFND 1 40,000 0 0
Intel Corp COM 458140100 687 21,244 SH   SOLE   21,244 0 0
International Business Machine COM 459200101 6,023 39,772 SH   SOLE   38,672 0 1,100
International Paper Co COM 460146103 1,231 30,000 SH   SOLE   30,000 0 0
International Paper Co COM 460146103 371 9,040 SH   DFND 1 9,040 0 0
ITC Holdings Corp COM 465685105 259 5,934 SH   SOLE   5,934 0 0
J P Morgan Chase & Co COM 46625H100 7,698 129,988 SH   SOLE   128,558 0 1,430
Janus Capital Group Inc COM 47102X105 585 40,000 SH   SOLE   40,000 0 0
John Wiley & Sons Inc Cl A COM 968223206 1,829 37,410 SH   SOLE   37,410 0 0
Johnson & Johnson Co COM 478160104 68,867 636,481 SH   SOLE   636,081 0 400
Johnson & Johnson Co COM 478160104 10,988 101,550 SH   DFND 1 101,550 0 0
Kansas City Southern Industrie COM 485170302 10,630 124,400 SH   SOLE   124,400 0 0
Kansas City Southern Industrie COM 485170302 1,555 18,200 SH   DFND 1 18,200 0 0
Kimberly Clark Corp COM 494368103 372 2,768 SH   SOLE   2,704 0 64
Kirby Corp COM 497266106 856 14,202 SH   SOLE   14,202 0 0
Kirby Corp COM 497266106 66 1,100 SH   DFND 1 1,100 0 0
Kraft Heinz Co COM 500754106 1,072 13,649 SH   SOLE   13,649 0 0
Laboratory Corp America Holdin COM 50540R409 19,133 163,347 SH   SOLE   163,227 0 120
Laboratory Corp America Holdin COM 50540R409 3,795 32,400 SH   DFND 1 32,400 0 0
Lexicon Genetics Inc COM 528872302 178 14,903 SH   SOLE   14,903 0 0
Lockheed Martin Corp COM 539830109 4,233 19,111 SH   SOLE   19,061 0 50
Loews Corp COM 540424108 798 20,850 SH   SOLE   20,850 0 0
Lowes Cos Inc COM 548661107 361 4,770 SH   SOLE   4,770 0 0
Maiden Holdings Ltd COM G5753U112 184 14,200 SH   SOLE   14,200 0 0
Marathon Oil Corp COM 565849106 111 10,000 SH   SOLE   10,000 0 0
Mastercard Inc Class A COM 57636q104 458 4,845 SH   SOLE   4,845 0 0
McDermott International Inc COM 580037109 53 12,970 SH   SOLE   12,970 0 0
McDonalds Corp COM 580135101 1,582 12,586 SH   SOLE   11,896 0 690
Medtronic PLC COM G5960L103 23,653 315,377 SH   SOLE   310,727 0 4,650
Medtronic PLC COM G5960L103 4,628 61,700 SH   DFND 1 61,700 0 0
Merck & Co Inc COM 58933Y105 6,913 130,659 SH   SOLE   126,684 0 3,975
Merck & Co Inc COM 58933Y105 370 7,000 SH   DFND 1 7,000 0 0
Metlife Inc COM 59156R108 13,040 296,779 SH   SOLE   286,379 0 10,400
Metlife Inc COM 59156R108 1,599 36,400 SH   DFND 1 36,400 0 0
Microsoft Corp COM 594918104 5,405 97,861 SH   SOLE   92,361 0 5,500
Mondelez International Inc COM 609207105 2,938 73,242 SH   SOLE   71,242 0 2,000
Newell Brands Inc COM 651229106 259 5,850 SH   SOLE   3,850 0 2,000
Newmont Mining Corp COM 651639106 13,021 489,870 SH   SOLE   482,035 0 7,835
Newmont Mining Corp COM 651639106 2,884 108,500 SH   DFND 1 108,500 0 0
News Corp New Cl A COM 65249B109 44 3,423 SH   SOLE   3,423 0 0
News Corp New Cl A COM 65249B109 87 6,820 SH   DFND 1 6,820 0 0
NextEra Energy Inc COM 65339F101 652 5,507 SH   SOLE   5,507 0 0
Norfolk Southern Corp COM 655844108 4,472 53,720 SH   SOLE   53,720 0 0
Norfolk Southern Corp COM 655844108 2,847 34,200 SH   DFND 1 34,200 0 0
Northern Trust Corp COM 665859104 391 6,000 SH   SOLE   6,000 0 0
Occidental Petroleum Corp COM 674599105 409 5,970 SH   SOLE   5,970 0 0
Oracle Corp COM 68389X105 810 19,797 SH   SOLE   5,197 0 14,600
PayPal Holdings Inc COM 70450Y103 19,606 507,919 SH   SOLE   499,529 0 8,390
PayPal Holdings Inc COM 70450Y103 3,559 92,200 SH   DFND 1 92,200 0 0
Pepsico Inc COM 713448108 98,844 964,519 SH   SOLE   958,145 0 6,374
Pepsico Inc COM 713448108 35,571 347,100 SH   DFND 1 347,100 0 0
Pfizer Inc COM 717081103 10,132 341,843 SH   SOLE   326,268 0 15,575
Philip Morris International In COM 718172109 7,354 74,952 SH   SOLE   74,952 0 0
Phillips 66 COM 718546104 247 2,858 SH   SOLE   2,858 0 0
PPL Corp COM 69351T106 459 12,064 SH   SOLE   12,064 0 0
Procter & Gamble Co COM 742718109 32,516 395,042 SH   SOLE   391,523 0 3,519
Procter & Gamble Co COM 742718109 19,384 235,500 SH   DFND 1 235,500 0 0
QEP Resources Inc COM 74733V100 305 21,600 SH   SOLE   21,600 0 0
Qualcomm Inc COM 747525103 5,259 102,832 SH   SOLE   93,102 0 9,730
Quest Diagnostics Inc COM 74834L100 286 4,000 SH   SOLE   4,000 0 0
Questar Corp COM 748356102 536 21,600 SH   SOLE   21,600 0 0
Raytheon Co COM 755111507 25,757 210,036 SH   SOLE   207,926 0 2,110
Raytheon Co COM 755111507 4,366 35,600 SH   DFND 1 35,600 0 0
Reynolds American Inc COM 761713106 221 4,400 SH   SOLE   4,400 0 0
Robert Half International Inc COM 770323103 507 10,885 SH   SOLE   9,010 0 1,875
Rockwell Collins Inc COM 774341101 15,880 172,215 SH   SOLE   171,941 0 274
Rockwell Collins Inc COM 774341101 4,813 52,200 SH   DFND 1 52,200 0 0
Royal Bank Of Canada COM 780087102 403 7,010 SH   SOLE   7,010 0 0
Schlumberger Ltd COM 806857108 25,769 349,411 SH   SOLE   343,881 0 5,530
Schlumberger Ltd COM 806857108 3,016 40,900 SH   DFND 1 40,900 0 0
Seacor Holdings Inc COM 811904101 1,662 30,528 SH   SOLE   30,528 0 0
Shaw Communications Inc Cl B COM 82028K200 241 12,500 SH   SOLE   12,500 0 0
Signature Bank COM 82669g104 323 2,375 SH   SOLE   2,375 0 0
Southern Co COM 842587107 459 8,878 SH   SOLE   8,878 0 0
St. Jude Medical Inc COM 790849103 405 7,355 SH   SOLE   7,355 0 0
Starbucks Corp COM 855244109 971 16,271 SH   SOLE   16,271 0 0
State Street Corp COM 857477103 460 7,862 SH   SOLE   7,862 0 0
SVB Financial Group COM 78486Q101 214 2,100 SH   SOLE   2,100 0 0
Synchrony Financial COM 87165b103 16,341 570,183 SH   SOLE   569,191 0 992
Synchrony Financial COM 87165b103 3,376 117,787 SH   DFND 1 117,787 0 0
Target Corp COM 87612E106 432 5,255 SH   SOLE   5,255 0 0
Thermo Fisher Scientific Inc COM 883556102 5,867 41,437 SH   SOLE   36,877 0 4,560
Time Warner Inc COM 887317303 23,759 327,483 SH   SOLE   321,728 0 5,755
Time Warner Inc COM 887317303 4,041 55,700 SH   DFND 1 55,700 0 0
TJX Cos Inc COM 872540109 3,236 41,300 SH   SOLE   41,300 0 0
Torchmark Corp COM 891027104 3,900 72,009 SH   SOLE   72,009 0 0
Torchmark Corp COM 891027104 3,900 72,004 SH   DFND 1 72,004 0 0
Twenty-First Century Fox Inc C COM 90130A101 401 14,394 SH   SOLE   14,394 0 0
Twenty-First Century Fox Inc C COM 90130A101 761 27,280 SH   DFND 1 27,280 0 0
Union Pacific Corp COM 907818108 36,089 453,664 SH   SOLE   453,434 0 230
Union Pacific Corp COM 907818108 11,763 147,870 SH   DFND 1 147,870 0 0
United Parcel Service Inc Cl B COM 911312106 10,862 102,984 SH   SOLE   101,784 0 1,200
United Parcel Service Inc Cl B COM 911312106 1,044 9,900 SH   DFND 1 9,900 0 0
United Technologies Corp COM 913017109 25,003 249,780 SH   SOLE   249,545 0 235
United Technologies Corp COM 913017109 4,484 44,800 SH   DFND 1 44,800 0 0
Varian Medical Systems Inc COM 92220P105 1,102 13,770 SH   SOLE   13,770 0 0
Vectren Corp COM 92240G101 242 4,795 SH   SOLE   4,795 0 0
Verizon Communications COM 92343V104 2,841 52,541 SH   SOLE   51,991 0 550
Waddell & Reed Financial Inc C COM 930059100 341 14,486 SH   SOLE   14,486 0 0
Waddell & Reed Financial Inc C COM 930059100 326 13,863 SH   DFND 1 13,863 0 0
Wal Mart Stores Inc COM 931142103 490 7,159 SH   SOLE   4,409 0 2,750
Walgreen Boots Alliance Inc COM 931427108 719 8,530 SH   SOLE   8,530 0 0
Wells Fargo & Co COM 949746101 2,647 54,741 SH   SOLE   54,741 0 0
Whirlpool Corp COM 963320106 234 1,300 SH   SOLE   0 0 1,300
White Mountains Insurance Grou COM G9618E107 1,038 1,293 SH   SOLE   1,293 0 0
Yum Brands Inc COM 988498101 10,751 131,347 SH   SOLE   131,347 0 0
Yum Brands Inc COM 988498101 11,541 141,000 SH   DFND 1 141,000 0 0
Consumer Discretionary Sector COM 81369y407 2,810 35,521 SH   SOLE   35,386 0 135
Consumer Staples Select Sector COM 81369y308 308 5,800 SH   SOLE   5,800 0 0
Energy Sector SPDR COM 81369Y506 732 11,825 SH   SOLE   11,825 0 0
Financial Sector SPDR COM 81369Y605 428 19,000 SH   SOLE   18,980 0 20
IQ 50 Percent Hedged FTSE Euro COM 45409B552 276 16,000 SH   SOLE   16,000 0 0
IShares Dow Jones Select Divid COM 464287168 270 3,300 SH   SOLE   3,300 0 0
IShares Russell 1000 Growth ET COM 464287614 204 2,041 SH   SOLE   2,041 0 0
IShares Trust MSCI EAFE ETF COM 464287465 460 8,048 SH   SOLE   8,048 0 0
Market Vectors Pharmaceuticals COM 57060U217 287 5,000 SH   SOLE   5,000 0 0
Market Vectors Semiconductor E COM 57060U233 493 8,950 SH   SOLE   8,950 0 0
Powershares QQQ Trust COM 73935A104 3,144 28,788 SH   SOLE   28,788 0 0
Schwab International Equity ET COM 808524805 210 7,763 SH   SOLE   7,763 0 0
Schwab US Large Cap ETF COM 808524201 937 19,180 SH   SOLE   19,180 0 0
SPDR MSCI All Country World Ex COM 78463X848 1,248 40,504 SH   SOLE   40,504 0 0
SPDR S&P 500 ETF Trust COM 78462F103 16,897 82,216 SH   SOLE   82,141 0 75
Technology Sector SPDR COM 81369Y803 1,633 36,808 SH   SOLE   36,808 0 0
Vanguard REIT ETF COM 922908553 253 3,020 SH   SOLE   3,020 0 0