0001365559-19-000003.txt : 20190207 0001365559-19-000003.hdr.sgml : 20190207 20190207090411 ACCESSION NUMBER: 0001365559-19-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190207 DATE AS OF CHANGE: 20190207 EFFECTIVENESS DATE: 20190207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baker Ellis Asset Management LLC CENTRAL INDEX KEY: 0001365559 IRS NUMBER: 752997594 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12091 FILM NUMBER: 19573626 BUSINESS ADDRESS: STREET 1: 1231 NW HOYT STREET STREET 2: SUITE 306 CITY: PORTLAND STATE: OR ZIP: 97209 BUSINESS PHONE: 503-227-5778 MAIL ADDRESS: STREET 1: 1231 NW HOYT STREET STREET 2: SUITE 306 CITY: PORTLAND STATE: OR ZIP: 97209 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001365559 XXXXXXXX 12-31-2018 12-31-2018 false Baker Ellis Asset Management LLC
1231 Nw Hoyt Street Suite 306 Portland OR 97209
13F HOLDINGS REPORT 028-12091 N
Barnes Ellis Chief Compliance Officer 503-227-5778 Barnes Ellis Portland OR 02-07-2019 0 218 329589
INFORMATION TABLE 2 infotable.xml 3M Company COMMON STOCK 88579Y101 3075 16140 SH SOLE 16140 0 0 Abbott Laboratories COMMON STOCK 002824100 1099 15200 SH SOLE 15200 0 0 AbbVie Inc. COMMON STOCK 00287Y109 2025 21966 SH SOLE 21966 0 0 Accenture PLC COMMON STOCK G1151C101 199 1410 SH SOLE 1410 0 0 Actinium Pharmaceuticals, Inc. COMMON STOCK 00507W107 4 10000 SH SOLE 10000 0 0 Alaska Air Group COMMON STOCK 011659109 225 3700 SH SOLE 3700 0 0 Albemarle Corp COMMON STOCK 012653101 588 7625 SH SOLE 7625 0 0 AllianceBernstein Holding L.P. COMMON STOCK 01881G106 273 10000 SH SOLE 10000 0 0 Alphabet Inc. CL A COMMON STOCK 02079K305 1697 1624 SH SOLE 1624 0 0 Alphabet Inc. CL C COMMON STOCK 02079K107 3317 3203 SH SOLE 3203 0 0 Altria Group COMMON STOCK 718154107 240 4850 SH SOLE 4850 0 0 Amazon.com Inc. COMMON STOCK 023135106 1256 836 SH SOLE 836 0 0 American Express COMMON STOCK 025816109 1395 14639 SH SOLE 14639 0 0 AmerisourceBergen Corp. COMMON STOCK 03073E105 3176 42684 SH SOLE 42684 0 0 Anadarko Pete Corp COMMON STOCK 032511107 119 2725 SH SOLE 2725 0 0 Apple Computer COMMON STOCK 037833100 2550 16169 SH SOLE 16169 0 0 AptarGroup Inc COMMON STOCK 038336103 141 1500 SH SOLE 1500 0 0 Ares Cap Corp Com COMMON STOCK 04010L103 125 8000 SH SOLE 8000 0 0 Armada Hoffler Properties, Inc. COMMON STOCK 04208T108 675 48000 SH SOLE 48000 0 0 AT&T COMMON STOCK 00206R102 239 8372 SH SOLE 8372 0 0 Automatic Data Processing COMMON STOCK 053015103 629 4800 SH SOLE 4800 0 0 Avangrid Inc. COMMON STOCK 05351W103 100 2000 SH SOLE 2000 0 0 Ball Corp COMMON STOCK 058498106 1695 36862 SH SOLE 36862 0 0 Bank of America COMMON STOCK 060505104 360 14600 SH SOLE 14600 0 0 Bank of New York Mellon COMMON STOCK 064058100 862 18312 SH SOLE 18312 0 0 Bank of Nova Scotia COMMON STOCK 064149107 586 11753 SH SOLE 11753 0 0 BCE Inc. COMMON STOCK 05534B760 354 8950 SH SOLE 8950 0 0 Becton Dickinson Co COMMON STOCK 075887109 135 600 SH SOLE 600 0 0 Berkshire Hathaway Cl A COMMON STOCK 084670108 6120 20 SH SOLE 20 0 0 Berkshire Hathaway Cl B COMMON STOCK 084670702 13047 63899 SH SOLE 63899 0 0 Bluerock Residential PFD A COMMON STOCK 09627J508 121 4800 SH SOLE 4800 0 0 Boeing COMMON STOCK 097023105 616 1910 SH SOLE 1910 0 0 BP p.l.c. COMMON STOCK 055622104 399 10510 SH SOLE 10510 0 0 Bristol Myers Squibb COMMON STOCK 110122108 1464 28159 SH SOLE 28159 0 0 Brixmor Property Group Inc. COMMON STOCK 11120U105 609 41475 SH SOLE 41475 0 0 Broadridge Financial Solutions COMMON STOCK 11133T103 274 2850 SH SOLE 2850 0 0 Butler National Corp COMMON STOCK 123720104 14 39400 SH SOLE 39400 0 0 Canadian National Railway Co. COMMON STOCK 136375102 170 2300 SH SOLE 2300 0 0 Caterpillar COMMON STOCK 149123101 116 915 SH SOLE 915 0 0 ChevronTexaco COMMON STOCK 166764100 1422 13075 SH SOLE 13075 0 0 Cisco Systems COMMON STOCK 17275R102 478 11043 SH SOLE 11043 0 0 City Office Reit Red PFD Ser A 6.625 REIT 178587200 230 10200 SH SOLE 10200 0 0 City Office Reit, Inc. REIT 178587101 211 20600 SH SOLE 20600 0 0 Clarus Corp. COMMON STOCK 18270P109 103 10200 SH SOLE 10200 0 0 Clorox Company COMMON STOCK 189054109 470 3051 SH SOLE 3051 0 0 Coca-Cola Company COMMON STOCK 191216100 185 3900 SH SOLE 3900 0 0 Comcast Corporation COMMON STOCK 20030N101 2556 75077 SH SOLE 75077 0 0 Conoco Phillips COMMON STOCK 718507106 115 1840 SH SOLE 1840 0 0 Corning Inc COMMON STOCK 219350105 184 6100 SH SOLE 6100 0 0 Costco Wholesale COMMON STOCK 22160K105 1633 8018 SH SOLE 8018 0 0 Deere & Company COMMON STOCK 244199105 733 4911 SH SOLE 4911 0 0 Diageo PLC COMMON STOCK 25243Q205 260 1835 SH SOLE 1835 0 0 Dominion Resources COMMON STOCK 25746U109 339 4747 SH SOLE 4747 0 0 DowDuPont Inc. COMMON STOCK 26078J100 1619 30281 SH SOLE 30281 0 0 Duke Energy COMMON STOCK 264399106 418 4838 SH SOLE 4838 0 0 Edwards Lifesciences COMMON STOCK 28176E108 245 1600 SH SOLE 1600 0 0 Equinor ASA Spon Adr Each Rep 1 Ord Shs COMMON STOCK 29446M102 129 6100 SH SOLE 6100 0 0 Equity Residential REIT 29476L107 112 1700 SH SOLE 1700 0 0 Eversource Energy COMMON STOCK 30040W108 891 13692 SH SOLE 13692 0 0 Exxon Mobil COMMON STOCK 30231G102 1188 17416 SH SOLE 17416 0 0 Fedex Corp COMMON STOCK 31428X106 766 4750 SH SOLE 4750 0 0 Fiat Chrysler Automobiles N.V. COMMON STOCK N31738102 1484 102600 SH SOLE 102600 0 0 Flexshares Quality Dividend Index Fd. ETF/ETN 33939L860 386 9702 SH SOLE 9702 0 0 Fomento Economico Mexicano COMMON STOCK 344419106 3824 44445 SH SOLE 44445 0 0 Fresh Del Monte Produce Inc. COMMON STOCK G36738105 694 24534 SH SOLE 24534 0 0 Gabelli Global Sml & Md Cap PFD. COMMON STOCK 36249W203 112 4600 SH SOLE 4600 0 0 General American Investors Co. COMMON STOCK 368802104 114 4000 SH SOLE 4000 0 0 General Electric COMMON STOCK 369604103 98 12950 SH SOLE 12950 0 0 GlaxoSmithKline Plc Adr COMMON STOCK 37733W105 115 3000 SH SOLE 3000 0 0 Goldman Sachs ActiveBeta Intl Eq ETF ETF/ETN 381430107 101 4000 SH SOLE 4000 0 0 Goldman Sachs TreasuryAccess 0-1 Year ETF ETF/ETN 381430529 5053 50500 SH SOLE 50500 0 0 Hanesbrands Inc. COMMON STOCK 410345102 809 64600 SH SOLE 64600 0 0 Hasbro COMMON STOCK 418056107 158 1950 SH SOLE 1950 0 0 Hexcel Corp. COMMON STOCK 428291108 4143 72245 SH SOLE 72245 0 0 Highwoods Properties Inc. REIT 431284108 468 12100 SH SOLE 12100 0 0 Home Depot COMMON STOCK 437076102 1099 6399 SH SOLE 6399 0 0 Honeywell International Inc COMMON STOCK 438516106 2655 20093 SH SOLE 20093 0 0 Host Hotels & Resorts, Inc. COMMON STOCK 44107P104 1146 68725 SH SOLE 68725 0 0 Humana Inc. REIT 444859102 158 550 SH SOLE 550 0 0 Imperial Oil Ltd. COMMON STOCK 453038408 100 3950 SH SOLE 3950 0 0 Ingles Markets, Inc. COMMON STOCK 457030104 906 33302 SH SOLE 33302 0 0 Intel COMMON STOCK 458140100 1072 22835 SH SOLE 22835 0 0 Intl Paper Co. COMMON STOCK 460146103 2473 61266 SH SOLE 61266 0 0 Invesco FTSE RAFI US 1000 ETF ETF/ETN 73935X583 9844 96922 SH SOLE 96922 0 0 Invesco Ltd. COMMON STOCK G491BT108 400 23870 SH SOLE 23870 0 0 Invesco QQQ Trust ETF/ETN 631100104 1389 9005 SH SOLE 9005 0 0 Invesco S&P 500 Equal Weight ETF ETF/ETN 739371813 3590 39280 SH SOLE 39280 0 0 Investors Title COMMON STOCK 461804106 468 2650 SH SOLE 2650 0 0 Iron Mountain Inc COMMON STOCK 462846106 1209 37300 SH SOLE 37300 0 0 iShares 1-3 Yr Treas Index Fd ETF/ETN 464287457 4723 56480 SH SOLE 56480 0 0 iShares Core MSCI Total Intl Stk ETF ETF/ETN 46432F834 1564 29780 SH SOLE 29780 0 0 iShares Edge MSCI Multifactor International ETF ETF/ETN 46434V274 206 8700 SH SOLE 8700 0 0 iShares Edge MSCI USA Quality Factor ETF ETF/ETN 46432F339 192 2500 SH SOLE 2500 0 0 iShares Global REIT ETF ETF/ETN 46434V647 103 4400 SH SOLE 4400 0 0 iShares Hong Kong Index Fd ETF/ETN 464286871 135 5975 SH SOLE 5975 0 0 iShares MSCI EAFE Minimum Volatility ETF/ETN 46429B689 6608 99130 SH SOLE 99130 0 0 iShares Msci Eafe Small Cap Index Fd ETF/ETN 464288273 2375 45830 SH SOLE 45830 0 0 iShares MSCI Emerging Markets Min Volatilty ETF/ETN 464286533 124 2215 SH SOLE 2215 0 0 iShares Russell 1000 ETF/ETN 464287622 263 1899 SH SOLE 1899 0 0 iShares Russell 1000 Growth Index Fd ETF/ETN 464287614 198 1511 SH SOLE 1511 0 0 iShares Russell 1000 Value Index Fd ETF/ETN 464287598 304 2738 SH SOLE 2738 0 0 iShares Russell Mid-Cap Index ETF/ETN 464287499 255 5476 SH SOLE 5476 0 0 iShares Russell Midcap Value Index ETF/ETN 464287473 326 4266 SH SOLE 4266 0 0 iShares Short Maturity Bond ETF ETF/ETN 46431W507 150 3000 SH SOLE 3000 0 0 iShares Tr Russell 2000 Index Fd ETF/ETN 464287655 108 807 SH SOLE 807 0 0 ITT Inc. COMMON STOCK 45073V108 904 18724 SH SOLE 18724 0 0 J P Morgan Chase COMMON STOCK 46625H100 2087 21380 SH SOLE 21380 0 0 JM Smucker COMMON STOCK 832696405 305 3265 SH SOLE 3265 0 0 John Bean Technologies COMMON STOCK 477839104 1325 18452 SH SOLE 18452 0 0 Johnson & Johnson COMMON STOCK 478160104 3938 30517 SH SOLE 30517 0 0 JP Morgan Diversified Return Intl Eq ETF ETF/ETN 46641Q209 852 16750 SH SOLE 16750 0 0 JPMorgan Diversified Return Global Equity ETF ETF/ETN 46641Q100 141 2600 SH SOLE 2600 0 0 KLA-Tencor Corp COMMON STOCK 482480100 932 10420 SH SOLE 10420 0 0 Kraft Heinz Co. COMMON STOCK 500754106 135 3133 SH SOLE 3133 0 0 Kroger COMMON STOCK 501044101 5984 217609 SH SOLE 217609 0 0 Laboratory Corp of America Holdings COMMON STOCK 50540R409 1972 15605 SH SOLE 15605 0 0 Lam Research Corp. COMMON STOCK 512807108 724 5315 SH SOLE 5315 0 0 Luxfer Holdings PLC COMMON STOCK 550678106 167 9500 SH SOLE 9500 0 0 Marathon Petroleum Corp COMMON STOCK 56585A102 1338 22678 SH SOLE 22678 0 0 Marriott International, Inc. COMMON STOCK 571903202 117 1080 SH SOLE 1080 0 0 MartenTransport Ltd. COMMON STOCK 573075108 281 17375 SH SOLE 17375 0 0 Matson Navigation Co. COMMON STOCK 57686G105 619 19346 SH SOLE 19346 0 0 Merck & Co Inc COMMON STOCK 58933Y105 1707 22337 SH SOLE 22337 0 0 Microsoft COMMON STOCK 594918104 6641 65386 SH SOLE 65386 0 0 Mid-America Apartment Communities Inc. REIT 59522J103 1639 17125 SH SOLE 17125 0 0 Mine Safety Appliances COMMON STOCK 602720104 471 5000 SH SOLE 5000 0 0 Molson Coors Brewing Company COMMON STOCK 60871R209 2270 40426 SH SOLE 40426 0 0 Mondelez International Inc. COMMON STOCK 609207105 357 8906 SH SOLE 8906 0 0 NBT Bancorp Inc COMMON STOCK 628778102 346 10000 SH SOLE 10000 0 0 New York Times COMMON STOCK 650111107 334 15000 SH SOLE 15000 0 0 NextEra Energy Inc New COMMON STOCK 65339F101 441 2538 SH SOLE 2538 0 0 Nike, Inc. COMMON STOCK 654106103 1580 21307 SH SOLE 21307 0 0 Nordstrom Inc. COMMON STOCK 655664100 2148 46090 SH SOLE 46090 0 0 Norfolk Southern Crp COMMON STOCK 655844108 565 3780 SH SOLE 3780 0 0 Northrop Grumman Corp. COMMON STOCK 666807102 3804 15532 SH SOLE 15532 0 0 Novartis AG Adr COMMON STOCK 66987V109 2272 26481 SH SOLE 26481 0 0 Oracle COMMON STOCK 68389X105 316 7004 SH SOLE 7004 0 0 Paccar Inc COMMON STOCK 693718108 2350 41120 SH SOLE 41120 0 0 Pepsico, Inc. COMMON STOCK 713448108 5863 53072 SH SOLE 53072 0 0 Pfizer Inc. COMMON STOCK 717081103 1082 24792 SH SOLE 24792 0 0 Philip Morris Intl COMMON STOCK 718172109 138 2060 SH SOLE 2060 0 0 Pimco ETF Short Maturity Str ETF/ETN 72201R833 1837 18200 SH SOLE 18200 0 0 Pitney Bowes Inc. COMMON STOCK 724479100 96 16200 SH SOLE 16200 0 0 Pope Resources a Delaware LP COMMON STOCK 732857107 321 4900 SH SOLE 4900 0 0 Portland Gen Elec Co COMMON STOCK 736508847 855 18640 SH SOLE 18640 0 0 Potlatch Corp COMMON STOCK 737630103 248 7844 SH SOLE 7844 0 0 PPL Corp. COMMON STOCK 69351T106 1094 38623 SH SOLE 38623 0 0 Procter & Gamble COMMON STOCK 742718109 857 9325 SH SOLE 9325 0 0 ProLogis COMMON STOCK 743410102 546 9300 SH SOLE 9300 0 0 Quest Diagnostics Inc. COMMON STOCK 74834L100 142 1700 SH SOLE 1700 0 0 Rayonier COMMON STOCK 754907103 271 9777 SH SOLE 9777 0 0 Raytheon COMMON STOCK 755111507 1373 8956 SH SOLE 8956 0 0 Royal Dutch Shell Cl A COMMON STOCK 780259206 233 4000 SH SOLE 4000 0 0 Royal Dutch Shell Cl B COMMON STOCK 780259107 393 6550 SH SOLE 6550 0 0 S & P 500 Index Fund ETF/ETN 78462F103 1634 6537 SH SOLE 6537 0 0 Schwab Fundamental Intl Lg Co ETF ETF/ETN 808524755 219 8700 SH SOLE 8700 0 0 Schwab Fundamental US Large Company ETF ETF/ETN 808524771 139 4100 SH SOLE 4100 0 0 Seagate Technology COMMON STOCK G7945J104 120 3100 SH SOLE 3100 0 0 Seaspan Corporation COMMON STOCK Y75638109 444 56650 SH SOLE 56650 0 0 Sonoco Products COMMON STOCK 835495102 2277 42853 SH SOLE 42853 0 0 Southwest Air COMMON STOCK 844741108 222 4780 SH SOLE 4780 0 0 SPDR S&P Biotech ETF ETF/ETN 78464A870 470 6555 SH SOLE 6555 0 0 SPDR S&P Dividend ETF ETF/ETN 78464A763 131 1460 SH SOLE 1460 0 0 Starbucks COMMON STOCK 855244109 943 14637 SH SOLE 14637 0 0 Starwood Ppty Trust, Inc. REIT 85571B105 1472 74700 SH SOLE 74700 0 0 Streettracks Gold Shrs ETF/ETN 78463V107 1862 15358 SH SOLE 15358 0 0 Stryker Corp COMMON STOCK 863667101 2778 17720 SH SOLE 17720 0 0 T Rowe Price Group, Inc. COMMON STOCK 74144T108 181 1960 SH SOLE 1960 0 0 TETRA Technologies Inc. COMMON STOCK 88162F105 34 20500 SH SOLE 20500 0 0 Tompkins Financial Corp COMMON STOCK 890110109 128 1700 SH SOLE 1700 0 0 Travelers Cos Inc. COMMON STOCK 89417E109 287 2395 SH SOLE 2395 0 0 Trustco Bk Corp Ny COMMON STOCK 898349105 158 23000 SH SOLE 23000 0 0 Twenty-First Century Fox, Cl B COMMON STOCK 90130A200 191 4000 SH SOLE 4000 0 0 UGI Corp COMMON STOCK 902681105 722 13536 SH SOLE 13536 0 0 UMH Pptys Inc PFD C 6.750 PREFERRED STOCK 903002400 115 5000 SH SOLE 5000 0 0 Union Pacific Corporation COMMON STOCK 907818108 6028 43607 SH SOLE 43607 0 0 United Technologies Corp. COMMON STOCK 913017109 1860 17469 SH SOLE 17469 0 0 Unitedhealth Group COMMON STOCK 91324P102 421 1690 SH SOLE 1690 0 0 Urstadt Biddle Pptys REIT 917286106 817 54240 SH SOLE 54240 0 0 Urstadt Biddle Pptys 6.75 12/31/2049 PREFERRED STOCK 917286809 509 20575 SH SOLE 20575 0 0 Urstadt Biddle Pptys Inc Cl A COMMON STOCK 917286205 1744 90714 SH SOLE 90714 0 0 Urstadt Biddle Pptys Inc Cum Pfd H 6.250 PREFERRED STOCK 917286882 817 34900 SH SOLE 34900 0 0 US Bancorp COMMON STOCK 902973304 3969 86853 SH SOLE 86853 0 0 V F Corp COMMON STOCK 918204108 121 1700 SH SOLE 1700 0 0 Vanguard Energy ETF ETF/ETN 92204A306 1633 21183 SH SOLE 21183 0 0 Vanguard Extended Mkt ETF ETF/ETN 922908652 2429 24336 SH SOLE 24336 0 0 Vanguard Financials ETF ETF/ETN 92204A405 1700 28633 SH SOLE 28633 0 0 Vanguard FTSE All World ex-US Small-Cap ETF ETF/ETN 922042718 972 10270 SH SOLE 10270 0 0 Vanguard Global ex-US Real Estate ETF ETF/ETN 922042676 246 4700 SH SOLE 4700 0 0 Vanguard Growth ETF ETF/ETN 922908736 228 1700 SH SOLE 1700 0 0 Vanguard Health Care ETF ETF/ETN 92204A504 1959 12200 SH SOLE 12200 0 0 Vanguard High Dividend Yield Index ETF ETF/ETN 921946406 15508 198845 SH SOLE 198845 0 0 Vanguard Information Technology ETF ETF/ETN 92204A702 8491 50893 SH SOLE 50893 0 0 Vanguard Intermediate-Term Corp Bd ETF ETF/ETN 92206C870 297 3580 SH SOLE 3580 0 0 Vanguard Intl Hi Div Yld Idx ETF ETF/ETN 921946794 343 6100 SH SOLE 6100 0 0 Vanguard Mega Cap ETF ETF/ETN 921910873 2752 31680 SH SOLE 31680 0 0 Vanguard Mid-Cap Value ETF ETF/ETN 922908512 668 7010 SH SOLE 7010 0 0 Vanguard REIT ETF ETF/ETN 922908553 2258 30280 SH SOLE 30280 0 0 Vanguard S&P 500 ETF ETF/ETN 922908363 8793 38261 SH SOLE 38261 0 0 Vanguard Short Term Bond ETF ETF/ETN 921937827 1186 15100 SH SOLE 15100 0 0 Vanguard Small Cap Value ETF ETF/ETN 922908611 3436 30125 SH SOLE 30125 0 0 Vanguard Total Stock Mkt ETF ETF/ETN 922908769 29913 234370 SH SOLE 234370 0 0 Vanguard Total World Stk Index ETF ETF/ETN 922042742 3572 54572 SH SOLE 54572 0 0 Vanguard Utilities ETF ETF/ETN 92204A876 1273 10804 SH SOLE 10804 0 0 Vanguard Value ETF ETF/ETN 922908744 125 1278 SH SOLE 1278 0 0 Verizon Communications COMMON STOCK 92343V104 3909 69537 SH SOLE 69537 0 0 Visa Inc COMMON STOCK 92826C839 721 5462 SH SOLE 5462 0 0 Wal-Mart Stores COMMON STOCK 931142103 469 5039 SH SOLE 5039 0 0 Walt Disney Co. COMMON STOCK 254687106 3744 34143 SH SOLE 34143 0 0 Waste Management COMMON STOCK 94106L109 773 8686 SH SOLE 8686 0 0 Wells Fargo & Co COMMON STOCK 949746101 723 15689 SH SOLE 15689 0 0 Westport Fuel Systems Inc. COMMON STOCK 960908309 13 10000 SH SOLE 10000 0 0 Weyerhaeuser COMMON STOCK 962166104 1119 51171 SH SOLE 51171 0 0 WisdomTree DEFA ETF ETF/ETN 97717W703 3878 83227 SH SOLE 83227 0 0 WisdomTree Emerging Mkts Smallcap Div COMMON STOCK 97717W281 4449 106195 SH SOLE 106195 0 0 Xylem Inc COMMON STOCK 98419M100 454 6798 SH SOLE 6798 0 0 Zimmer Biomet Holdings, Inc. COMMON STOCK 98956P102 143 1380 SH SOLE 1380 0 0 Park City Group Inc. COMMON STOCK 700215304 110 18450 SH SOLE 18450 0 0