Founders Capital Management 13F-HR Quarterly holdings report by institutional manager

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

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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
3m Company	COM	88579Y101	345	1,931	SH		SOLE		1,931	0	0
A T & T Corp New	COM	00206R102	9,770	229,728	SH		SOLE		229,228	0	500
Abbott Laboratories	COM	002824100	1,623	42,254	SH		SOLE		42,254	0	0
Abbvie Inc	COM	00287Y109	2,149	34,317	SH		SOLE		34,317	0	0
Alphabet Inc	CAP STK CL A	02079K305	221	279	SH		SOLE		279	0	0
Alphabet Inc	CAP STK CL C	02079K107	371	481	SH		SOLE		481	0	0
American Express Company	COM	025816109	5,693	76,846	SH		SOLE		76,646	0	200
Amgen Incorporated	COM	031162100	1,547	10,580	SH		SOLE		10,580	0	0
Apple Computer, Inc.	COM	037833100	544	4,695	SH		SOLE		4,695	0	0
Baker Hughes Inc	COM	057224107	294	4,519	SH		SOLE		4,519	0	0
Baldwin & Lyons Class A	COM	057755100	1,081	44,690	SH		SOLE		44,690	0	0
1/100 Berkshire Htwy Cla	CL A	084670108	244	1	SH		SOLE		1	0	0
Berkshire Hathaway Class B	CL B NEW	084670702	20,665	126,796	SH		SOLE		126,546	0	250
Bristol-Myers Squibb Co	COM	110122108	238	4,068	SH		SOLE		4,068	0	0
C S X Corp	COM	126408103	9,345	260,088	SH		SOLE		260,088	0	0
Central Fd Cda Ltd Cla	CL A	153501101	381	33,759	SH		SOLE		33,759	0	0
Chevrontexaco Corp	COM	166764100	6,543	55,592	SH		SOLE		55,217	0	375
Cigna Corp	COM	125509109	303	2,268	SH		SOLE		2,268	0	0
Cisco Systems Inc	COM	17275R102	2,415	79,915	SH		SOLE		79,915	0	0
Coca Cola Company	COM	191216100	7,938	191,453	SH		SOLE		191,453	0	0
Conocophillips	COM	20825C104	4,622	92,185	SH		SOLE		91,757	0	428
Davita Healthcare Ptnr	COM	23918K108	5,876	91,534	SH		SOLE		91,534	0	0
Disney Walt Co	COM DISNEY	254687106	7,609	73,006	SH		SOLE		73,006	0	0
Enterprise Prd Prtnrs Lp	COM	293792107	191	7,057	SH		SOLE		7,057	0	0
Exxon Mobil Corporation	COM	30231G102	1,722	19,083	SH		SOLE		19,083	0	0
Facebook	CL A	30303M102	207	1,800	SH		SOLE		1,800	0	0
General Electric Company	COM	369604103	578	18,280	SH		SOLE		18,280	0	0
Gilead Sciences Inc	COM	375558103	1,295	18,087	SH		SOLE		18,087	0	0
Halliburton Co Hldg Co	COM	406216101	581	10,736	SH		SOLE		10,736	0	0
Home Depot Inc	COM	437076102	6,320	47,133	SH		SOLE		46,253	0	880
Hudson Technologies Inc	COM	444144109	240	30,000	SH		SOLE		30,000	0	0
Intel Corp.	COM	458140100	9,446	260,439	SH		SOLE		259,199	0	1,240
Intl Business Machines	COM	459200101	6,256	37,689	SH		SOLE		37,474	0	215
Johnson & Johnson	COM	478160104	6,398	55,538	SH		SOLE		55,403	0	135
Jpmorgan Chase & Co	COM	46625H100	335	3,885	SH		SOLE		3,885	0	0
Lockheed Martin Corp	COM	539830109	6,022	24,095	SH		SOLE		24,095	0	0
Lowes Companies Inc	COM	548661107	736	10,353	SH		SOLE		10,353	0	0
Mc Donalds Corp	COM	580135101	2,268	18,633	SH		SOLE		18,633	0	0
McKesson	COM	58155Q103	288	2,050	SH		SOLE		2,050	0	0
Medtronic PLC	SHS	G5960L103	5,000	70,189	SH		SOLE		69,619	0	570
Microsoft Corp	COM	594918104	7,771	125,059	SH		SOLE		124,479	0	580
Norfolk Southern Corp	COM	655844108	217	2,008	SH		SOLE		2,008	0	0
Oracle Corp	COM	68389X105	220	5,724	SH		SOLE		5,724	0	0
Pepsico Incorporated	COM	713448108	10,289	98,339	SH		SOLE		98,024	0	315
Procter & Gamble	COM	742718109	1,380	16,410	SH		SOLE		15,825	0	585
Raytheon Company New	COM NEW	755111507	329	2,315	SH		SOLE		2,315	0	0
Regeneron Pharms Inc	COM	75886F107	249	677	SH		SOLE		677	0	0
Stryker Corp	COM	863667101	3,619	30,209	SH		SOLE		29,824	0	385
Tower Semiconductor	SHS NEW	M87915274	219	11,500	SH		SOLE		11,500	0	0
United Parcel Service B	COM	911312106	4,544	12,165	SH		SOLE		12,165	0	0
Union Pacific Corp	COM	907818108	1,205	37,884	SH		SOLE		37,884	0	0
United Technologies Corp	COM	913017109	7,492	68,345	SH		SOLE		67,825	0	520
Walgreens Boots Allianc	COM	931427108	5,860	70,811	SH		SOLE		70,811	0	0
Wal-Mart Stores Inc	COM	931142103	1,408	20,372	SH		SOLE		20,372	0	0
Wells Fargo Ban	PERP PFD CNV A	949746804	2,113	1,776	PRN		SOLE		1,776	0	0