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 241 5,000 SH   SOLE   5,000 0 0
IShares Core U S Aggregate Bon COM 464287226 1,743 16,256 SH   SOLE   16,256 0 0
IShares IBoxx Investment Grade COM 464287242 2,021 17,215 SH   SOLE   17,215 0 0
IShares Preferred Stock ETF COM 464288687 1,957 52,095 SH   SOLE   52,095 0 0
PowerShares Financial Preferre COM 73935x229 3,304 178,100 SH   SOLE   178,100 0 0
Powershares Preferred Portfoli COM 73936t565 1,827 125,130 SH   SOLE   125,130 0 0
American Tower Corp COM 03027X100 30,425 209,336 SH   SOLE   199,016 0 10,320
American Tower Corp COM 03027X100 9,151 62,966 SH   DFND 1 62,966 0 0
Crown Castle International Cor COM 22822V101 22,704 207,138 SH   SOLE   193,628 0 13,510
Crown Castle International Cor COM 22822V101 6,040 55,100 SH   DFND 1 55,100 0 0
Essex Property Trust Inc COM 297178105 1,009 4,191 SH   SOLE   4,191 0 0
UDR Inc COM 902653104 524 14,701 SH   SOLE   14,701 0 0
Washington Real Estate Investm COM 939653101 526 19,263 SH   SOLE   19,263 0 0
Weyerhaeuser Co COM 962166104 21,082 602,349 SH   SOLE   565,844 0 36,505
Weyerhaeuser Co COM 962166104 5,093 145,520 SH   DFND 1 145,520 0 0
BP PLC Sponsored ADR ADR 055622104 997 24,583 SH   SOLE   24,583 0 0
BP PLC Sponsored ADR ADR 055622104 608 15,000 SH   DFND 1 15,000 0 0
GlaxoSmithkline PLC ADR ADR 37733W105 10,705 273,996 SH   SOLE   273,996 0 0
GlaxoSmithkline PLC ADR ADR 37733W105 7,572 193,800 SH   DFND 1 193,800 0 0
HSBC Holdings PLC ADS ADR 404280406 227 4,765 SH   SOLE   4,765 0 0
JD.com Inc ADR ADR 47215p106 263 6,500 SH   SOLE   1,300 0 5,200
Novartis AG Sponsored ADR ADR 66987V109 931 11,509 SH   SOLE   11,509 0 0
Novo Nordisk AS Sponsored ADR ADR 670100205 464 9,425 SH   SOLE   9,425 0 0
Royal Dutch Shell PLC Cl A Spo ADR 780259206 33,038 517,754 SH   SOLE   490,544 0 27,210
Royal Dutch Shell PLC Cl A Spo ADR 780259206 14,895 233,430 SH   DFND 1 233,430 0 0
SAP SE ADR ADR 803054204 20,906 198,799 SH   SOLE   198,071 0 728
SAP SE ADR ADR 803054204 6,082 57,840 SH   DFND 1 57,840 0 0
Siemens A G Sponsored ADR ADR 826197501 1,880 29,405 SH   SOLE   28,545 0 860
Vodafone Group Inc ADR 92857W308 9,045 325,134 SH   SOLE   279,775 0 45,359
Vodafone Group Inc ADR 92857W308 297 10,680 SH   DFND 1 10,680 0 0
WPP Group PLC Spon ADR ADR 92937A102 241 3,024 SH   SOLE   3,024 0 0
3M CO COM 88579Y101 48,967 223,064 SH   SOLE   223,064 0 0
3M CO COM 88579Y101 7,486 34,100 SH   DFND 1 34,100 0 0
A T & T Inc COM 00206R102 7,411 207,879 SH   SOLE   155,565 0 52,314
Abbott Laboratories COM 002824100 2,059 34,356 SH   SOLE   34,356 0 0
Abbvie Inc COM 00287Y109 1,653 17,460 SH   SOLE   17,460 0 0
Accenture Ltd Cl A COM G1151C101 534 3,479 SH   SOLE   3,159 0 320
AES Corp COM 00130H105 194 17,075 SH   SOLE   17,075 0 0
Air Lease Corp COM 00912x302 27,591 647,362 SH   SOLE   600,836 0 46,526
Air Lease Corp COM 00912x302 9,411 220,820 SH   DFND 1 220,820 0 0
Air Products & Chemicals Inc COM 009158106 310 1,952 SH   SOLE   1,952 0 0
Alleghany Corp COM 017175100 806 1,311 SH   SOLE   1,311 0 0
Allstate Corp COM 020002101 6,092 64,257 SH   SOLE   62,577 0 1,680
Alphabet Inc Cl A COM 02079k305 27,239 26,264 SH   SOLE   24,181 0 2,083
Alphabet Inc Cl A COM 02079k305 5,269 5,080 SH   DFND 1 5,080 0 0
Alphabet Inc Cl C COM 02079k107 27,969 27,107 SH   SOLE   25,153 0 1,954
Alphabet Inc Cl C COM 02079k107 4,874 4,724 SH   DFND 1 4,724 0 0
Altria Group Inc COM 02209S103 4,047 64,943 SH   SOLE   64,943 0 0
Amazon.Com Inc COM 023135106 32,507 22,460 SH   SOLE   20,216 0 2,244
Amazon.Com Inc COM 023135106 7,968 5,505 SH   DFND 1 5,505 0 0
American Electric Power Inc COM 025537101 272 3,965 SH   SOLE   3,965 0 0
American Express Co COM 025816109 17,500 187,604 SH   SOLE   187,089 0 515
American Express Co COM 025816109 12,602 135,100 SH   DFND 1 135,100 0 0
American International Group I COM 026874784 7,658 140,723 SH   SOLE   117,016 0 23,707
American International Group I COM 026874784 294 5,400 SH   DFND 1 5,400 0 0
Ameriprise Financial Inc COM 03076C106 4,183 28,275 SH   SOLE   28,275 0 0
Ameriprise Financial Inc COM 03076C106 5,769 38,995 SH   DFND 1 38,995 0 0
Amphenol Corp Cl A COM 032095101 258 3,000 SH   SOLE   3,000 0 0
Anadarko Petroleum Corp COM 032511107 325 5,385 SH   SOLE   4,405 0 980
Apple Inc COM 037833100 35,614 212,268 SH   SOLE   190,527 0 21,741
Apple Inc COM 037833100 5,758 34,320 SH   DFND 1 34,320 0 0
Autoliv Inc COM 052800109 292 2,000 SH   SOLE   2,000 0 0
Automatic Data Processing Inc COM 053015103 549 4,836 SH   SOLE   4,836 0 0
Avangrid Inc COM 05351W103 256 4,999 SH   SOLE   4,999 0 0
Bank Of America Corp COM 060505104 6,685 222,922 SH   SOLE   161,516 0 61,406
Bank Of America Corp COM 060505104 3,029 101,000 SH   DFND 1 101,000 0 0
Bank Of Montreal COM 063671101 326 4,314 SH   SOLE   4,314 0 0
Bank Of New York Mellon Corp COM 064058100 7,834 152,035 SH   SOLE   150,920 0 1,115
Baxter International Inc COM 071813109 2,878 44,254 SH   SOLE   38,568 0 5,686
Becton Dickinson & Co COM 075887109 1,300 6,000 SH   SOLE   6,000 0 0
Berkshire Hathaway Inc Cl A COM 084670108 2,692 9 SH   SOLE   9 0 0
Berkshire Hathaway Inc Cl A COM 084670108 1,196 4 SH   DFND 1 4 0 0
Berkshire Hathaway Inc Cl B COM 084670702 176,766 886,135 SH   SOLE   874,203 0 11,932
Berkshire Hathaway Inc Cl B COM 084670702 18,222 91,348 SH   DFND 1 91,348 0 0
Black Knight Financial Service COM 09215C105 339 7,197 SH   SOLE   7,197 0 0
BlackRock Inc COM 09247x101 263 485 SH   SOLE   485 0 0
Blackstone Group LP COM 09253U108 1,026 32,115 SH   SOLE   1,835 0 30,280
Boeing Co COM 097023105 348 1,060 SH   SOLE   1,060 0 0
Bristol-Myers Squibb Co COM 110122108 4,724 74,692 SH   SOLE   68,047 0 6,645
Broadcom Inc COM 11135F101 23,948 101,625 SH   SOLE   92,546 0 9,079
Broadcom Inc COM 11135F101 6,956 29,520 SH   DFND 1 29,520 0 0
Brookfield Asset Management Cl COM 112585104 1,517 38,910 SH   SOLE   38,910 0 0
Buckeye Partners L P COM 118230101 233 6,236 SH   SOLE   6,236 0 0
Cabot Corp COM 127055101 267 4,800 SH   SOLE   4,800 0 0
Cabot Oil & Gas Corp COM 127097103 683 28,500 SH   SOLE   28,500 0 0
Carnival Corp COM 143658300 9,531 145,328 SH   SOLE   145,258 0 70
Carnival Corp COM 143658300 4,309 65,700 SH   DFND 1 65,700 0 0
Caterpillar Inc COM 149123101 3,710 25,174 SH   SOLE   25,174 0 0
CBS Corp Cl B COM 124857202 18,060 351,426 SH   SOLE   316,018 0 35,408
CBS Corp Cl B COM 124857202 3,525 68,600 SH   DFND 1 68,600 0 0
Celgene Corp COM 151020104 12,623 141,494 SH   SOLE   125,470 0 16,024
Celgene Corp COM 151020104 2,505 28,080 SH   DFND 1 28,080 0 0
Cenovus Energy Inc COM 15135U109 98 11,510 SH   SOLE   11,510 0 0
Cerner Corp COM 156782104 66 1,135 SH   SOLE   460 0 675
Cerner Corp COM 156782104 376 6,480 SH   DFND 1 6,480 0 0
Chevron Corp COM 166764100 10,538 92,405 SH   SOLE   77,377 0 15,028
Chubb Ltd COM H1467J104 9,107 66,589 SH   SOLE   54,263 0 12,326
Chubb Ltd COM H1467J104 328 2,400 SH   DFND 1 2,400 0 0
Cisco Systems Inc COM 17275R102 4,683 109,180 SH   SOLE   50,005 0 59,175
Citigroup Inc COM 172967424 8,212 121,659 SH   SOLE   98,536 0 23,123
Coca Cola Co COM 191216100 2,751 63,335 SH   SOLE   63,335 0 0
Coca Cola Co COM 191216100 22 500 SH   DFND 1 500 0 0
Colgate Palmolive Co COM 194162103 22,124 308,654 SH   SOLE   307,554 0 1,100
Colgate Palmolive Co COM 194162103 12,580 175,500 SH   DFND 1 175,500 0 0
Columbia Banking System Inc COM 197236102 203 4,832 SH   SOLE   4,832 0 0
Comcast Corp Cl A COM 20030N101 32,186 941,950 SH   SOLE   908,119 0 33,831
Comcast Corp Cl A COM 20030N101 19,892 582,144 SH   DFND 1 582,144 0 0
ConocoPhillips COM 20825C104 13,691 230,921 SH   SOLE   200,656 0 30,265
ConocoPhillips COM 20825C104 3,841 64,780 SH   DFND 1 64,780 0 0
Consolidated Edison Inc COM 209115104 306 3,920 SH   SOLE   3,920 0 0
Contrafect Corp COM 212326102 24 15,000 SH   SOLE   15,000 0 0
Corning Inc COM 219350105 446 16,006 SH   SOLE   16,006 0 0
Costco Wholesale Corp COM 22160K105 3,684 19,551 SH   SOLE   19,286 0 265
CVS Health Corp COM 126650100 8,262 132,805 SH   SOLE   105,112 0 27,693
Danaher Corp COM 235851102 377 3,855 SH   SOLE   3,355 0 500
Disney Walt Co COM 254687106 144,677 1,440,434 SH   SOLE   1,418,296 0 22,138
Disney Walt Co COM 254687106 60,700 604,340 SH   DFND 1 604,340 0 0
Dominion Energy Inc COM 25746U109 864 12,806 SH   SOLE   12,806 0 0
DowDuPont Inc COM 26078J100 8,660 135,923 SH   SOLE   117,923 0 18,000
DTE Energy Company COM 233331107 214 2,050 SH   SOLE   2,050 0 0
Duke Energy Corp COM 26441C204 288 3,713 SH   SOLE   3,713 0 0
Ebay Inc COM 278642103 493 12,250 SH   SOLE   2,400 0 9,850
Eli Lilly & Co COM 532457108 15,848 204,840 SH   SOLE   204,840 0 0
Eli Lilly & Co COM 532457108 8,588 111,000 SH   DFND 1 111,000 0 0
Emerson Electric Co COM 291011104 709 10,377 SH   SOLE   10,377 0 0
Encana Corp COM 292505104 123 11,195 SH   SOLE   8,995 0 2,200
Enterprise Products Partners L COM 293792107 410 16,738 SH   SOLE   16,738 0 0
Everest Re Group Ltd COM G3223R108 218 850 SH   SOLE   850 0 0
Exelon Corp COM 30161N101 316 8,100 SH   SOLE   8,100 0 0
Express Scripts Holding Co COM 30219G108 1,028 14,887 SH   SOLE   14,887 0 0
Exxon Mobil Corp COM 30231G102 8,327 111,609 SH   SOLE   110,544 0 1,065
Exxon Mobil Corp COM 30231G102 75 1,000 SH   DFND 1 1,000 0 0
Facebook Inc Cl A COM 30303M102 22,522 140,947 SH   SOLE   130,068 0 10,879
Facebook Inc Cl A COM 30303M102 7,961 49,820 SH   DFND 1 49,820 0 0
Fedex Corp COM 31428X106 37,162 154,772 SH   SOLE   146,636 0 8,136
Fedex Corp COM 31428X106 9,585 39,920 SH   DFND 1 39,920 0 0
Fidelity National Financial Cl COM 31620R303 957 23,915 SH   SOLE   23,915 0 0
Fidelity National Information COM 31620M106 8,714 90,487 SH   SOLE   85,396 0 5,091
General Dynamics Corp COM 369550108 795 3,600 SH   SOLE   3,600 0 0
General Electric Co COM 369604103 1,250 92,764 SH   SOLE   92,764 0 0
General Electric Co COM 369604103 270 20,000 SH   DFND 1 20,000 0 0
Gilead Sciences Inc COM 375558103 1,466 19,445 SH   SOLE   18,535 0 910
Global Payments Inc COM 37940X102 228 2,040 SH   SOLE   2,040 0 0
Goldman Sachs Group Inc COM 38141G104 950 3,772 SH   SOLE   304 0 3,468
Halliburton Co COM 406216101 932 19,860 SH   SOLE   19,860 0 0
Hartford Financial Services Gr COM 416515104 20,723 402,237 SH   SOLE   401,372 0 865
Hartford Financial Services Gr COM 416515104 7,017 136,199 SH   DFND 1 136,199 0 0
Hess Corp COM 42809H107 20,659 408,121 SH   SOLE   376,749 0 31,372
Hess Corp COM 42809H107 8,342 164,788 SH   DFND 1 164,788 0 0
HollyFrontier Corp COM 436106108 342 7,000 SH   SOLE   7,000 0 0
Home Depot Inc COM 437076102 4,166 23,374 SH   SOLE   16,974 0 6,400
Honeywell International Inc COM 438516106 44,116 305,278 SH   SOLE   291,692 0 13,586
Honeywell International Inc COM 438516106 7,165 49,580 SH   DFND 1 49,580 0 0
Illinois Tool Works COM 452308109 22,875 146,014 SH   SOLE   146,014 0 0
Illinois Tool Works COM 452308109 8,366 53,400 SH   DFND 1 53,400 0 0
Intel Corp COM 458140100 30,379 583,321 SH   SOLE   528,062 0 55,259
Intel Corp COM 458140100 5,080 97,540 SH   DFND 1 97,540 0 0
Intercontinental Exchange Inc COM 45866F104 1,427 19,675 SH   SOLE   3,400 0 16,275
International Business Machine COM 459200101 16,813 109,579 SH   SOLE   94,984 0 14,595
International Business Machine COM 459200101 3,329 21,700 SH   DFND 1 21,700 0 0
International Paper Co COM 460146103 1,603 30,000 SH   SOLE   30,000 0 0
International Paper Co COM 460146103 750 14,040 SH   DFND 1 14,040 0 0
InterXion Holding NV COM N47279109 1,801 29,000 SH   SOLE   0 0 29,000
J P Morgan Chase & Co COM 46625H100 29,184 265,383 SH   SOLE   243,024 0 22,359
J P Morgan Chase & Co COM 46625H100 4,598 41,810 SH   DFND 1 41,810 0 0
Janus Henderson Group PLC COM G4474Y214 529 16,000 SH   SOLE   16,000 0 0
John Wiley & Sons Inc Cl A COM 968223206 1,711 26,859 SH   SOLE   26,859 0 0
Johnson & Johnson Co COM 478160104 96,637 754,092 SH   SOLE   742,736 0 11,356
Johnson & Johnson Co COM 478160104 15,536 121,230 SH   DFND 1 121,230 0 0
Kansas City Southern Industrie COM 485170302 23,368 212,730 SH   SOLE   212,225 0 505
Kansas City Southern Industrie COM 485170302 7,821 71,200 SH   DFND 1 71,200 0 0
Kraft Heinz Co COM 500754106 685 11,004 SH   SOLE   11,004 0 0
Laboratory Corp America Holdin COM 50540R409 26,753 165,396 SH   SOLE   155,968 0 9,428
Laboratory Corp America Holdin COM 50540R409 7,809 48,280 SH   DFND 1 48,280 0 0
Lexicon Genetics Inc COM 528872302 91 10,618 SH   SOLE   10,618 0 0
Lockheed Martin Corp COM 539830109 5,130 15,181 SH   SOLE   15,181 0 0
Loews Corp COM 540424108 1,037 20,850 SH   SOLE   20,850 0 0
Lowes Cos Inc COM 548661107 1,577 17,970 SH   SOLE   2,970 0 15,000
Marathon Petroleum Corp COM 56585A102 366 5,000 SH   SOLE   5,000 0 0
Markel Corp COM 570535104 234 200 SH   SOLE   200 0 0
Mastercard Inc Class A COM 57636q104 3,519 20,088 SH   SOLE   4,878 0 15,210
McDonalds Corp COM 580135101 1,833 11,720 SH   SOLE   11,660 0 60
Medtronic PLC COM G5960L103 22,554 281,147 SH   SOLE   263,861 0 17,286
Medtronic PLC COM G5960L103 5,909 73,660 SH   DFND 1 73,660 0 0
Merck & Co Inc COM 58933Y105 19,328 354,837 SH   SOLE   330,481 0 24,356
Merck & Co Inc COM 58933Y105 4,916 90,260 SH   DFND 1 90,260 0 0
Metlife Inc COM 59156R108 14,232 310,133 SH   SOLE   277,574 0 32,559
Metlife Inc COM 59156R108 2,674 58,280 SH   DFND 1 58,280 0 0
Microsoft Corp COM 594918104 7,973 87,358 SH   SOLE   84,258 0 3,100
Mondelez International Inc COM 609207105 11,280 270,312 SH   SOLE   220,959 0 49,353
Morgan Stanley COM 617446448 1,369 25,364 SH   SOLE   5,364 0 20,000
Newell Brands Inc COM 651229106 6,153 241,471 SH   SOLE   241,296 0 175
Newell Brands Inc COM 651229106 2,457 96,440 SH   DFND 1 96,440 0 0
Newmont Mining Corp COM 651639106 17,661 452,041 SH   SOLE   437,812 0 14,229
Newmont Mining Corp COM 651639106 5,099 130,520 SH   DFND 1 130,520 0 0
News Corp New Cl A COM 65249B109 54 3,410 SH   SOLE   3,410 0 0
News Corp New Cl A COM 65249B109 162 10,230 SH   DFND 1 10,230 0 0
NextEra Energy Inc COM 65339F101 833 5,103 SH   SOLE   5,103 0 0
Nike Inc Cl B COM 654106103 557 8,380 SH   SOLE   8,380 0 0
Norfolk Southern Corp COM 655844108 6,717 49,470 SH   SOLE   49,470 0 0
Norfolk Southern Corp COM 655844108 4,644 34,200 SH   DFND 1 34,200 0 0
Northern Trust Corp COM 665859104 619 6,000 SH   SOLE   6,000 0 0
Occidental Petroleum Corp COM 674599105 224 3,455 SH   SOLE   3,455 0 0
Oracle Corp COM 68389X105 17,757 388,139 SH   SOLE   340,037 0 48,102
Oracle Corp COM 68389X105 2,695 58,900 SH   DFND 1 58,900 0 0
Palo Alto Networks Inc COM 697435105 26,575 146,405 SH   SOLE   130,062 0 16,343
Palo Alto Networks Inc COM 697435105 5,315 29,280 SH   DFND 1 29,280 0 0
PayPal Holdings Inc COM 70450Y103 33,804 445,558 SH   SOLE   422,397 0 23,161
PayPal Holdings Inc COM 70450Y103 8,962 118,120 SH   DFND 1 118,120 0 0
Pepsico Inc COM 713448108 93,685 858,315 SH   SOLE   843,640 0 14,675
Pepsico Inc COM 713448108 34,260 313,880 SH   DFND 1 313,880 0 0
Pfizer Inc COM 717081103 11,207 315,792 SH   SOLE   276,425 0 39,367
Pfizer Inc COM 717081103 345 9,720 SH   DFND 1 9,720 0 0
Philip Morris International In COM 718172109 4,576 46,033 SH   SOLE   46,033 0 0
Phillips 66 COM 718546104 213 2,225 SH   SOLE   2,225 0 0
PPL Corp COM 69351T106 243 8,600 SH   SOLE   8,600 0 0
Praxair Inc COM 74005P104 244 1,688 SH   SOLE   1,688 0 0
Procter & Gamble Co COM 742718109 9,331 117,698 SH   SOLE   116,948 0 750
Procter & Gamble Co COM 742718109 12,526 158,000 SH   DFND 1 158,000 0 0
QEP Resources Inc COM 74733V100 211 21,600 SH   SOLE   21,600 0 0
Qualcomm Inc COM 747525103 341 6,147 SH   SOLE   4,447 0 1,700
Quest Diagnostics Inc COM 74834L100 450 4,485 SH   SOLE   4,000 0 485
Raytheon Co COM 755111507 39,102 181,177 SH   SOLE   178,496 0 2,681
Raytheon Co COM 755111507 11,106 51,460 SH   DFND 1 51,460 0 0
Robert Half International Inc COM 770323103 483 8,350 SH   SOLE   7,710 0 640
Rockwell Collins Inc COM 774341101 3,239 24,021 SH   SOLE   23,786 0 235
Rockwell Collins Inc COM 774341101 1,564 11,600 SH   DFND 1 11,600 0 0
Royal Bank Of Canada COM 780087102 542 7,010 SH   SOLE   7,010 0 0
Schlumberger Ltd COM 806857108 21,049 324,928 SH   SOLE   298,736 0 26,192
Schlumberger Ltd COM 806857108 3,334 51,460 SH   DFND 1 51,460 0 0
Signature Bank COM 82669g104 259 1,825 SH   SOLE   1,825 0 0
Southern Co COM 842587107 289 6,478 SH   SOLE   6,478 0 0
Stanley Black & Decker Inc COM 854502101 252 1,643 SH   SOLE   143 0 1,500
Starbucks Corp COM 855244109 868 14,990 SH   SOLE   14,175 0 815
State Street Corp COM 857477103 265 2,662 SH   SOLE   2,662 0 0
SVB Financial Group COM 78486Q101 504 2,100 SH   SOLE   2,100 0 0
Synchrony Financial COM 87165b103 1,708 50,952 SH   SOLE   50,952 0 0
Target Corp COM 87612E106 349 5,026 SH   SOLE   5,026 0 0
Thermo Fisher Scientific Inc COM 883556102 24,018 116,333 SH   SOLE   105,740 0 10,593
Thermo Fisher Scientific Inc COM 883556102 6,196 30,010 SH   DFND 1 30,010 0 0
Time Warner Inc COM 887317303 26,824 283,612 SH   SOLE   269,015 0 14,597
Time Warner Inc COM 887317303 6,795 71,840 SH   DFND 1 71,840 0 0
TJX Cos Inc COM 872540109 4,649 57,000 SH   SOLE   40,000 0 17,000
Torchmark Corp COM 891027104 6,061 72,009 SH   SOLE   72,009 0 0
Torchmark Corp COM 891027104 6,061 72,004 SH   DFND 1 72,004 0 0
Travelers Companies Inc COM 89417E109 203 1,465 SH   SOLE   1,465 0 0
Twenty-First Century Fox Inc C COM 90130A101 1,463 39,865 SH   SOLE   38,740 0 1,125
Twenty-First Century Fox Inc C COM 90130A101 1,501 40,920 SH   DFND 1 40,920 0 0
Union Pacific Corp COM 907818108 61,313 456,093 SH   SOLE   443,560 0 12,533
Union Pacific Corp COM 907818108 22,832 169,840 SH   DFND 1 169,840 0 0
United Parcel Service Inc Cl B COM 911312106 20,741 198,174 SH   SOLE   182,345 0 15,829
United Parcel Service Inc Cl B COM 911312106 4,734 45,230 SH   DFND 1 45,230 0 0
United Technologies Corp COM 913017109 32,767 260,425 SH   SOLE   246,078 0 14,347
United Technologies Corp COM 913017109 7,605 60,440 SH   DFND 1 60,440 0 0
US Bancorp COM 902973304 208 4,123 SH   SOLE   4,123 0 0
Varian Medical Systems Inc COM 92220P105 1,300 10,600 SH   SOLE   10,175 0 425
Vectren Corp COM 92240G101 201 3,147 SH   SOLE   3,147 0 0
Verizon Communications COM 92343V104 1,634 34,180 SH   SOLE   34,180 0 0
Visa Inc Cl A COM 92826C839 2,790 23,325 SH   SOLE   975 0 22,350
Wal Mart Stores Inc COM 931142103 3,850 43,269 SH   SOLE   33,804 0 9,465
Wells Fargo & Co COM 949746101 1,748 33,351 SH   SOLE   33,351 0 0
White Mountains Insurance Grou COM G9618E107 648 788 SH   SOLE   788 0 0
Xilinx Inc COM 983919101 1,445 20,000 SH   SOLE   0 0 20,000
Yum Brands Inc COM 988498101 11,138 130,834 SH   SOLE   128,459 0 2,375
Yum Brands Inc COM 988498101 12,770 150,000 SH   DFND 1 150,000 0 0
Yum China Holdings Inc COM 98850P109 5,464 131,674 SH   SOLE   131,074 0 600
Yum China Holdings Inc COM 98850P109 6,225 150,000 SH   DFND 1 150,000 0 0
Financial Sector SPDR COM 81369Y605 491 17,822 SH   SOLE   17,822 0 0
IQ 50 Percent Hedged FTSE Euro COM 45409B552 314 16,000 SH   SOLE   16,000 0 0
IShares Dow Jones Select Divid COM 464287168 349 3,667 SH   SOLE   3,667 0 0
IShares Latin America 40 ETF COM 464287390 218 5,800 SH   SOLE   5,800 0 0
IShares Russell 1000 Growth ET COM 464287614 413 3,032 SH   SOLE   3,032 0 0
IShares Russell 2000 Growth ET COM 464287648 274 1,436 SH   SOLE   1,436 0 0
IShares S&P MidCap 400 Index F COM 464287507 244 1,300 SH   SOLE   1,300 0 0
IShares S&P SmallCap 600 Index COM 464287804 248 3,223 SH   SOLE   3,223 0 0
IShares Trust MSCI EAFE ETF COM 464287465 780 11,187 SH   SOLE   11,187 0 0
IShares Trust Nasdaq Biotechno COM 464287556 272 2,550 SH   SOLE   2,550 0 0
Powershares QQQ Trust COM 73935A104 3,259 20,352 SH   SOLE   20,352 0 0
Schwab Emerging Markets Equity COM 808524706 7,257 252,850 SH   SOLE   243,279 0 9,571
Schwab International Equity ET COM 808524805 19,969 592,366 SH   SOLE   591,716 0 650
Schwab US Large Cap ETF COM 808524201 2,202 34,901 SH   SOLE   34,901 0 0
Schwab US Small Cap ETF COM 808524607 14,123 204,298 SH   SOLE   197,084 0 7,214
SPDR MSCI All Country World Ex COM 78463X848 1,602 41,227 SH   SOLE   41,227 0 0
SPDR S&P 500 ETF Trust COM 78462F103 13,486 51,248 SH   SOLE   51,237 0 11
Technology Sector SPDR COM 81369Y803 4,227 64,606 SH   SOLE   64,558 0 48
Van Eck Vectors Pharmaceutical COM 92189F692 216 3,800 SH   SOLE   3,800 0 0
Van Eck Vectors Semiconductor COM 92189F676 912 8,750 SH   SOLE   8,750 0 0
Vanguard Emerging Market Viper COM 922042858 533 11,354 SH   SOLE   11,354 0 0
Vanguard Pacific ETF COM 922042866 219 3,000 SH   SOLE   3,000 0 0
Vanguard REIT ETF COM 922908553 254 3,367 SH   SOLE   3,367 0 0