================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-02631 Chestnut Street Exchange Fund (Exact name of registrant as specified in charter) 103 Bellevue Parkway Wilmington,DE 19809 (Address of principal executive offices) (Zip code) Edward J. Roach Chestnut Street Exchange Fund 103 Bellevue Parkway Wilmington,DE 19809 (Name and address of agent for service) Registrant's telephone number, including area code:(302)-791-1112 Date of fiscal year end: December 31 Date of reporting period: July 1, 2011 - June 30, 2012 Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (Sections 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. Section 3507. ================================================================================ PROXY VOTING RECORD FOR PERIOD JULY 1, 2011 TO JUNE 30, 2012 Vote Summary Report Report was run from: 7/1/11 to 6/30/12 Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock The Procter & Gamble Company PG 11-Oct-11 USA 742718109 Annual 12-Aug-11 742718109 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Angela F. Braly Mgmt For For 2 Elect Director Kenneth I. Chenault Mgmt For For 3 Elect Director Scott D. Cook Mgmt For For 4 Elect Director Susan Desmond-Hellmann Mgmt For For 5 Elect Director Robert A. McDonald Mgmt For For 6 Elect Director W. James McNerney, Jr. Mgmt For For 7 Elect Director Johnathan A. Rodgers Mgmt For For 8 Elect Director Margaret C. Whitman Mgmt For For 9 Elect Director Mary Agnes Wilderotter Mgmt For For 10 Elect Director Patricia A. Woertz Mgmt For For 11 Elect Director Ernesto Zedillo Mgmt For For 12 Ratify Auditors Mgmt For For 13 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 14 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years 15 Amend Articles of Incorporation Mgmt For For 16 Provide for Cumulative Voting SH Against Against 17 Phase Out Use of Laboratory Animals in Pet Food Product Testing SH Against Against 18 Report on Political Contributions and Provide Advisory Vote SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Oracle Corporation ORCL 12-Oct-11 USA 68389X105 Annual 15-Aug-11 68389X105 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1.1 Elect Director Jeffrey S. Berg Mgmt For For 1.2 Elect Director H. Raymond Bingham Mgmt For Withhold 1.3 Elect Director Michael J. Boskin Mgmt For For 1.4 Elect Director Safra A. Catz Mgmt For For 1.5 Elect Director Bruce R. Chizen Mgmt For For 1.6 Elect Director George H. Conrades Mgmt For For 1.7 Elect Director Lawrence J. Ellison Mgmt For For 1.8 Elect Director Hector Garcia-Molina Mgmt For For 1.9 Elect Director Jeffrey O. Henley Mgmt For For 1.10 Elect Director Mark V. Hurd Mgmt For For 1.11 Elect Director Donald L. Lucas Mgmt For For 1.12 Director Naomi O. Seligman Mgmt For For 2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 3 Advisory Vote on Say on Pay Frequency Mgmt None Three Years 4 Ratify Auditors Mgmt For For 5 Stock Retention/Holding Period SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Microsoft Corporation MSFT 15-Nov-11 USA 594918104 Annual 02-Sep-11 594918104 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Steven A. Ballmer Mgmt For For 2 Elect Director Dina Dublon Mgmt For For 3 Elect Director William H. Gates, III Mgmt For For 4 Elect Director Raymond V. Gilmartin Mgmt For For 5 Elect Director Reed Hastings Mgmt For For 6 Elect Director Maria M. Klawe Mgmt For For 7 Elect Director David F. Marquardt Mgmt For For 8 Elect Director Charles H. Noski Mgmt For For 9 Elect Director Helmut Panke Mgmt For For 10 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 11 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years 12 Ratify Auditors Mgmt For For 13 Amend Bylaws to Establish a Board Committee on Environmental Sustainability SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Cisco Systems, Inc. CSCO 07-Dec-11 USA 17275R102 Annual 10-Oct-11 17275R102 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Carol A. Bartz Mgmt For For 2 Elect Director M. Michele Burns Mgmt For For 3 Elect Director Michael D. Capellas Mgmt For For 4 Elect Director Larry R. Carter Mgmt For For 5 Elect Director John T. Chambers Mgmt For For 6 Elect Director Brian L. Halla Mgmt For For 7 Elect Director John L. Hennessy Mgmt For For 8 Elect Director Richard M. Kovacevich Mgmt For For 9 Elect Director Roderick C. McGeary Mgmt For For 10 Elect Director Arun Sarin Mgmt For For 11 Elect Director Steven M. West Mgmt For For 12 Elect Director Jerry Yang Mgmt For For 13 Amend Omnibus Stock Plan Mgmt For For 14 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 15 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years 16 Ratify Auditors Mgmt For For 17 Amend Bylaws to Establish a Board Committee on Environmental Sustainability SH Against Against 18 Report on Internet Fragmentation SH Against Against 19 Stock Retention/Holding Period SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Air Products and Chemicals, Inc. APD 26-Jan-12 USA 009158106 Annual 30-Nov-11 009158106 Blackrock Air Products and Chemicals, Inc. APD 26-Jan-12 USA 009158106 Annual 30-Nov-11 009158106 Blackrock Air Products and Chemicals, Inc. APD 26-Jan-12 USA 009158106 Annual 30-Nov-11 009158106 Blackrock Air Products and Chemicals, Inc. APD 26-Jan-12 USA 009158106 Annual 30-Nov-11 009158106 Blackrock Air Products and Chemicals, Inc. APD 26-Jan-12 USA 009158106 Annual 30-Nov-11 009158106 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Mario L. Baeza Mgmt For For 2 Elect Director Susan K. Carter Mgmt For For 3 Elect Director John E. McGlade Mgmt For For 4 Ratify Auditors Mgmt For For 5 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Emerson Electric Co. EMR 07-Feb-12 USA 291011104 Annual 29-Nov-11 291011104 Blackrock Emerson Electric Co. EMR 07-Feb-12 USA 291011104 Annual 29-Nov-11 291011104 Blackrock Emerson Electric Co. EMR 07-Feb-12 USA 291011104 Annual 29-Nov-11 291011104 Blackrock Emerson Electric Co. EMR 07-Feb-12 USA 291011104 Annual 29-Nov-11 291011104 Blackrock Emerson Electric Co. EMR 07-Feb-12 USA 291011104 Annual 29-Nov-11 291011104 Blackrock Emerson Electric Co. EMR 07-Feb-12 USA 291011104 Annual 29-Nov-11 291011104 Blackrock Emerson Electric Co. EMR 07-Feb-12 USA 291011104 Annual 29-Nov-11 291011104 Blackrock Emerson Electric Co. EMR 07-Feb-12 USA 291011104 Annual 29-Nov-11 291011104 Blackrock Emerson Electric Co. EMR 07-Feb-12 USA 291011104 Annual 29-Nov-11 291011104 Blackrock Emerson Electric Co. EMR 07-Feb-12 USA 291011104 Annual 29-Nov-11 291011104 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1.1 Elect Director C. Fernandez G. Mgmt For For 1.2 Elect Director A.F. Golden Mgmt For For 1.3 Elect Director W.R. Johnson Mgmt For For 1.4 Elect Director J.B. Menzer Mgmt For For 1.5 Elect Director A.A. Busch, III Mgmt For For 1.6 Elect Director R.I. Ridgway Mgmt For For 2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 3 Ratify Auditors Mgmt For For 4 Report on Sustainability SH Against Against 5 Declassify the Board of Directors SH Against For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Cabot Microelectronics Corporation CCMP 06-Mar-12 USA 12709P103 Annual 13-Jan-12 12709P103 Blackrock Cabot Microelectronics Corporation CCMP 06-Mar-12 USA 12709P103 Annual 13-Jan-12 12709P103 Blackrock Cabot Microelectronics Corporation CCMP 06-Mar-12 USA 12709P103 Annual 13-Jan-12 12709P103 Blackrock Cabot Microelectronics Corporation CCMP 06-Mar-12 USA 12709P103 Annual 13-Jan-12 12709P103 Blackrock Cabot Microelectronics Corporation CCMP 06-Mar-12 USA 12709P103 Annual 13-Jan-12 12709P103 Blackrock Cabot Microelectronics Corporation CCMP 06-Mar-12 USA 12709P103 Annual 13-Jan-12 12709P103 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1.1 Elect Director John P. Frazee, Jr. Mgmt For For 1.2 Elect Director Barbara A. Klein Mgmt For For 1.3 Elect Director William P. Noglows Mgmt For For 2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 3 Approve Omnibus Stock Plan Mgmt For For 4 Ratify Auditors Mgmt For For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Cabot Corporation CBT 08-Mar-12 USA 127055101 Annual 17-Jan-12 127055101 Blackrock Cabot Corporation CBT 08-Mar-12 USA 127055101 Annual 17-Jan-12 127055101 Blackrock Cabot Corporation CBT 08-Mar-12 USA 127055101 Annual 17-Jan-12 127055101 Blackrock Cabot Corporation CBT 08-Mar-12 USA 127055101 Annual 17-Jan-12 127055101 Blackrock Cabot Corporation CBT 08-Mar-12 USA 127055101 Annual 17-Jan-12 127055101 Blackrock Cabot Corporation CBT 08-Mar-12 USA 127055101 Annual 17-Jan-12 127055101 Blackrock Cabot Corporation CBT 08-Mar-12 USA 127055101 Annual 17-Jan-12 127055101 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director John K. McGillicuddy Mgmt For For 2 Elect Director John F. O'Brien Mgmt For For 3 Elect Director Lydia W. Thomas Mgmt For For 4 Elect Director Mark S. Wrighton Mgmt For For 5 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 6 Amend Omnibus Stock Plan Mgmt For For 7 Ratify Auditors Mgmt For For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock The Walt Disney Company DIS 13-Mar-12 USA 254687106 Annual 13-Jan-12 254687106 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Susan E. Arnold Mgmt For Against 2 Elect Director John S. Chen Mgmt For Against 3 Elect Director Judith L. Estrin Mgmt For For 4 Elect Director Robert A. Iger Mgmt For For 5 Elect Director Fred H. Langhammer Mgmt For Against 6 Elect Director Aylwin B. Lewis Mgmt For Against 7 Elect Director Monica C. Lozano Mgmt For For 8 Elect Director Robert W. Matschullat Mgmt For For 9 Elect Director Sheryl Sandberg Mgmt For For 10 Elect Director Orin C. Smith Mgmt For Against 11 Ratify Auditors Mgmt For For 12 Amend Omnibus Stock Plan Mgmt For For 13 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Hewlett-Packard Company HPQ 21-Mar-12 USA 428236103 Annual 23-Jan-12 428236103 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Marc L. Andreessen Mgmt For For 2 Elect Director Shumeet Banerji Mgmt For For 3 Elect Director Rajiv L. Gupta Mgmt For For 4 Elect Director John H. Hammergren Mgmt For For 5 Elect Director Raymond. J. Lane Mgmt For For 6 Elect Director Ann M. Livermore Mgmt For For 7 Elect Director G. M. Reiner Mgmt For For 8 Elect Director Patricia. F. Russo Mgmt For For 9 Elect Director G. Kennedy Thompson Mgmt For For 10 Elect Director Margaret C. Whitman Mgmt For For 11 Elect Director Ralph. V. Whitworth Mgmt For For 12 Ratify Auditors Mgmt For For 13 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 14 Adopt Retention Ratio for Executives SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Schlumberger Limited SLB 11-Apr-12 NetherlandsAntilles 806857108 Annual 22-Feb-12 806857108 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1.1 Elect Director Peter L.S. Currie Mgmt For For 1.2 Elect Director Tony Isaac Mgmt For For 1.3 Elect Director K. Vaman Kamath Mgmt For For 1.4 Elect Director Paal Kibsgaard Mgmt For For 1.5 Elect Director Nikolay Kudryavtsev Mgmt For For 1.6 Elect Director Adrian Lajous Mgmt For For 1.7 Elect Director Michael E. Marks Mgmt For For 1.8 Elect Director Elizabeth Moler Mgmt For For 1.9 Elect Director Lubna S. Olayan Mgmt For For 1.10 Elect Director Leo Rafael Reif Mgmt For For 1.11 Elect Director Tore I. Sandvold Mgmt For For 1.12 Elect Director Henri Seydoux Mgmt For For 2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 3 Adopt and Approve Financials and Dividends Mgmt For For 4 Ratify PricewaterhouseCoopers LLP as Auditors Mgmt For For 5 Amend Non-Employee Director Omnibus Stock Plan Mgmt For For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Moody's Corporation MCO 16-Apr-12 USA 615369105 Annual 21-Feb-12 615369105 Blackrock Moody's Corporation MCO 16-Apr-12 USA 615369105 Annual 21-Feb-12 615369105 Blackrock Moody's Corporation MCO 16-Apr-12 USA 615369105 Annual 21-Feb-12 615369105 Blackrock Moody's Corporation MCO 16-Apr-12 USA 615369105 Annual 21-Feb-12 615369105 Blackrock Moody's Corporation MCO 16-Apr-12 USA 615369105 Annual 21-Feb-12 615369105 Blackrock Moody's Corporation MCO 16-Apr-12 USA 615369105 Annual 21-Feb-12 615369105 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Ewald Kist Mgmt For For 2 Elect Director Henry A. McKinnell, Jr., Ph.D. Mgmt For For 3 Elect Director John K. Wulff Mgmt For Against 4 Ratify Auditors Mgmt For For 5 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 6 Declassify the Board of Directors SH Against For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Hanesbrands Inc. HBI 24-Apr-12 USA 410345102 Annual 16-Feb-12 410345102 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1.1 Elect Director Lee A. Chaden Mgmt For For 1.2 Elect Director Bobby J. Griffin Mgmt For For 1.3 Elect Director James C. Johnson Mgmt For For 1.4 Elect Director Jessica T. Mathews Mgmt For For 1.5 Elect Director J. Patrick Mulcahy Mgmt For For 1.6 Elect Director Ronald L. Nelson Mgmt For For 1.7 Elect Director Richard A. Noll Mgmt For For 1.8 Elect Director Andrew J. Schindler Mgmt For For 1.9 Elect Director Ann E. Ziegler Mgmt For For 2 Ratify Auditors Mgmt For For 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 4 Other Business Mgmt For Against Meeting Meeting Record Voting Issuer Name Ticker Date Country Security ID Type Date CUSIP Policy International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock International Business Machines Corporation IBM 24-Apr-12 USA 459200101 Annual 24-Feb-12 459200101 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Alain J.P. Belda Mgmt For For 2 Elect Director William R. Brody Mgmt For For 3 Elect Director Kenneth I. Chenault Mgmt For For 4 Elect Director Michael L. Eskew Mgmt For For 5 Elect Director David N. Farr Mgmt For For 6 Elect Director Shirley Ann Jackson Mgmt For Against 7 Elect Director Andrew N. Liveris Mgmt For For 8 Elect Director W. James McNerney, Jr. Mgmt For For 9 Elect Director James W. Owens Mgmt For For 10 Elect Director Samuel J. Palmisano Mgmt For For 11 Elect Director Virginia M. Rometty Mgmt For For 12 Elect Director Joan E. Spero Mgmt For For 13 Elect Director Sidney Taurel Mgmt For For 14 Elect Director Lorenzo H. Zambrano Mgmt For For 15 Ratify Auditors Mgmt For For 16 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 17 Provide for Cumulative Voting SH Against Against 18 Report on Political Contributions SH Against Against 19 Report on Lobbying Expenses SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Wells Fargo & Company WFC 24-Apr-12 USA 949746101 Annual 24-Feb-12 949746101 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director John D. Baker, II Mgmt For For 2 Elect Director Elaine L. Chao Mgmt For For 3 Elect Director John S. Chen Mgmt For For 4 Elect Director Lloyd H. Dean Mgmt For For 5 Elect Director Susan E. Engel Mgmt For For 6 Elect Director Enrique Hernandez, Jr. Mgmt For For 7 Elect Director Donald M. James Mgmt For For 8 Elect Director Cynthia H. Milligan Mgmt For For 9 Elect Director Nicholas G. Moore Mgmt For For 10 Elect Director Federico F. Pena Mgmt For For 11 Elect Director Philip J. Quigley Mgmt For For 12 Elect Director Judith M. Runstad Mgmt For For 13 Elect Director Stephen W. Sanger Mgmt For For 14 Elect Director John G. Stumpf Mgmt For For 15 Elect Director Susan G. Swenson Mgmt For For 16 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 17 Ratify Auditors Mgmt For For 18 Require Independent Board Chairman SH Against Against 19 Provide for Cumulative Voting SH Against Against 20 Adopt Proxy Access Right SH Against Against 21 Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Ameriprise Financial, Inc. AMP 25-Apr-12 USA 03076C106 Annual 27-Feb-12 03076C106 Blackrock Ameriprise Financial, Inc. AMP 25-Apr-12 USA 03076C106 Annual 27-Feb-12 03076C106 Blackrock Ameriprise Financial, Inc. AMP 25-Apr-12 USA 03076C106 Annual 27-Feb-12 03076C106 Blackrock Ameriprise Financial, Inc. AMP 25-Apr-12 USA 03076C106 Annual 27-Feb-12 03076C106 Blackrock Ameriprise Financial, Inc. AMP 25-Apr-12 USA 03076C106 Annual 27-Feb-12 03076C106 Blackrock Ameriprise Financial, Inc. AMP 25-Apr-12 USA 03076C106 Annual 27-Feb-12 03076C106 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Lon R. Greenberg Mgmt For For 2 Elect Director Warren D. Knowlton Mgmt For For 3 Elect Director Jeffrey Noddle Mgmt For For 4 Elect Director Robert F. Sharpe, Jr. Mgmt For For 5 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 6 Ratify Auditors Mgmt For For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock General Electric Company GE 25-Apr-12 USA 369604103 Annual 27-Feb-12 369604103 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director W. Geoffrey Beattie Mgmt For For 2 Elect Director James I. Cash, Jr. Mgmt For For 3 Elect Director Ann M. Fudge Mgmt For For 4 Elect Director Susan Hockfield Mgmt For For 5 Elect Director Jeffrey R. Immelt Mgmt For For 6 Elect Director Andrea Jung Mgmt For For 7 Elect Director Alan G. Lafley Mgmt For For 8 Elect Director Robert W. Lane Mgmt For For 9 Elect Director Ralph S. Larsen Mgmt For For 10 Elect Director Rochelle B. Lazarus Mgmt For For 11 Elect Director James J. Mulva Mgmt For For 12 Elect Director Sam Nunn Mgmt For For 13 Elect Director Roger S. Penske Mgmt For For 14 Elect Director Robert J. Swieringa Mgmt For For 15 Elect Director James S. Tisch Mgmt For Against 16 Elect Director Douglas A. Warner, III Mgmt For For 17 Ratify Auditors Mgmt For For 18 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 19 Amend Omnibus Stock Plan Mgmt For For 20 Approve Material Terms of Senior Officer Performance Goals Mgmt For For 21 Provide for Cumulative Voting SH Against Against 22 Phase Out Nuclear Activities SH Against Against 23 Require Independent Board Chairman SH Against Against 24 Provide Right to Act by Written Consent SH Against For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock The Coca-Cola Company KO 25-Apr-12 USA 191216100 Annual 27-Feb-12 191216100 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Herbert A. Allen Mgmt For For 2 Elect Director Ronald W. Allen Mgmt For Against 3 Elect Director Howard G. Buffett Mgmt For For 4 Elect Director Richard M. Daley Mgmt For For 5 Elect Director Barry Diller Mgmt For Against 6 Elect Director Evan G. Greenberg Mgmt For For 7 Elect Director Alexis M. Herman Mgmt For For 8 Elect Director Muhtar Kent Mgmt For For 9 Elect Director Donald R. Keough Mgmt For For 10 Elect Director Robert A. Kotick Mgmt For For 11 Elect Director Maria Elena Lagomasino Mgmt For For 12 Elect Director Donald F. McHenry Mgmt For For 13 Elect Director Sam Nunn Mgmt For For 14 Elect Director James D. Robinson, III Mgmt For For 15 Elect Director Peter V. Ueberroth Mgmt For For 16 Elect Director Jacob Wallenberg Mgmt For Against 17 Elect Director James B. Williams Mgmt For For 18 Ratify Auditors Mgmt For For 19 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Johnson & Johnson JNJ 26-Apr-12 USA 478160104 Annual 28-Feb-12 478160104 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Mary Sue Coleman Mgmt For For 2 Elect Director James G. Cullen Mgmt For For 3 Elect Director Ian E.l. Davis Mgmt For For 4 Elect Director Alex Gorsky Mgmt For For 5 Elect Director Michael M.e. Johns Mgmt For Against 6 Elect Director Susan L. Lindquist Mgmt For For 7 Elect Director Anne M. Mulcahy Mgmt For Against 8 Elect Director Leo F. Mullin Mgmt For For 9 Elect Director William D. Perez Mgmt For Against 10 Elect Director Charles Prince Mgmt For Against 11 Elect Director David Satcher Mgmt For For 12 Elect Director William C. Weldon Mgmt For For 13 Elect Director Ronald A. Williams Mgmt For Against 14 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For Against 15 Approve Omnibus Stock Plan Mgmt For For 16 Ratify Auditors Mgmt For For 17 Require Independent Board Chairman SH Against Against 18 Require Shareholder Vote to Approve Political Contributions SH Against Against 19 Adopt Animal-Free Training Methods SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Abbott Laboratories ABT 27-Apr-12 USA 002824100 Annual 29-Feb-12 002824100 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1.1 Elect Director Robert J. Alpern Mgmt For For 1.2 Elect Director Roxanne S. Austin Mgmt For For 1.3 Elect Director Sally E. Blount Mgmt For For 1.4 Elect Director W. James Farrell Mgmt For For 1.5 Elect Director Edward M. Liddy Mgmt For For 1.6 Elect Director Nancy McKinstry Mgmt For Withhold 1.7 Elect Director Phebe N. Novakovic Mgmt For For 1.8 Elect Director William A. Osborn Mgmt For For 1.9 Elect Director Samuel C. Scott, III Mgmt For For 1.10 Elect Director Glenn F. Tilton Mgmt For For 1.11 Elect Director Miles D. White Mgmt For For 2 Ratify Auditors Mgmt For For 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 4 Report on Research Animal Care and Promotion of Testing Alternatives SH Against Against 5 Report on Lobbying Payments and Policy SH Against Against 6 Require Independent Board Chairman SH Against Against 7 Adopt Anti Gross-up Policy SH Against Against 8 Stock Retention/Holding Period SH Against Against 9 Cease Compliance Adjustments to Performance Criteria SH Against Against 10 Pro-rata Vesting of Equity Plans SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock American Express Company AXP 30-Apr-12 USA 025816109 Annual 01-Mar-12 025816109 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1.1 Elect Director C. Barshefsky Mgmt For For 1.2 Elect Director U.M. Burns Mgmt For For 1.3 Elect Director K.I. Chenault Mgmt For For 1.4 Elect Director P. Chernin Mgmt For For 1.5 Elect Director T.J. Leonsis Mgmt For For 1.6 Elect Director J. Leschly Mgmt For For 1.7 Elect Director R.C. Levin Mgmt For For 1.8 Elect Director R.A. McGinn Mgmt For For 1.9 Elect Director E.D. Miller Mgmt For For 1.10 Elect Director S.S. Reinemund Mgmt For For 1.11 Elect Director R.D. Walter Mgmt For For 1.12 Director R.A. Williams Mgmt For For 2 Ratify Auditors Mgmt For For 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 4 Amend Omnibus Stock Plan Mgmt For For 5 Provide for Cumulative Voting SH Against Against 6 Require Independent Board Chairman SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock PepsiCo, Inc. PEP 02-May-12 USA 713448108 Annual 02-Mar-12 713448108 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Shona L. Brown Mgmt For For 2 Elect Director Ian M. Cook Mgmt For For 3 Elect Director Dina Dublon Mgmt For For 4 Elect Director Victor J. Dzau Mgmt For For 5 Elect Director Ray L. Hunt Mgmt For For 6 Elect Director Alberto Ibarguen Mgmt For For 7 Elect Director Indra K. Nooyi Mgmt For For 8 Elect Director Sharon Percy Rockefeller Mgmt For For 9 Elect Director James J. Schiro Mgmt For For 10 Elect Director Lloyd G. Trotter Mgmt For For 11 Elect Director Daniel Vasella Mgmt For For 12 Elect Director Alberto Weisser Mgmt For For 13 Ratify Auditors Mgmt For For 14 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 15 Amend Omnibus Stock Plan Mgmt For For 16 Report on Lobbying Payments and Policy SH Against Against 17 Establish Risk Oversight Committee SH Against Against 18 Require Independent Board Chairman SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Verizon Communications Inc. VZ 03-May-12 USA 92343V104 Annual 05-Mar-12 92343V104 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Richard L. Carrion Mgmt For For 2 Elect Director Melanie L. Healey Mgmt For For 3 Elect Director M. Frances Keeth Mgmt For For 4 Elect Director Robert W. Lane Mgmt For For 5 Elect Director Lowell C. McAdam Mgmt For For 6 Elect Director Sandra O. Moose Mgmt For For 7 Elect Director Joseph Neubauer Mgmt For For 8 Elect Director Donald T. Nicolaisen Mgmt For For 9 Elect Director Clarence Otis, Jr. Mgmt For For 10 Elect Director Hugh B. Price Mgmt For For 11 Elect Director Rodney E. Slater Mgmt For For 12 Ratify Auditors Mgmt For For 13 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 14 Disclose Prior Government Service SH Against Against 15 Report on Lobbying Payments and Policy SH Against Against 16 Performance-Based and/or Time-Based Equity Awards SH Against Against 17 Amend Articles/Bylaws/Charter - Call Special Meetings SH Against Against 18 Provide Right to Act by Written Consent SH Against Against 19 Commit to Wireless Network Neutrality SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock 3M Company MMM 08-May-12 USA 88579Y101 Annual 09-Mar-12 88579Y101 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Linda G. Alvarado Mgmt For For 2 Elect Director Vance D. Coffman Mgmt For For 3 Elect Director Michael L. Eskew Mgmt For For 4 Elect Director W. James Farrell Mgmt For For 5 Elect Director Herbert L. Henkel Mgmt For For 6 Elect Director Edward M. Liddy Mgmt For For 7 Elect Director Robert S. Morrison Mgmt For For 8 Elect Director Aulana L. Peters Mgmt For For 9 Elect Director Inge G. Thulin Mgmt For For 10 Elect Director Robert J. Ulrich Mgmt For For 11 Ratify Auditors Mgmt For For 12 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 13 Amend Qualified Employee Stock Purchase Plan Mgmt For For 14 Amend Omnibus Stock Plan Mgmt For For 15 Report on Lobbying Payments and Policy SH Against Against 16 Prohibit Political Contributions SH Against Against 17 Require Independent Board Chairman SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Baxter International Inc. BAX 08-May-12 USA 071813109 Annual 12-Mar-12 071813109 Blackrock Baxter International Inc. BAX 08-May-12 USA 071813109 Annual 12-Mar-12 071813109 Blackrock Baxter International Inc. BAX 08-May-12 USA 071813109 Annual 12-Mar-12 071813109 Blackrock Baxter International Inc. BAX 08-May-12 USA 071813109 Annual 12-Mar-12 071813109 Blackrock Baxter International Inc. BAX 08-May-12 USA 071813109 Annual 12-Mar-12 071813109 Blackrock Baxter International Inc. BAX 08-May-12 USA 071813109 Annual 12-Mar-12 071813109 Blackrock Baxter International Inc. BAX 08-May-12 USA 071813109 Annual 12-Mar-12 071813109 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director James R. Gavin, III Mgmt For For 2 Elect Director Peter S. Hellman Mgmt For For 3 Elect Director K. J. Storm Mgmt For Against 4 Ratify Auditors Mgmt For For 5 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 6 Declassify the Board of Directors SH For For 7 Reduce Supermajority Vote Requirement SH For For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Bank of America Corporation BAC 09-May-12 USA 060505104 Annual 14-Mar-12 060505104 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Mukesh D. Ambani Mgmt For For 2 Elect Director Susan S. Bies Mgmt For For 3 Elect Director Frank P. Bramble, Sr. Mgmt For For 4 Elect Director Virgis W. Colbert Mgmt For Against 5 Elect Director Charles K. Gifford Mgmt For For 6 Elect Director Charles O. Holliday, Jr. Mgmt For For 7 Elect Director Monica C. Lozano Mgmt For For 8 Elect Director Thomas J. May Mgmt For For 9 Elect Director Brian T. Moynihan Mgmt For For 10 Elect Director Donald E. Powell Mgmt For For 11 Elect Director Charles O. Rossotti Mgmt For For 12 Elect Director Robert W. Scully Mgmt For For 13 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 14 Ratify Auditors Mgmt For For 15 Disclose Prior Government Service SH Against Against 16 Report on Lobbying Payments and Policy SH Against Against 17 Stock Retention/Holding Period SH Against Against 18 Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations SH Against Against 19 Prohibit Political Contributions SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Hospira, Inc. HSP 09-May-12 USA 441060100 Annual 12-Mar-12 441060100 Blackrock Hospira, Inc. HSP 09-May-12 USA 441060100 Annual 12-Mar-12 441060100 Blackrock Hospira, Inc. HSP 09-May-12 USA 441060100 Annual 12-Mar-12 441060100 Blackrock Hospira, Inc. HSP 09-May-12 USA 441060100 Annual 12-Mar-12 441060100 Blackrock Hospira, Inc. HSP 09-May-12 USA 441060100 Annual 12-Mar-12 441060100 Blackrock Hospira, Inc. HSP 09-May-12 USA 441060100 Annual 12-Mar-12 441060100 Blackrock Hospira, Inc. HSP 09-May-12 USA 441060100 Annual 12-Mar-12 441060100 Blackrock Hospira, Inc. HSP 09-May-12 USA 441060100 Annual 12-Mar-12 441060100 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Barbara L. Bowles Mgmt For For 2 Elect Director Roger W. Hale Mgmt For For 3 Elect Director John C. Staley Mgmt For For 4 Elect Director William G. Dempsey Mgmt For For 5 Provide Right to Call Special Meeting Mgmt For For 6 Declassify the Board of Directors Mgmt For For 7 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 8 Ratify Auditors Mgmt For For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Philip Morris International Inc. PM 09-May-12 USA 718172109 Annual 16-Mar-12 718172109 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Harold Brown Mgmt For For 2 Elect Director Mathis Cabiallavetta Mgmt For For 3 Elect Director Louis C. Camilleri Mgmt For For 4 Elect Director J. Dudley Fishburn Mgmt For For 5 Elect Director Jennifer Li Mgmt For For 6 Elect Director Graham Mackay Mgmt For For 7 Elect Director Sergio Marchionne Mgmt For For 8 Elect Director Kalpana Morparia Mgmt For For 9 Elect Director Lucio A. Noto Mgmt For For 10 Elect Director Robert B. Polet Mgmt For For 11 Elect Director Carlos Slim Helu Mgmt For For 12 Elect Director Stephen M. Wolf Mgmt For For 13 Ratify Auditors Mgmt For For 14 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 15 Approve Restricted Stock Plan Mgmt For For 16 Require Independent Board Chairman SH Against Against 17 Establish Ethics Committee to Review Marketing Activities SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Kohl's Corporation KSS 10-May-12 USA 500255104 Annual 07-Mar-12 500255104 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Peter Boneparth Mgmt For For 2 Elect Director Steven A. Burd Mgmt For For 3 Elect Director John F. Herma Mgmt For For 4 Elect Director Dale E. Jones Mgmt For For 5 Elect Director William S. Kellogg Mgmt For For 6 Elect Director Kevin Mansell Mgmt For For 7 Elect Director John E. Schlifske Mgmt For For 8 Elect Director Frank V. Sica Mgmt For For 9 Elect Director Peter M. Sommerhauser Mgmt For For 10 Elect Director Stephanie A. Streeter Mgmt For For 11 Elect Director Nina G. Vaca Mgmt For For 12 Elect Director Stephen E. Watson Mgmt For For 13 Ratify Auditors Mgmt For For 14 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 15 Adopt Policy on Ending Use of Animal Fur in Products SH Against Against 16 Adopt Policy on Succession Planning SH Against Against 17 Stock Retention/Holding Period SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Union Pacific Corporation UNP 10-May-12 USA 907818108 Annual 29-Feb-12 907818108 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Andrew H. Card, Jr. Mgmt For For 2 Elect Director Erroll B. Davis, Jr. Mgmt For For 3 Elect Director Thomas J. Donohue Mgmt For For 4 Elect Director Archie W. Dunham Mgmt For For 5 Elect Director Judith Richards Hope Mgmt For For 6 Elect Director Charles C. Krulak Mgmt For For 7 Elect Director Michael R. McCarthy Mgmt For For 8 Elect Director Michael W. McConnell Mgmt For For 9 Elect Director Thomas F. McLarty, III Mgmt For For 10 Elect Director Steven R. Rogel Mgmt For For 11 Elect Director Jose H. Villarreal Mgmt For For 12 Elect Director James R. Young Mgmt For For 13 Ratify Auditors Mgmt For For 14 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 15 Report on Lobbying Payments and Policy SH Against Against 16 Stock Retention SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock JPMorgan Chase & Co. JPM 15-May-12 USA 46625h100 Annual 16-Mar-12 46625h100 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director James A. Bell Mgmt For For 2 Elect Director Crandall C. Bowles Mgmt For For 3 Elect Director Stephen B. Burke Mgmt For For 4 Elect Director David M. Cote Mgmt For For 5 Elect Director James S. Crown Mgmt For For 6 Elect Director James Dimon Mgmt For For 7 Elect Director Timothy P. Flynn Mgmt For For 8 Elect Director Ellen V. Futter Mgmt For For 9 Elect Director Laban P. Jackson, Jr. Mgmt For For 10 Elect Director Lee R. Raymond Mgmt For For 11 Elect Director William C. Weldon Mgmt For For 12 Ratify Auditors Mgmt For For 13 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 14 Affirm Political Non-Partisanship SH Against Against 15 Require Independent Board Chairman SH Against Against 16 Report on Loan Modifications SH Against Against 17 Report on Political Contributions SH Against Against 18 Institute Procedures to Prevent Investments in Companies that Contribute to Genocide or Crimes Against Humanity SH Against Against 19 Provide Right to Act by Written Consent SH Against For 20 Stock Retention SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Safeway Inc. SWY 15-May-12 USA 786514208 Annual 16-Mar-12 786514208 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Steven A. Burd Mgmt For For 2 Elect Director Janet E. Grove Mgmt For For 3 Elect Director Mohan Gyani Mgmt For For 4 Elect Director Frank C. Herringer Mgmt For For 5 Elect Director Kenneth W. Oder Mgmt For For 6 Elect Director T. Gary Rogers Mgmt For For 7 Elect Director Arun Sarin Mgmt For For 8 Elect Director Michael S. Shannion Mgmt For For 9 Elect Director William Y. Tauscher Mgmt For For 10 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 11 Amend Executive Incentive Bonus Plan Mgmt For For 12 Ratify Auditors Mgmt For For 13 Provide for Cumulative Voting SH Against Against 14 Pro-rata Vesting of Equity Awards SH Against Against 15 Adopt Policy on Succession Planning SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Altria Group, Inc. MO 17-May-12 USA 02209S103 Annual 26-Mar-12 02209S103 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Elizabeth E. Bailey Mgmt For For 2 Elect Director Gerald L. Baliles Mgmt For For 3 Elect Director Martin J. Barrington Mgmt For For 4 Elect Director John T. Casteen III Mgmt For For 5 Elect Director Dinyar S. Devitre Mgmt For For 6 Elect Director Thomas F. Farrell II Mgmt For For 7 Elect Director Thomas W. Jones Mgmt For For 8 Elect Director W. Leo Kiely III Mgmt For For 9 Elect Director Kathryn B. McQuade Mgmt For For 10 Elect Director George Munoz Mgmt For For 11 Elect Director Nabil Y. Sakkab Mgmt For For 12 Ratify Auditors Mgmt For For 13 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 14 Report on Lobbying Payments and Policy SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Intel Corporation INTC 17-May-12 USA 458140100 Annual 19-Mar-12 458140100 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Charlene Barshefsky Mgmt For For 2 Elect Director Andy D. Bryant Mgmt For For 3 Elect Director Susan L. Decker Mgmt For For 4 Elect Director John J. Donahoe Mgmt For For 5 Elect Director Reed E. Hundt Mgmt For For 6 Elect Director Paul S. Otellini Mgmt For For 7 Elect Director James D. Plummer Mgmt For For 8 Elect Director David S. Pottruck Mgmt For For 9 Elect Director Frank D. Yeary Mgmt For For 10 Elect Director David B. Yoffie Mgmt For For 11 Ratify Auditors Mgmt For For 12 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 13 Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock The Home Depot, Inc. HD 17-May-12 USA 437076102 Annual 19-Mar-12 437076102 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director F. Duane Ackerman Mgmt For For 2 Elect Director Francis S. Blake Mgmt For For 3 Elect Director Ari Bousbib Mgmt For For 4 Elect Director Gregory D. Brenneman Mgmt For For 5 Elect Director J. Frank Brown Mgmt For For 6 Elect Director Albert P. Carey Mgmt For For 7 Elect Director Armando Codina Mgmt For For 8 Elect Director Bonnie G. Hill Mgmt For For 9 Elect Director Karen L. Katen Mgmt For For 10 Elect Director Ronald L. Sargent Mgmt For For 11 Ratify Auditors Mgmt For For 12 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 13 Amend Qualified Employee Stock Purchase Plan Mgmt For For 14 Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote SH Against Against 15 Prepare Employment Diversity Report SH Against Against 16 Amend Right to Act by Written Consent SH Against Against 17 Amend Bylaws - Call Special Meetings SH Against Against 18 Report on Charitable Contributions SH Against Against 19 Adopt Storm Water Run-off Management Policy SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Merck & Co., Inc. MRK 22-May-12 USA 58933Y105 Annual 23-Mar-12 58933Y105 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Leslie A. Brun Mgmt For For 2 Elect Director Thomas R. Cech Mgmt For For 3 Elect Director Kenneth C. Frazier Mgmt For For 4 Elect Director Thomas H. Glocer Mgmt For For 5 Elect Director William B. Harrison Jr. Mgmt For For 6 Elect Director C. Robert Kidder Mgmt For For 7 Elect Director Rochelle B. Lazarus Mgmt For For 8 Elect Director Carlos E. Represas Mgmt For For 9 Elect Director Patricia F. Russo Mgmt For For 10 Elect Director Craig B. Thompson Mgmt For For 11 Elect Director Wendell P. Weeks Mgmt For For 12 Elect Director Peter C. Wendell Mgmt For For 13 Ratify Auditors Mgmt For For 14 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 15 Provide Right to Act by Written Consent SH Against Against 16 Amend Bylaws - Call Special Meetings SH Against Against 17 Report on Charitable and Political Contributions SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Kraft Foods Inc. KFT 23-May-12 USA 50075N104 Annual 15-Mar-12 50075N104 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Myra M. Hart Mgmt For For 2 Elect Director Peter B. Henry Mgmt For For 3 Elect Director Lois D. Juliber Mgmt For For 4 Elect Director Mark D. Ketchum Mgmt For For 5 Elect Director Terry J. Lundgren Mgmt For For 6 Elect Director Mackey J. McDonald Mgmt For For 7 Elect Director Jorge S. Mesquita Mgmt For For 8 Elect Director John C. Pope Mgmt For Against 9 Elect Director Fredric G. Reynolds Mgmt For For 10 Elect Director Irene B. Rosenfeld Mgmt For For 11 Elect Director Jean-Francois M.L. van Boxmeer Mgmt For For 12 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 13 Change Company Name Mgmt For For 14 Ratify Auditors Mgmt For For 15 Report on Supply Chain and Deforestation SH Against Against 16 Report on Adopting Extended Producer Responsibility Policy SH Against Against 17 Report on Lobbying Payments and Policy SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Exxon Mobil Corporation XOM 30-May-12 USA 30231G102 Annual 04-Apr-12 30231G102 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1.1 Elect Director M.J. Boskin Mgmt For For 1.2 Elect Director P. Brabeck-Letmathe Mgmt For For 1.3 Elect Director L.R. Faulkner Mgmt For For 1.4 Elect Director J.S. Fishman Mgmt For For 1.5 Elect Director H.H. Fore Mgmt For For 1.6 Elect Director K.C. Frazier Mgmt For For 1.7 Elect Director W.W. George Mgmt For For 1.8 Elect Director S.J. Palmisano Mgmt For For 1.9 Elect Director S.S. Reinemund Mgmt For For 1.10 Elect Director R.W. Tillerson Mgmt For For 1.11 Elect Director E.E. Whitacre, Jr. Mgmt For For 2 Ratify Auditors Mgmt For For 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 4 Require Independent Board Chairman SH Against Against 5 Require a Majority Vote for the Election of Directors SH Against Against 6 Report on Political Contributions SH Against Against 7 Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity SH Against Against 8 Report on Hydraulic Fracturing Risks to Company SH Against Against 9 Adopt Quantitative GHG Goals for Products and Operations SH Against Against Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Comcast Corporation CMCSA 31-May-12 USA 20030N101 Annual 22-Mar-12 20030N101 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1.1 Elect Director Kenneth J. Bacon Mgmt For For 1.2 Elect Director Sheldon M. Bonovitz Mgmt For For 1.3 Elect Director Joseph J. Collins Mgmt For Withhold 1.4 Elect Director J. Michael Cook Mgmt For For 1.5 Elect Director Gerald L. Hassell Mgmt For Withhold 1.6 Elect Director Jeffrey A. Honickman Mgmt For For 1.7 Elect Director Eduardo G. Mestre Mgmt For For 1.8 Elect Director Brian L. Roberts Mgmt For For 1.9 Elect Director Ralph J. Roberts Mgmt For For 1.10 Elect Director Johnathan A. Rodgers Mgmt For For 1.11 Elect Director Judith Rodin Mgmt For Withhold 2 Ratify Auditors Mgmt For For 3 Amend Qualified Employee Stock Purchase Plan Mgmt For For 4 Amend Nonqualified Employee Stock Purchase Plan Mgmt For For 5 Restore or Provide for Cumulative Voting SH Against Against 6 Require Independent Board Chairman SH Against Against 7 Stock Retention/Holding Period SH Against Against 8 Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote SH Against For Meeting Meeting Record Issuer Name Ticker Date Country Security ID Type Date CUSIP Voting Policy Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Wal-Mart Stores, Inc. WMT 01-Jun-12 USA 931142103 Annual 04-Apr-12 931142103 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Elect Director Aida M. Alvarez Mgmt For For 2 Elect Director James W. Breyer Mgmt For For 3 Elect Director M. Michele Burns Mgmt For For 4 Elect Director James I. Cash, Jr. Mgmt For For 5 Elect Director Roger C. Corbett Mgmt For For 6 Elect Director Douglas N. Daft Mgmt For For 7 Elect Director Michael T. Duke Mgmt For Against 8 Elect Director Marissa A. Mayer Mgmt For For 9 Elect Director Gregory B. Penner Mgmt For For 10 Elect Director Steven S. Reinemund Mgmt For For 11 Elect Director H. Lee Scott, Jr. Mgmt For Against 12 Elect Director Arne M. Sorenson Mgmt For For 13 Elect Director Jim C. Walton Mgmt For For 14 Elect Director S. Robson Walton Mgmt For Against 15 Elect Director Christopher J. Williams Mgmt For Against 16 Elect Director Linda S. Wolf Mgmt For For 17 Ratify Auditors Mgmt For For 18 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For 19 Report on Political Contributions SH Against For 20 Request Director Nominee with Patient Safety and Healthcare Quality Experience SH Against Against 21 Performance-Based Equity Awards SH Against Against Meeting Meeting Record Voting Issuer Name Ticker Date Country Security ID Type Date CUSIP Policy Check Point Software Technologies Ltd. CPW 07-Jun-12 Israel M22465104 Annual 30-Apr-12 M22465104 Blackrock Check Point Software Technologies Ltd. CPW 07-Jun-12 Israel M22465104 Annual 30-Apr-12 M22465104 Blackrock Check Point Software Technologies Ltd. CPW 07-Jun-12 Israel M22465104 Annual 30-Apr-12 M22465104 Blackrock Check Point Software Technologies Ltd. CPW 07-Jun-12 Israel M22465104 Annual 30-Apr-12 M22465104 Blackrock Check Point Software Technologies Ltd. CPW 07-Jun-12 Israel M22465104 Annual 30-Apr-12 M22465104 Blackrock Check Point Software Technologies Ltd. CPW 07-Jun-12 Israel M22465104 Annual 30-Apr-12 M22465104 Blackrock Check Point Software Technologies Ltd. CPW 07-Jun-12 Israel M22465104 Annual 30-Apr-12 M22465104 Blackrock Check Point Software Technologies Ltd. CPW 07-Jun-12 Israel M22465104 Annual 30-Apr-12 M22465104 Blackrock Item Number Proposal Proponent Mgmt Rec Vote Instruction 1 Reelect Directors Mgmt For For 2 Reelect External Directors Mgmt For For 2a Indicate Personal/Controlling Interest in Proposed Agenda Item Mgmt None Against 3 Approve Auditors and Authorize Board to Fix Their Remuneration; Review Consolidated Financial Statements Mgmt For For 4 Approve Compensation of Chairman/CEO Including Option Grant Mgmt For For 4a Indicate Personal Interest in Proposed Agenda Item Mgmt None Against 5 Reauthorize Board Chairman to Serve as CEO Mgmt For Against 5a Indicate Personal/Controlling Interest in Proposed Agenda Item Mgmt None Against SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant Chestnut Street Exchange Fund By (Signature and Title)* /s/ Edward J. Roach -------------------------------------------------- Edward J. Roach, President & Treasurer (Principal Executive Officer) Date August 6, 2012 * Print the name and title of each signing officer under his or her signature.