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
First Trust Senior Loan ETF COM 33738d309 240 5,000 SH   SOLE   5,000 0 0
IShares Core U S Aggregate Bon COM 464287226 1,780 16,281 SH   SOLE   16,281 0 0
IShares IBoxx Investment Grade COM 464287242 2,096 17,240 SH   SOLE   17,240 0 0
IShares Preferred Stock ETF COM 464288687 2,101 55,191 SH   SOLE   55,191 0 0
PowerShares Financial Preferre COM 73935x229 3,483 184,600 SH   SOLE   184,600 0 0
Powershares Preferred Portfoli COM 73936t565 1,963 132,130 SH   SOLE   132,130 0 0
American Tower Corp COM 03027X100 29,488 206,689 SH   SOLE   202,074 0 4,615
American Tower Corp COM 03027X100 8,983 62,966 SH   DFND 1 62,966 0 0
Crown Castle International Cor COM 22822V101 22,934 206,590 SH   SOLE   193,060 0 13,530
Crown Castle International Cor COM 22822V101 6,117 55,100 SH   DFND 1 55,100 0 0
Essex Property Trust Inc COM 297178105 1,012 4,191 SH   SOLE   4,191 0 0
Iron Mountain Inc COM 46284v101 289 7,661 SH   SOLE   7,661 0 0
Simon Property Group Inc COM 828806109 441 2,565 SH   SOLE   45 0 2,520
UDR Inc COM 902653104 566 14,701 SH   SOLE   14,701 0 0
Washington Real Estate Investm COM 939653101 599 19,263 SH   SOLE   19,263 0 0
Weyerhaeuser Co COM 962166104 21,127 599,166 SH   SOLE   563,581 0 35,585
Weyerhaeuser Co COM 962166104 5,131 145,520 SH   DFND 1 145,520 0 0
BP PLC Sponsored ADR ADR 055622104 1,006 23,933 SH   SOLE   23,933 0 0
BP PLC Sponsored ADR ADR 055622104 630 15,000 SH   DFND 1 15,000 0 0
GlaxoSmithkline PLC ADR ADR 37733W105 9,752 274,941 SH   SOLE   274,941 0 0
GlaxoSmithkline PLC ADR ADR 37733W105 6,874 193,800 SH   DFND 1 193,800 0 0
Novartis AG Sponsored ADR ADR 66987V109 966 11,509 SH   SOLE   11,509 0 0
Novo Nordisk AS Sponsored ADR ADR 670100205 509 9,490 SH   SOLE   9,490 0 0
Royal Dutch Shell PLC Cl A Spo ADR 780259206 34,676 519,807 SH   SOLE   492,557 0 27,250
Royal Dutch Shell PLC Cl A Spo ADR 780259206 15,572 233,430 SH   DFND 1 233,430 0 0
SAP SE ADR ADR 803054204 22,348 198,894 SH   SOLE   198,323 0 571
SAP SE ADR ADR 803054204 6,499 57,840 SH   DFND 1 57,840 0 0
Siemens A G Sponsored ADR ADR 826197501 2,041 29,460 SH   SOLE   28,600 0 860
Vodafone Group Inc ADR 92857W308 10,283 322,354 SH   SOLE   281,943 0 40,411
Vodafone Group Inc ADR 92857W308 341 10,680 SH   DFND 1 10,680 0 0
WPP Group PLC Spon ADR ADR 92937A102 274 3,024 SH   SOLE   3,024 0 0
3M CO COM 88579Y101 52,627 223,594 SH   SOLE   223,594 0 0
3M CO COM 88579Y101 8,026 34,100 SH   DFND 1 34,100 0 0
A T & T Inc COM 00206R102 8,451 217,356 SH   SOLE   168,042 0 49,314
Abbott Laboratories COM 002824100 1,961 34,356 SH   SOLE   34,356 0 0
Abbvie Inc COM 00287Y109 1,699 17,565 SH   SOLE   17,565 0 0
Accenture Ltd Cl A COM G1151C101 533 3,479 SH   SOLE   3,159 0 320
AES Corp COM 00130H105 166 15,365 SH   SOLE   15,365 0 0
Air Lease Corp COM 00912x302 29,930 622,369 SH   SOLE   582,515 0 39,854
Air Lease Corp COM 00912x302 10,619 220,820 SH   DFND 1 220,820 0 0
Air Products & Chemicals Inc COM 009158106 320 1,952 SH   SOLE   1,952 0 0
Alleghany Corp COM 017175100 907 1,521 SH   SOLE   1,521 0 0
Allstate Corp COM 020002101 6,793 64,877 SH   SOLE   63,197 0 1,680
Alphabet Inc Cl A COM 02079k305 27,640 26,239 SH   SOLE   24,169 0 2,070
Alphabet Inc Cl A COM 02079k305 5,351 5,080 SH   DFND 1 5,080 0 0
Alphabet Inc Cl C COM 02079k107 29,125 27,834 SH   SOLE   25,873 0 1,961
Alphabet Inc Cl C COM 02079k107 4,943 4,724 SH   DFND 1 4,724 0 0
Altria Group Inc COM 02209S103 4,680 65,543 SH   SOLE   65,543 0 0
Amazon.Com Inc COM 023135106 26,067 22,290 SH   SOLE   20,055 0 2,235
Amazon.Com Inc COM 023135106 6,438 5,505 SH   DFND 1 5,505 0 0
American Electric Power Inc COM 025537101 292 3,965 SH   SOLE   3,965 0 0
American Express Co COM 025816109 19,603 197,395 SH   SOLE   196,880 0 515
American Express Co COM 025816109 14,211 143,100 SH   DFND 1 143,100 0 0
American International Group I COM 026874784 9,420 158,105 SH   SOLE   127,308 0 30,797
American International Group I COM 026874784 322 5,400 SH   DFND 1 5,400 0 0
Ameriprise Financial Inc COM 03076C106 4,792 28,275 SH   SOLE   28,275 0 0
Ameriprise Financial Inc COM 03076C106 6,608 38,995 SH   DFND 1 38,995 0 0
Amgen Inc COM 031162100 520 2,992 SH   SOLE   2,992 0 0
Amphenol Corp Cl A COM 032095101 263 3,000 SH   SOLE   3,000 0 0
Anadarko Petroleum Corp COM 032511107 289 5,385 SH   SOLE   4,405 0 980
Apple Inc COM 037833100 36,234 214,112 SH   SOLE   192,453 0 21,659
Apple Inc COM 037833100 5,808 34,320 SH   DFND 1 34,320 0 0
Applied Materials Inc COM 038222105 951 18,595 SH   SOLE   2,360 0 16,235
Aqua America Inc COM 03836W103 216 5,500 SH   SOLE   5,500 0 0
Autoliv Inc COM 052800109 273 2,148 SH   SOLE   2,148 0 0
Automatic Data Processing Inc COM 053015103 520 4,436 SH   SOLE   4,436 0 0
Avangrid Inc COM 05351W103 253 4,999 SH   SOLE   4,999 0 0
Bank Of America Corp COM 060505104 6,596 223,432 SH   SOLE   162,026 0 61,406
Bank Of America Corp COM 060505104 2,982 101,000 SH   DFND 1 101,000 0 0
Bank Of Montreal COM 063671101 349 4,364 SH   SOLE   4,364 0 0
Bank Of New York Mellon Corp COM 064058100 8,290 153,915 SH   SOLE   152,785 0 1,130
Baxter International Inc COM 071813109 2,861 44,254 SH   SOLE   38,568 0 5,686
Becton Dickinson & Co COM 075887109 1,284 6,000 SH   SOLE   6,000 0 0
Berkshire Hathaway Inc Cl A COM 084670108 2,678 9 SH   SOLE   9 0 0
Berkshire Hathaway Inc Cl A COM 084670108 1,190 4 SH   DFND 1 4 0 0
Berkshire Hathaway Inc Cl B COM 084670702 171,540 865,404 SH   SOLE   853,969 0 11,435
Berkshire Hathaway Inc Cl B COM 084670702 18,107 91,348 SH   DFND 1 91,348 0 0
Black Knight Financial Service COM 09215C105 321 7,273 SH   SOLE   7,273 0 0
BlackRock Inc COM 09247x101 311 605 SH   SOLE   605 0 0
Blackstone Group LP COM 09253U108 529 16,535 SH   SOLE   2,035 0 14,500
Boeing Co COM 097023105 313 1,060 SH   SOLE   1,060 0 0
Bristol-Myers Squibb Co COM 110122108 4,000 65,277 SH   SOLE   65,277 0 0
Broadcom Ltd COM Y09827109 25,939 100,969 SH   SOLE   91,980 0 8,989
Broadcom Ltd COM Y09827109 7,584 29,520 SH   DFND 1 29,520 0 0
Brookfield Asset Management Cl COM 112585104 1,725 39,622 SH   SOLE   39,622 0 0
Buckeye Partners L P COM 118230101 274 5,525 SH   SOLE   5,525 0 0
Cabot Corp COM 127055101 296 4,800 SH   SOLE   4,800 0 0
Cabot Oil & Gas Corp COM 127097103 815 28,500 SH   SOLE   28,500 0 0
Carnival Corp COM 143658300 56 850 SH   SOLE   850 0 0
Carnival Corp COM 143658300 358 5,400 SH   DFND 1 5,400 0 0
Caterpillar Inc COM 149123101 3,967 25,174 SH   SOLE   25,174 0 0
CBS Corp Cl B COM 124857202 22,135 375,173 SH   SOLE   334,252 0 40,921
CBS Corp Cl B COM 124857202 4,047 68,600 SH   DFND 1 68,600 0 0
Celgene Corp COM 151020104 11,923 114,251 SH   SOLE   103,782 0 10,469
Celgene Corp COM 151020104 2,930 28,080 SH   DFND 1 28,080 0 0
Cenovus Energy Inc COM 15135U109 144 15,792 SH   SOLE   15,792 0 0
Cerner Corp COM 156782104 76 1,135 SH   SOLE   460 0 675
Cerner Corp COM 156782104 437 6,480 SH   DFND 1 6,480 0 0
Chevron Corp COM 166764100 10,755 85,908 SH   SOLE   77,295 0 8,613
Chubb Ltd COM H1467J104 9,542 65,297 SH   SOLE   53,096 0 12,201
Chubb Ltd COM H1467J104 351 2,400 SH   DFND 1 2,400 0 0
Cisco Systems Inc COM 17275R102 4,218 110,125 SH   SOLE   50,950 0 59,175
Citigroup Inc COM 172967424 1,412 18,980 SH   SOLE   1,980 0 17,000
Coca Cola Co COM 191216100 2,901 63,235 SH   SOLE   63,235 0 0
Coca Cola Co COM 191216100 23 500 SH   DFND 1 500 0 0
Colgate Palmolive Co COM 194162103 24,570 325,643 SH   SOLE   315,103 0 10,540
Colgate Palmolive Co COM 194162103 13,241 175,500 SH   DFND 1 175,500 0 0
Comcast Corp Cl A COM 20030N101 36,506 911,501 SH   SOLE   910,177 0 1,324
Comcast Corp Cl A COM 20030N101 23,315 582,144 SH   DFND 1 582,144 0 0
Conagra Brands Inc COM 205887102 781 20,735 SH   SOLE   2,585 0 18,150
ConocoPhillips COM 20825C104 14,027 255,547 SH   SOLE   221,257 0 34,290
ConocoPhillips COM 20825C104 3,556 64,780 SH   DFND 1 64,780 0 0
Consolidated Edison Inc COM 209115104 333 3,920 SH   SOLE   3,920 0 0
Contrafect Corp COM 212326102 15 15,000 SH   SOLE   15,000 0 0
Corning Inc COM 219350105 528 16,506 SH   SOLE   16,506 0 0
Costco Wholesale Corp COM 22160K105 3,676 19,751 SH   SOLE   19,486 0 265
CVS Health Corp COM 126650100 9,604 132,463 SH   SOLE   107,995 0 24,468
Danaher Corp COM 235851102 358 3,855 SH   SOLE   3,355 0 500
Disney Walt Co COM 254687106 154,831 1,440,156 SH   SOLE   1,418,893 0 21,263
Disney Walt Co COM 254687106 64,973 604,340 SH   DFND 1 604,340 0 0
Dominion Energy Inc COM 25746U109 1,066 13,156 SH   SOLE   13,156 0 0
DowDuPont Inc COM 26078J100 9,297 130,539 SH   SOLE   115,174 0 15,365
DTE Energy Company COM 233331107 224 2,050 SH   SOLE   2,050 0 0
Duke Energy Corp COM 26441C204 323 3,846 SH   SOLE   3,846 0 0
Eaton Corp PLC COM G29183103 610 7,716 SH   SOLE   696 0 7,020
Eli Lilly & Co COM 532457108 17,398 205,990 SH   SOLE   205,990 0 0
Eli Lilly & Co COM 532457108 9,375 111,000 SH   DFND 1 111,000 0 0
Emerson Electric Co COM 291011104 756 10,847 SH   SOLE   10,847 0 0
Encana Corp COM 292505104 143 10,745 SH   SOLE   8,995 0 1,750
Enterprise Products Partners L COM 293792107 444 16,738 SH   SOLE   16,738 0 0
Exelixis Inc COM 30161Q104 213 7,000 SH   SOLE   7,000 0 0
Exelon Corp COM 30161N101 319 8,100 SH   SOLE   8,100 0 0
Express Scripts Holding Co COM 30219G108 2,233 29,917 SH   SOLE   18,122 0 11,795
Exxon Mobil Corp COM 30231G102 12,452 148,882 SH   SOLE   132,868 0 16,014
Exxon Mobil Corp COM 30231G102 84 1,000 SH   DFND 1 1,000 0 0
Facebook Inc Cl A COM 30303M102 26,568 150,561 SH   SOLE   137,492 0 13,069
Facebook Inc Cl A COM 30303M102 8,791 49,820 SH   DFND 1 49,820 0 0
Fedex Corp COM 31428X106 38,641 154,848 SH   SOLE   146,764 0 8,084
Fedex Corp COM 31428X106 9,962 39,920 SH   DFND 1 39,920 0 0
Fidelity National Financial Cl COM 31620R303 941 23,981 SH   SOLE   23,981 0 0
Fidelity National Information COM 31620M106 1,718 18,264 SH   SOLE   18,264 0 0
General Dynamics Corp COM 369550108 1,160 5,700 SH   SOLE   3,625 0 2,075
General Electric Co COM 369604103 8,950 512,918 SH   SOLE   510,918 0 2,000
General Electric Co COM 369604103 3,604 206,550 SH   DFND 1 206,550 0 0
Gilead Sciences Inc COM 375558103 1,398 19,520 SH   SOLE   18,610 0 910
Global Payments Inc COM 37940X102 204 2,040 SH   SOLE   2,040 0 0
Goldman Sachs Group Inc COM 38141G104 953 3,742 SH   SOLE   274 0 3,468
Halliburton Co COM 406216101 971 19,860 SH   SOLE   19,860 0 0
Hartford Financial Services Gr COM 416515104 22,772 404,617 SH   SOLE   403,752 0 865
Hartford Financial Services Gr COM 416515104 7,665 136,199 SH   DFND 1 136,199 0 0
Hess Corp COM 42809H107 19,479 410,341 SH   SOLE   378,969 0 31,372
Hess Corp COM 42809H107 7,822 164,788 SH   DFND 1 164,788 0 0
HollyFrontier Corp COM 436106108 359 7,000 SH   SOLE   7,000 0 0
Home Depot Inc COM 437076102 4,461 23,539 SH   SOLE   17,139 0 6,400
Honeywell International Inc COM 438516106 47,011 306,540 SH   SOLE   293,056 0 13,484
Honeywell International Inc COM 438516106 7,604 49,580 SH   DFND 1 49,580 0 0
Illinois Tool Works COM 452308109 24,462 146,611 SH   SOLE   146,611 0 0
Illinois Tool Works COM 452308109 8,910 53,400 SH   DFND 1 53,400 0 0
Intel Corp COM 458140100 27,058 586,183 SH   SOLE   530,909 0 55,274
Intel Corp COM 458140100 4,502 97,540 SH   DFND 1 97,540 0 0
Intercontinental Exchange Inc COM 45866F104 1,388 19,675 SH   SOLE   3,400 0 16,275
International Business Machine COM 459200101 16,844 109,789 SH   SOLE   95,194 0 14,595
International Business Machine COM 459200101 3,329 21,700 SH   DFND 1 21,700 0 0
International Paper Co COM 460146103 1,738 30,000 SH   SOLE   30,000 0 0
International Paper Co COM 460146103 813 14,040 SH   DFND 1 14,040 0 0
InterXion Holding NV COM N47279109 1,709 29,000 SH   SOLE   0 0 29,000
J P Morgan Chase & Co COM 46625H100 17,227 161,088 SH   SOLE   142,214 0 18,874
J P Morgan Chase & Co COM 46625H100 423 3,960 SH   DFND 1 3,960 0 0
Janus Henderson Group PLC COM G4474Y214 612 16,000 SH   SOLE   16,000 0 0
John Wiley & Sons Inc Cl A COM 968223206 1,766 26,859 SH   SOLE   26,859 0 0
Johnson & Johnson Co COM 478160104 107,646 770,443 SH   SOLE   759,072 0 11,371
Johnson & Johnson Co COM 478160104 16,938 121,230 SH   DFND 1 121,230 0 0
Kansas City Southern Industrie COM 485170302 22,371 212,608 SH   SOLE   212,103 0 505
Kansas City Southern Industrie COM 485170302 7,492 71,200 SH   DFND 1 71,200 0 0
Kimberly Clark Corp COM 494368103 301 2,497 SH   SOLE   2,497 0 0
Kraft Heinz Co COM 500754106 953 12,254 SH   SOLE   12,254 0 0
Laboratory Corp America Holdin COM 50540R409 26,297 164,860 SH   SOLE   155,517 0 9,343
Laboratory Corp America Holdin COM 50540R409 7,720 48,400 SH   DFND 1 48,400 0 0
Lexicon Genetics Inc COM 528872302 105 10,618 SH   SOLE   10,618 0 0
Lockheed Martin Corp COM 539830109 5,434 16,926 SH   SOLE   16,926 0 0
Loews Corp COM 540424108 1,043 20,850 SH   SOLE   20,850 0 0
Lowes Cos Inc COM 548661107 1,670 17,970 SH   SOLE   2,970 0 15,000
Marathon Petroleum Corp COM 56585A102 330 5,000 SH   SOLE   5,000 0 0
Markel Corp COM 570535104 228 200 SH   SOLE   200 0 0
Mastercard Inc Class A COM 57636q104 3,078 20,338 SH   SOLE   5,128 0 15,210
McDonalds Corp COM 580135101 2,136 12,412 SH   SOLE   12,347 0 65
Medtronic PLC COM G5960L103 22,364 276,951 SH   SOLE   263,660 0 13,291
Medtronic PLC COM G5960L103 5,948 73,660 SH   DFND 1 73,660 0 0
Merck & Co Inc COM 58933Y105 19,930 354,191 SH   SOLE   335,310 0 18,881
Merck & Co Inc COM 58933Y105 5,079 90,260 SH   DFND 1 90,260 0 0
Metlife Inc COM 59156R108 17,779 351,640 SH   SOLE   314,671 0 36,969
Metlife Inc COM 59156R108 2,947 58,280 SH   DFND 1 58,280 0 0
Microsoft Corp COM 594918104 7,622 89,108 SH   SOLE   86,008 0 3,100
Mondelez International Inc COM 609207105 11,450 267,514 SH   SOLE   218,559 0 48,955
Morgan Stanley COM 617446448 1,327 25,300 SH   SOLE   5,300 0 20,000
Newell Brands Inc COM 651229106 11,506 372,350 SH   SOLE   346,660 0 25,690
Newell Brands Inc COM 651229106 2,980 96,440 SH   DFND 1 96,440 0 0
Newmont Mining Corp COM 651639106 16,956 451,912 SH   SOLE   438,133 0 13,779
Newmont Mining Corp COM 651639106 4,943 131,750 SH   DFND 1 131,750 0 0
News Corp New Cl A COM 65249B109 55 3,410 SH   SOLE   3,410 0 0
News Corp New Cl A COM 65249B109 166 10,230 SH   DFND 1 10,230 0 0
NextEra Energy Inc COM 65339F101 819 5,243 SH   SOLE   5,243 0 0
Nike Inc Cl B COM 654106103 653 10,445 SH   SOLE   10,445 0 0
Norfolk Southern Corp COM 655844108 7,175 49,520 SH   SOLE   49,520 0 0
Norfolk Southern Corp COM 655844108 4,956 34,200 SH   DFND 1 34,200 0 0
Northern Trust Corp COM 665859104 599 6,000 SH   SOLE   6,000 0 0
Occidental Petroleum Corp COM 674599105 254 3,455 SH   SOLE   3,455 0 0
Oracle Corp COM 68389X105 16,835 356,076 SH   SOLE   310,974 0 45,102
Oracle Corp COM 68389X105 2,785 58,900 SH   DFND 1 58,900 0 0
Palo Alto Networks Inc COM 697435105 20,977 144,732 SH   SOLE   129,434 0 15,298
Palo Alto Networks Inc COM 697435105 4,244 29,280 SH   DFND 1 29,280 0 0
PayPal Holdings Inc COM 70450Y103 32,847 446,165 SH   SOLE   423,229 0 22,936
PayPal Holdings Inc COM 70450Y103 8,733 118,620 SH   DFND 1 118,620 0 0
Pepsico Inc COM 713448108 105,396 878,885 SH   SOLE   863,600 0 15,285
Pepsico Inc COM 713448108 41,358 344,880 SH   DFND 1 344,880 0 0
Pfizer Inc COM 717081103 10,965 302,737 SH   SOLE   268,815 0 33,922
Pfizer Inc COM 717081103 352 9,720 SH   DFND 1 9,720 0 0
Philip Morris International In COM 718172109 4,916 46,533 SH   SOLE   46,533 0 0
Phillips 66 COM 718546104 255 2,525 SH   SOLE   2,525 0 0
PPL Corp COM 69351T106 390 12,600 SH   SOLE   12,600 0 0
Praxair Inc COM 74005P104 261 1,688 SH   SOLE   1,688 0 0
Procter & Gamble Co COM 742718109 33,737 367,183 SH   SOLE   352,878 0 14,305
Procter & Gamble Co COM 742718109 19,912 216,715 SH   DFND 1 216,715 0 0
QEP Resources Inc COM 74733V100 207 21,600 SH   SOLE   21,600 0 0
Qualcomm Inc COM 747525103 522 8,147 SH   SOLE   6,447 0 1,700
Quest Diagnostics Inc COM 74834L100 442 4,485 SH   SOLE   4,000 0 485
Raytheon Co COM 755111507 34,153 181,810 SH   SOLE   179,189 0 2,621
Raytheon Co COM 755111507 9,667 51,460 SH   DFND 1 51,460 0 0
Robert Half International Inc COM 770323103 477 8,597 SH   SOLE   7,710 0 887
Rockwell Collins Inc COM 774341101 19,831 146,224 SH   SOLE   145,989 0 235
Rockwell Collins Inc COM 774341101 8,879 65,470 SH   DFND 1 65,470 0 0
Royal Bank Of Canada COM 780087102 572 7,010 SH   SOLE   7,010 0 0
Schlumberger Ltd COM 806857108 21,641 321,128 SH   SOLE   297,906 0 23,222
Schlumberger Ltd COM 806857108 3,468 51,460 SH   DFND 1 51,460 0 0
Signature Bank COM 82669g104 250 1,825 SH   SOLE   1,825 0 0
Southern Co COM 842587107 446 9,278 SH   SOLE   9,278 0 0
Stanley Black & Decker Inc COM 854502101 279 1,643 SH   SOLE   143 0 1,500
Starbucks Corp COM 855244109 861 14,990 SH   SOLE   14,175 0 815
State Street Corp COM 857477103 260 2,662 SH   SOLE   2,662 0 0
SVB Financial Group COM 78486Q101 491 2,100 SH   SOLE   2,100 0 0
Synchrony Financial COM 87165b103 4,149 107,447 SH   SOLE   107,447 0 0
Synchrony Financial COM 87165b103 915 23,687 SH   DFND 1 23,687 0 0
Target Corp COM 87612E106 380 5,826 SH   SOLE   5,826 0 0
Thermo Fisher Scientific Inc COM 883556102 22,028 116,010 SH   SOLE   105,489 0 10,521
Thermo Fisher Scientific Inc COM 883556102 5,698 30,010 SH   DFND 1 30,010 0 0
Time Warner Inc COM 887317303 25,680 280,749 SH   SOLE   268,352 0 12,397
Time Warner Inc COM 887317303 6,571 71,840 SH   DFND 1 71,840 0 0
TJX Cos Inc COM 872540109 4,141 54,160 SH   SOLE   40,000 0 14,160
Torchmark Corp COM 891027104 6,532 72,009 SH   SOLE   72,009 0 0
Torchmark Corp COM 891027104 6,531 72,004 SH   DFND 1 72,004 0 0
Toronto Dominion Bank COM 891160509 227 3,880 SH   SOLE   3,880 0 0
Travelers Companies Inc COM 89417E109 212 1,565 SH   SOLE   1,565 0 0
Twenty-First Century Fox Inc C COM 90130A101 1,377 39,865 SH   SOLE   38,740 0 1,125
Twenty-First Century Fox Inc C COM 90130A101 1,413 40,920 SH   DFND 1 40,920 0 0
Union Pacific Corp COM 907818108 61,445 458,204 SH   SOLE   445,671 0 12,533
Union Pacific Corp COM 907818108 22,776 169,840 SH   DFND 1 169,840 0 0
United Parcel Service Inc Cl B COM 911312106 12,822 107,614 SH   SOLE   94,534 0 13,080
United Parcel Service Inc Cl B COM 911312106 2,488 20,880 SH   DFND 1 20,880 0 0
United Technologies Corp COM 913017109 31,569 247,466 SH   SOLE   238,364 0 9,102
United Technologies Corp COM 913017109 7,710 60,440 SH   DFND 1 60,440 0 0
US Bancorp COM 902973304 223 4,165 SH   SOLE   4,165 0 0
Varian Medical Systems Inc COM 92220P105 1,178 10,600 SH   SOLE   10,175 0 425
Vectren Corp COM 92240G101 205 3,147 SH   SOLE   3,147 0 0
Verizon Communications COM 92343V104 1,827 34,523 SH   SOLE   34,523 0 0
Visa Inc Cl A COM 92826C839 2,660 23,325 SH   SOLE   975 0 22,350
Wal Mart Stores Inc COM 931142103 4,340 43,954 SH   SOLE   34,489 0 9,465
Walgreen Boots Alliance Inc COM 931427108 200 2,755 SH   SOLE   2,100 0 655
Wells Fargo & Co COM 949746101 3,550 58,514 SH   SOLE   58,514 0 0
White Mountains Insurance Grou COM G9618E107 671 788 SH   SOLE   788 0 0
Xilinx Inc COM 983919101 1,345 19,954 SH   SOLE   2,010 0 17,944
Yum Brands Inc COM 988498101 10,681 130,884 SH   SOLE   128,509 0 2,375
Yum Brands Inc COM 988498101 12,242 150,000 SH   DFND 1 150,000 0 0
Yum China Holdings Inc COM 98850P109 5,270 131,674 SH   SOLE   131,674 0 0
Yum China Holdings Inc COM 98850P109 6,003 150,000 SH   DFND 1 150,000 0 0
Financial Sector SPDR COM 81369Y605 497 17,822 SH   SOLE   17,822 0 0
IQ 50 Percent Hedged FTSE Euro COM 45409B552 325 16,000 SH   SOLE   16,000 0 0
IShares Dow Jones Select Divid COM 464287168 361 3,667 SH   SOLE   3,667 0 0
IShares Russell 1000 Growth ET COM 464287614 408 3,032 SH   SOLE   3,032 0 0
IShares Russell 2000 Growth ET COM 464287648 278 1,491 SH   SOLE   1,491 0 0
IShares S&P MidCap 400 Index F COM 464287507 246 1,296 SH   SOLE   1,296 0 0
IShares S&P SmallCap 600 Index COM 464287804 247 3,214 SH   SOLE   3,214 0 0
IShares Trust MSCI EAFE ETF COM 464287465 794 11,287 SH   SOLE   11,287 0 0
IShares Trust Nasdaq Biotechno COM 464287556 272 2,550 SH   SOLE   2,550 0 0
Powershares QQQ Trust COM 73935A104 3,205 20,577 SH   SOLE   20,577 0 0
Schwab Emerging Markets Equity COM 808524706 6,541 234,097 SH   SOLE   224,526 0 9,571
Schwab International Equity ET COM 808524805 18,539 544,142 SH   SOLE   543,492 0 650
Schwab US Large Cap ETF COM 808524201 2,038 31,951 SH   SOLE   31,951 0 0
Schwab US Small Cap ETF COM 808524607 12,841 184,124 SH   SOLE   180,291 0 3,833
SPDR MSCI All Country World Ex COM 78463X848 1,608 41,221 SH   SOLE   41,221 0 0
SPDR S&P 500 ETF Trust COM 78462F103 15,127 56,683 SH   SOLE   56,664 0 19
Technology Sector SPDR COM 81369Y803 3,939 61,595 SH   SOLE   61,547 0 48
Van Eck Vectors Pharmaceutical COM 92189F692 225 3,800 SH   SOLE   3,800 0 0
Van Eck Vectors Semiconductor COM 92189F676 856 8,750 SH   SOLE   8,750 0 0
Vanguard Emerging Market Viper COM 922042858 521 11,359 SH   SOLE   11,359 0 0
Vanguard Pacific ETF COM 922042866 219 3,000 SH   SOLE   3,000 0 0
Vanguard REIT ETF COM 922908553 279 3,367 SH   SOLE   3,367 0 0