HomeMy WebLinkAbout05-15-15 RECORDED OFFICE OF
RECISTE'R L.F WILLS
1110
TRUST 4RFHAN#S'
1CUM5E.
COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
NAME OF TRUST
(TRUST UNDER WILL OF
or
TRUST UNDER DEED OF GEORGE N. WADE, JR.
DATED 416/1995(as amended )
No. 9I^15-swq
PETITION FOR ADJUDICATION/
STATEMENT OF PROPOSED DISTRIBUTION
PURSUANT TO Pa. O.C.Rule 6.9
This form may be used in all cases involving the Audit of Trust Accounts. If space is insufficient,
riders may be attached.
INCL UDE ATTACHMENTS AT THE BACK OF THIS FORM.
Name of Counsel: DAVID M. WATTS,JR.,ESQ.
Supreme Court I.D.No.: 42232
Name of Law Firm: MCNEES WALLACE&NURICK LLC
Address: 100 PINE STREET, PO BOX 1166,HARRISBURG,PA 17108-1166
Telephone: 717-237-5344
Fax: 717-260-1754
Form oc-02 rev 10.13.06 Page 1 of 1.0
Name of Trust: GEORGE N. WADE, JR. PART B TRUST
1. Name(s)and address(es)of Petitioner(s):
Petitioner: Petitioner:
Name., PNC BANK,N.A.
Address: 4242 Carlisle Pike
Camp Hill, PA 17011
2. Check if any of the following issues are involved in this case:
A. Appointment of Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B. Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
C. Discharge of Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
D. Transfer of Situs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E. Appointment of Ad Litem . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F. Minor, Unborn or Unascertained Beneficiary(ies) . . . . . . . . . . . . . . . . . . . . . . 0
G. Principal Distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
H. Partial/Full Termination of Trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1. Missing Beneficiary(ies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E3
J. Cy Pres . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
K. Williamson Issue* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
L. Other Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
List:
Please note:
A detailed explanation of issues checked should be set forth at item 13 below.
*See Williamson Estate,368 Pa.343,82 A.2d 49(1951),if Trustee was also Executor of the settlor/decedent's estate and
received commissions in such capacity.
Form OC-02 rev 10.13.06 Page 2 of 10
Name of Trust: GEORGE N. WADE, JR. PART B TRUST
3. Testamentary Trust:
Decedent's date of death:
Date of Decedent's Will:
Date(s)of Codicil(s):
Date of probate:
or
Inter Vivos Trust:
Date of Trust: April 6, 1995
Date(s)of Amendment(s): January 17,2001
Copies attached in Exhibit A
4. A. If any other Court has taken jurisdiction of any matter relating to this Trust,explain:
N/A
B. Identify all prior accountings and provide dates of adjudication.
No prior accountings
5. A. State how each Trustee was appointed:
PNC Bank,N.A.was appointed as Trustee in the April 6, 1995 trust agreement
B. If a Petitioner is not a Trustee, explain:
N/A
Form OC-02 rev 10.13.06 Page 3 of 10
Name of Trust: GEORGE N. WADE, JR. PART B TRUST
6. State how and when the present fund was awarded to Trustee(s):
See attached statement
7. Period covered by accounting: June 13,2005_to April 16,2015
8. Current fair market value of the Trust principal is$ 570,509.43 (Seepage
.30 of Account.)
9. State concisely the dispositive provisions of the Trust:
See attached statement
10. Explain the reason for filing this Account(if filed because of the death of a party, state
name of person, relationship to Trust and date of death):
The trustee is filing a First and Interim Accounting at this time to provide the remainder
beneficiaries of the Trust with detailed information on the trust administration since its
inception,and also to obtain the Court's approval of all distributions made to date.
Form OC-02 rev 10.13,06 Page 4 of 10
GEORGE N.WADE,JR. PART B TRUST
ATTACHMENT-PETITION FOR ADJUDICATION
6. State how and when the present fund was awarded to Trustee(s):
George N. Wade, Jr. ("George") established and funded during his lifetime, the George N. Wade,
Jr. Revocable Trust(the"Revocable Trust"), by Agreement dated April 6, 1995, as amended on January
17, 2001 (collectively the"Trust Agreement"). At George's death on August 4, 2004, the Revocable Trust
was distributable, per Schedule B of the Trust Agreement, between Part A(the Credit Shelter/Family Part)
and Part B(Marital Part).
The George N. Wade, Jr, Part B Trust("Part B Trust") recelved the residue from the Revocable
Trust(the funds remaining after payment of all expenses to facilitate the administration of George's
estate, including administration expenses and inheritance taxes, and the funding of the Part A Trust).
The Part B Trust received funds totaling$746,739.61 from the Revocable Trust(received
$566,856.75 of cash on June 13, 2005 and $179,882.86 of cash on March 9, 2006.
9. State concisely the dispositive provisions of the Trust:
The Part B Trust is for the lifetime benefit of Betty June Snyder Wade("Betty"), the spouse of
George N. Wade, Jr. ("George"). Per Schedule B of the trust agreement, Betty is entitled to all the net
income from the Trust(payable quarterly or more frequently), and the trustee has the right to invade the
principal of the Trust for the exclusive benefit of Betty, for maintaining the standard of living to which she
has become accustomed, and"for the maintenance, medical needs, or hospital or nursing and support" of
Betty. At Betty's death, the Trust is distributable to George's children, George N. Wade, III and Beth
Owen Wade.
Per a Family Settlement Agreement dated April 11,2005(the"Settlement Agreement") between
Betty, the trustee, and the remainder beneficiaries of the Trust, in satisfaction of Betty's entitlement to the
income from the Trust, Betty shall receive a minimum annual amount of$40,000 per year, payable
monthly (or such greater amount as determined to be the income of the Trust for the purposes of
complying with federal tax law concerning "qualified terminable interest property"under section
2056(b)(7)of the Internal Revenue Code of 1986, as amended). The minimum annual amount shall be
increased on each fifth year anniversary of George's death based on the increase during such period in
the Consumer Price Index, All Urban Consumers, for the Northeast Region as published by the Bureau of
Labor Statistics, As reflected in the attached Accounting, Betty was entitled to and received: (1)$40,000
annually(or$3,333.33/monthly) from July 5, 2005 through August 5, 2009; (2) $45,949 annually (or
$3,829.08/monthly)from August 6, 2009 through August 5, 2014; and (3) $50,458.68 annually(or
$4,204.89/monthly) from August 6, 2014 to date. Per the Settlement Agreement, Betty will continue to
receive$4,204.89/monthly,(this amount will be adjusted again on August 5, 2019).
In addition, the Settlement Agreement provides that: (1) it shall be understood that if Betty's bills
for her maintenance, support and healthcare in any given year exceed the distributions to her, she may
submit such bills to the trustee for payment pursuant to its right to invade the principal of the Trust for
maintaining the standard of living that Betty is accustomed and for her maintenance, medical needs,
hospital and nursing care and support; and (2)that such expenses will be paid without regard to Betty's
other available resources, provided that such expenses shall relate to Betty only and shall not include any
expenses relating to maintenance, support, healthcare or other needs of Betty's issue. As reflected in the
attached Accounting, the Trustee has paid bills for Betty related to necessary repairs to Betty's residence,
and also for hearing aids for Betty. In making a determination to pay bills submitted by Betty for
reimbursement by the Trust, the Trustee would request financial information from Betty regarding her
annualexpenses.
Per the Settlement Agreement, the Trustee has invested the trust assets for growth using the
PNC "growth investment profile"which at the time of the Settlement Agreement was invested 80% in
equities and 20% in fixed income investments and cash equivalents.
Attached to this Petition are copies of: (1)Settlement Agreement dated April 11, 2005 (in Exhibit
B); (2)trustee's calculations of the annual amount adjustments required in August 2009 and August 2014
(in Exhibit C); and(3) information on the performance of the PNC"growth investment profile"from April
2005 to date (in Exhibit D).
Name of Trust: GEORGE N. WADE, JR. PART B TRUST
11. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this
Audit see Pa. O.C.Rule 12.4):
not applicable
12. A. State the amount of Pennsylvania Transfer Inheritance Tax and Pennsylvania Estate
Tax paid(including postponed tax on remainder interests),the dates of payment and
the interests upon which such amounts were paid:
Date Payment Interest
B. If any such taxes remain unpaid or are in dispute, explain:
See attached statement
13. Describe any questions requiring Adjudication and state the position of Petitioner(s)and
give details of any issues identified in item 2:
No questions for Adjudication
Form OC-02 rev 10.13.06 Page 5 of 10
GEORGE N.WADE,JR. PART B TRUST
ATTACHMENT-PETITION FOR ADJUDICATION
12. B. If any such taxes remain unpaid or are in dispute, explain:
The Part B Trust is a sole use spousal trust for Pennsylvania inheritance tax purposes. On the
inheritance tax return for George N.Wade, Jr., the inheritance tax on the Part B Trust was deferred until
the death of Betty Wade. At Betty's death, the Part B Trust will be fully taxable in Betty's estate for
Pennsylvania inheritance tax purposes. The inheritance tax due on the Part B Trust will be paid from the
Trust's residue.
Name of Trust: GEORGE N. WADE, JR. PART B TRUST
14. Written notice of the Audit as required by Pa.O.C. Rules 6.3, 6.7 and 6.8 has been or will
be given to all parties in interest listed in item 15 below. In addition,notice of any
questions requiring Adjudication as discussed in item 13 above has been or will be given
to all persons affected thereby.
A. If Notice has been given, attach a copy of the Notice as well as a list of the names
and addresses of the parties receiving such notice.
B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and
addresses of the parties receiving such Notice shall be submitted at the Audit
together with a statement executed by Petitioner(s)or counsel certifying that such
Notice has been given.
C. If any such party in interest is not sui juris(e.g.,minors or incapacitated persons),
Notice of the Audit has been or will be given to the appropriate representative on
such party's behalf as required by Pa.O.C.Rule 5.2.
D. If any charitable interest is involved,Notice of the Audit has been or will also be
given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition,
the Attorney General's clearance certificate(or proof of service of Notice and a
copy of such Notice)must be submitted herewith or at the Audit.
15. List all parties of whom Petitioner(s) has/have notice or knowledge, having or claiming
any interest in the Trust,whether such interest is vested or contingent,charitable or
non-charitable. This list shall:
A. State each party's relationship to the Settlor/Decedent and the nature of each
party's interest(s);
Name and Address ojEach Party in Interest I Relationship and Comments.harry I Interest
See attached list
Form OC-02 rev 10.13.06 Page 6 of 10
GEORGE N.WADE, JR. PART B TRUST
ATTACHMENT-PETITION FOR ADJUDICATION
15. List all parties of whom Petitioner(s) has/have notice or knowledge, having or claiming any
interest in the Trust, whether such interest is vested or contingent, charitable or non-charitable. This list
shall:
A. State each party's relationship to the Settlor/Decedent and the nature of each party's
interest(s):
Name &Address of Each Party Relationship and Comments, if
in Interest any Interest
Mrs. Betty Wade Surviving Spouse of George N. Life Interest in Part B Trust
c/o Elizabeth Ross Wade, Jr.
70 Schooner Ct.
Pawleys Island, SC 29585
Beth Owen Wade Daughter of George N. Wade, Jr. Remainder Beneficiary of Part B
c/o Susan C. Frunzi, Esq. Trust— Entitled to 50% of trust
Schulte Roth &Zabel LLP residue
919 Third Avenue
New York, NY 10022
George N. Wade, III Son of George N. Wade, Jr. Remainder Beneficiary of Part B
c/o Susan C. Frunzi, Esq. Trust—Entitled to 50% of trust
Schulte Roth &Zabel LLP residue
919 Third Avenue
New York, NY 10022
Name of Trust: GEORGE N. WADE, JR. PART B TRUST
Name and Address o Each Party in Interest I Relationship and Comments.ifany Interest
B. Identify each party who is not sui juris(e.g.,minors or incapacitated persons).
For each such party, give date of birth,the name of each Guardian and how each
Guardian was appointed. If no Guardian has been appointed, identify the next of
kin of such party,giving the name, address and relationship of each;and
not applicable
C. If distribution is to be made to the personal representative of a deceased party,
state date of death, date and place of grant of Letters and type of Letters granted.
not applicable
16. If Petitioner(s)has/have knowledge that a Trust share has been assigned or attached,
provide a copy of the assignment or attachment,together with any relevant supporting
documentation.
17. If a trustee's principal commission is claimed:
A. If based on a written agreement, attach a copy thereof.
Copy of trustee's fee schedule is attached in Exhibit E
Form OC-02 rev/0.!3.06 Page 7 of 10
Name of Trust: GEORGE N. WADE, JR. PART B TRUST
B. If a principal commission is claimed, state amount.
Per the attached Accounting,the Trustee has been paid fees of$40,779.57
(allocated to principal)&$37,511.55 (allocated to income)for total fees from
June 13, 2005 to April 16,2015 of$78,291.12.
C. If a principal commission is claimed, state the amounts and dates of any principal
commissions previously paid in prior accounting periods.
Amount Date Paid
18. If a reserve is requested,state amount and purpose.
Amount:
P'Pa..: No reserve is required as that the Accounting being filed is a First and Interim
Accounting,and the trust administration will continue until the death of Betty
Wade.
If a reserve is requested for counsel fees, has notice of the
amount of fees to be paid from the reserve been given to the
parties in interest? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E]Yes O No
If so, attach a copy of the notice.
19. Is the Court being asked to direct
the fling of a Schedule of Distribution? . . . . . . . . . . . . . . . . . . . . . . . . . . O Yes E]No
Form OC-02 revl0.13.06 Page 8 of 10
Name of Trust: GEORGE N. WADE, JR. PART B TRUST
Wherefore,your Petitioner(s)ask(s)that distribution be awarded to the parties entitled
and suggest(s)that the distributive shares of income and principal (residuary shares being stated
in proportions, not amounts)are as follows:
A. Income:
Proposed Distributee(s) Amount/Proportion
Income will be held by trustee for further
administration pursuant to the terms of the
Trust Agreement
B. Principal:
Proposed Distributee(s) AmounuTroportion
Principal will be held by the trustee for
further administration pursuant to the terms of
the Trust Agreement
Submitted By:
(All petitioners must sign,
Add additional lines if necessary):
PNC BANK,N.A.
BY 0i V
Name of Petit er: Carr Vogelsong, Vice President
Name of Petitioner:
Form OC-01 rev 10.13.06 Page 9 of 10
Name of Trust: GEORGE N. WADE, JR. PART B TRUST
Verification of Petitioner
(Verification must be by at least one petitioner.)
The undersigned hereby verifies* [that hel he she is title Vice President
of the above-named name ofcorporation PNC Bank,N.A. and] that the facts set
forth in the foregoing Petition for Adjudication/Statement of Proposed Distribution which are
within the personal knowledge of the Petitioner are true, and as to facts based on the information
of others,the Petitioner, after diligent inquiry, believes them to be true;and that any false
statements herein are made subject to the penalties of 18 Pa. C.S. §4904 (relating to unsworn
falsification to authorities).
PNC Bank, N.A.
BY:
Signature of Peti ' ner
*Corporate petitioners must complete bracketed Information.
Certification of Counsel
The undersigned counsel hereby certifies that the foregoing Petition for Adjudication/
Statement of Proposed Distribution is a true and accurate reproduction of the form Petition
authorized by the Supreme Court, and that no changes to the form have been made beyond the
responses herein.
Signature of Counse or 15etitioner
Form OC-01 rev 10.13.06 Page 10 of 10
EXHIBIT A
COPY OF TRUST
AGREEMENT
DATED APRIL 5 ,
1995 AND
AMENDMENT
DATED JANUARY
1712001
CERTIFICATION
I, the undersigned, hereby certify that the attached copies of the George N. Wade, Jr.
Trust Agreement dated April 6, 1995 and the Amendment to Trust dated January 17, 2001 are
true and correct copies of the original Trust Agreement and Amendment to Trust.
Date: 1:��
David M. Watts, Jr., Esquire
McNees Wallace & Nurick LLC
Id. No. 42232
100 Pine Street
PO Box 1166
Harrisburg, PA 17108-1166
(717) 237-5344
Counsel for Petitioner
Yr
TABLE OF CONTENTS,TO C� C'
TRUST AGREEMENT DATED , 1995
BETWEEN GEORGE N. WADE, JR., AS SETTLOR
AND PNC BANK, N.A., AS TRUSTEE
J
ADMINISTRATIVE PART . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Article I Addition of Property to Trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1_
Article II Reservation of Rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Article III Principal and Income Disbursement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Article IV Premiums on Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Article V Amendment and Revocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .: 2 +�
Article VI Litigation to Enforce Policies, Collect Claims 2
Article VII Powers of Trustee . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . 2
A. RETAIN ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B. DISPOSE OF PROPERTY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
C. AUTHORIZED INVESTMENTS
D. REGISTER SECURITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 3
E. LOANS; ADVANCES . . . . . . . . . . . . . . . . . . . . . . .
3
F. RETENTION IN CASH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 f
G. BORROW MONEY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
H. VOTE SECURITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
I. ALLOCATE RECEIPTS, EXPENSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 1 :
J. DISTRIBUTE CASH OR KIND, NON-PRORATA . . . . . . . . . . . . . . . . . . . . . . 3
K. CONSOLIDATED FUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
L. COMPROMISE CLAIMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
M. ENGAGE EXPERTS . . . . . . . . . . . . . . . . . . 4
N. PRINCIPAL TO MINOR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
O. PROHIBITION AGAINST SALE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
P. FACILITY OF PAYMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Q. VESTING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
R. TERMINATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
S. ADOPTED CHILDREN INCLUDED . . . . . . . . . . . . . -. • • • • • • • • • • • • • • 4
T. BUSINESS AUTHORITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
U. DISCRETIONARY POWER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
V. POWERS THROUGH FINAL DISTRIBUTION . . . . . . . . . . . . . . . . . . . . . . . . 5
W. ALLOCATION OF ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
X. PROTECTION OF MARITAL DEDIJCTION . . . . . . . . . . . . . . . . . . . . . . . . . 5
Y. EMPLOYEE BENEFIT ELECTION . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . 5 -a
Z. EDUCATION DEFINED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
AA. OCCUPANCY OF RESIDENCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
BB. LIMITATION ON TRUSTEE POWER . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 ,.
CC. CONSULTATION WITH OTHERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 @
DD. GENL'•RATION SKIPPING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
EE. RESERVES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 :
FF. TRUSTEE'S POWER TO AMEND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Article VIII Applicable Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Article IX Receipt of Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Article X Trustee's Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
Article XI Resignation of Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . .
Article XII Removal of Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
SCIIEDULE °A•• . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
LIST OF TIIE LIFE INSURANCE POLICIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
E
TRUST AGREEMENT
THIS AGREEMENT is made this day of , 1995, by
and between GEORGE N. WADE, JR., (hereinafter called "Seulor")and.PNC BANK, N.A., (hereinafter
called "Trustee").
I. BACKGROUND: Settlor has caused this Trust to be funded by the transfer and assignment of
certain property to Trustee, and/or by naming Trustee as beneficiary of certain life insurance policies. The
Settlor may also cause other property to be deposited for the uses and purposes of this Trust. The property
and/or insurance policies may be listed for convenience in detail in Schedule "A" attached to this Trust, and
made a part hereof.
The Trust is composed of two parts, an Administrative Part and a Dispositive Part.
The Trust may be amended.
ADMINISTRATIVE PART
H. AGREEMENT: Settlor creates this Trust on the following terms and conditions:
Article I Addition of Property to Trust
Settlor reserves the right to add to this Trust any policies of insurance issued on Settlor's life and any
other property and/or securities whether such addition be made by the Settlor or any other person. The
proceeds of any such policies of insurance or any additional property and/or securities so acquired shall be held
on the same terms of trust as if originally a part of the Trust.
Article II Reservation of Rights
(Insurance)
Settlor reserves to Settlor, during Settlor's life, all payments, dividends, surrender value privileges and
benefits of any kind which may accrue on account of any of the aforesaid policies of insurance, and the right at
any time to assign, pledge or use said policies, or any of them, or to change the beneficiary thereof, or to
borrow money thercon, without the consent, approval or joinder of the Trustee, or any beneficiary hereunder.
The Trust shall be operative only as to the proceeds of such of the policies as in terms may be due and payable
to the Trustee at the time of the death of the Settlor or thereafter, after deduction of all charges against the
policies by way of advances, loans, premiums or otherwise. Such proceeds shall be principal. The receipt of
the Trustee for such proceeds shall release the insurance companies from liability on the policies.
(Other Property)
As to assets added to the Trust during the lifetime of the Settlor, and by the Settlor, the Settlor reserves
to Settlor, during Settlor's life, the right to withdraw or direct payment of principal or income, and to direct
Trustee to make such investments as Settlor desires, as well as the right to approve, in advance, any investments
Trustee selects. Subject to these powers of Settlor, Trustee may pay principal or income for the support or
welfare of Settlor.
As to assets added to the Trust by a person or entity other than Settlor, Trustee shall, during the
J
lifetime of Settlor, in Trustee's sole discretion, pay so much of the income and/or principal as Trustee deems-
necessary, for the benefit of Settlor and/or the issue of Settlor and for the support, maintenance, health, and
safety of Settlor, or the issue of Settlor. All accumulated or undistributed income shall be added to principal
hereunder.
Article III Principal and Income Disbursement
Upon Settlor's death, the Trustee shall disburse the income and principal of the Trust Estate in the
manner set forth in detail in Schedule "B" attached hereto.
Article IV Premiums on Policies
Trustee is not obligated to pay any premiums or assessments on policies of insurance and shall be under
no obligation in respect to the policies other than for the safe-keepiug thereof, except to the extent otherwise
expressly agreed to herein, if the policies are deposited herewith.
Article V Amendment and Revocation
Settlor may by a writing, delivered to the Trustee: (a) amend, modify or alter this Agreement, in
whole or in part, provided that the duties, powers and liabilities of the Trustee shall not be changed without its
written consent; (b) revoke this Agreement in whole or in part; provided, however, that the rights of Settlor
under (a) and (b)shall not apply to any assets added to the Trust by a person other than Settlor.
Article VI Litigation to Enforce Policies, Collect Claims
The Trustee may institute any proceedings at law or in equity in order to enforce the payment of
insurance policies or the collection of other property, and may do and perform any and all other acts and things
which may be necessary to do so. Trustee shall not, except at its option, cuter into or maintain any litigation to
enforce the payment of said policies, or collect such property until it shall have been indemnified to its
satisfaction against all expenses and liabilities to which it may, in its judgment, be subjected by any such action
on its part.
The Trustee is authorized to compromise and adjust claims arising out of the insurance policies or any
of them or other property, upon such terms and conditions as it may deem just, and the decision of the Trustee
shall be binding and conclusive upon all persons and corporations interested thcreiu, all without necessity for
court approval.
Article VII Powers of Trustee
Except as otherwise specifically provided herein, and in addition to the powers granted Trustee by law,
(all of which shall be exercised by Trustee without posting bond or furnishing sureties in this or any other
jurisdiction), the Trustee shall hold and manage the fund, when so collected, together with such other property
as may be acquired, during the existence of this Trust, all of which property will hereinafter be referred to as
the "Trust Estate", or "Trust" being any trust or trusts created herein or in Schedule "B" hereof, upon the
following terms and conditions and with the following powers and authorities:
A. RETAIN ASSETS: To retain all or any part of the trust in the form in which it was acquired as
long as it deems advisable;
B. DISPOSE OF PROPERTY: To sell, exchange, partition, lease, option, or otherwise dispose of
any property or part thereof, real or personal, which may at any time form part of this Trust Estate at public or
private sale for such purposes and upon such terms, including sales on credit with or without security, in such
2
1
manner and at such prices as it may determine, including the right to lease real estate for periods in excess of
five years and for a term expiring after the termination of any trust, and including the right to deal in real estate
ventures as a general or limited partner. In the event of a sale, exchange, partition, lease or option of any of
the property of this Trust Estate, there shall be no liability on the part of the purchaser or purchasers to see to
the application of the purchase money, but the same shall be held and disposed of by such purchaser or
purchasers free and clear of any of the provisions of any trust created hereby;
C. AUTHORIZED INVESTMENTS: To invest or reinvest the Trust Estate in any property, real or
personal, of any kind or nature, including stocks, bonds, mortgages, other securities and common trust funds of
the Corporate Trustee, if any, without being limited or restricted to investments as now or may hereafter be
prescribed for trustees by law including the right to acquire, sell or retain stock in the Corporate Trustee.
Trustee may invest, reinvest, buy, sell or trade options,puts, calls, or any other type of financial instrument,
the nature of which need not be contemplated or in existence at the time this trust is created.
D. REGISTER SECURITIES: To register securitics in its name as Trustee or in the name of any
nominee or to take and keep the same unregistered and retain them or any part thereof in such condition that
they will pass by delivery without disclosing the fact that the property is held in a fiduciary capacity;
E. LOANS; ADVANCE-S: To make any loans, or advances either secured or unsecured in such
amounts, upon such terms, at such rates of interest and to such persons, firms, corporations or the executor or
administrator of Settlor's Estate or the Estate of Settlor's spouse or otherwise to facilitate such estate
administration without interest and without reimbursement for the purpose of the payment of taxes, debts and
administration expenses; provided, however, that any benefits from a qualified employee benefit plan received
by the Trustee shall not be used for the payment of such taxes, debts or expenses, if not includible in Settlor's
gross estate for federal estate tax purposes nor funds otherwise eligible for the Marital Deduction;
F. RETENTION IN CASH: To retain for reasonable periods the principal or corpus, or any part
thereof of this Trust Estate in the formof cash;
G. BORROW MONEY: To borrow money for any purpose on any terms in connection with the
administration of or investment in assets of this Trust Estate; execute promissory notes or other obligations for
the amounts so borrowed and secure the payment of any amounts so borrowed by mortgage or pledge of any
real or personal property which may of any time form a part of this Trust Estate;
H. VOTE SECURITIES: To vote any securities upon any proposition or election at any meeting and
to grant proxies, discretionary or otherwise; to join in or become a part of any reorganization, readjustment,
merger, voting trust, consolidation or exchange and to deposit any such securities with any committee,
depository, trustee or otherwise and to pay out of this Trust Estate any fees, expenses and assessments, incurred
in connection therewith and to charge the same to principal or income as Trustee may see fit; to exercise
conversion, subscription or other rights, or to sell or abandon such rights and to receive and hold any new
securities issued as a result of such reorganization, readjustment, merger, voting trust, consolidation, exchange
or exercise of subscription, conversion or other rights; and generally take all action in respect to any such
securities as Trustee might or could do as absolute owner thereof; to vote any stock in the corporate trustee;
1. ALLOCA'T'E RECEIPTS, EXPENSES: In Trustee's discretion, to allocate to either principal or
income or between them any and all taxes (especially capital gains taxes)or receipts or expenses which Trustee
may be required to pay on behalf of this Trust Estate, but in no event shall the income of any marital deduction
trust created herein be reduced by the exercise of this power.
J. DISTRIBUTE CASH OR KIND, NON-PRORATA: To divide or distribute, whenever it is
required or permitted, this Trust Estate and to make such division or distribution in kind or in money or partly
in kind and partly in money, and the judgment of the Trustee as to the value of the different items shall be
3
conclusive and final upon the beneficiaries; to make non-prorata distributions of assets in kind;
K. CONSOLIDATED FUND: To hold and administer the trusts created hereby in one or more
consolidated funds in whole or in part in which the separate trusts or funds shall have an undivided interest;
L. COMPROMISE CLAIMS: To compromise claims, on such terms and conditions as Trustee, in
Trustee's sole and exclusive discretion, deems appropriate without obtaining court approval thereof.
M. ENGAGE EXPERTS: To engage attorneys, investment counsel, accountants, agents and such
other persons as it may deem advisable in the administration of this Trust Estate and to make such payment
therefor as it may deem reasonable and to charge the expenses thereof to income or principal as it may
determine and to delegate to such persons any discretion which it may deem proper. The Trustee shall not be
liable for any negligence, omission or wrongdoing of such counsel or agents, providing reasonable care was
exercised in their selection;
N. PRINCIPAL TO MINOR: If the principal of any trust is payable to a person or persons under the
age of twenty-one (21)years, the Trustee shall continue the term of said trust as to said person or persons under
the age of twenty-one (21) years, until he, she or they attain twenty-one (21)years of age, meanwhile paying
over to the person under the age of twenty-one (21) years, or for their use and benefit, the proportionate share
of the net income of said trust;
O. PROHIBITION AGAINST SALE: No title in any Trust Estate, or in the income accruing
therefrom, or in its accumulation shall vest in any beneficiary, and no beneficiary shall have the right or power
to transfer, assign, anticipate, or encumber his or her interest in said Trust Estate, or in the income therefrom,
prior to the actual distribution thereof by the Trustee to said beneficiary. Further neither the income nor the
principal of any Trust Estate shall be liable in any warmer, in the possession of the Trustee for the debts,
contracts, of engagements of any beneficiary.
P. FACILITY OF PAYMENT: Should the principal or income or both of this or any Trust be
payable to any person as to whom the 'rrustce has actual knowledge of a court adjudication of incompetency, or
incapacity, or who the Trustee determines, in thediscrctiou of Trustee, is unable to act effectively on his or her
own behalf in financial matters, then Trustee shall have the right to use such principal or income to pay to such
beneficiary, or for the benefit of such beneficiary, but nothing herein shall be deemed to impair the duty of
Trustee to pay income to Settlor's spouse under any trust herein qualifying for the marital deduction (if created
herein), unless Settler's spouse is declared legally incompetent.
Q. VESTING: No trust created herein, or by exercise of a power of appointment hereunder, shall
continue for more than twenty-one (21)years after the death of the last to die of Settlor and the beneficiaries in
being at the date of Settlor's death. Any property still held in trust at the expiration of that period shall
immediately vest in and be distributed to the person or persons then entitled to receive or have the benefit of the
income therefrom in the proportions in which they are entitled thereto, or if their interests are indefinite, then in
equal shares, per stirpes.
R. TERMINATION: If at any time during the term of this Trust, Trustee determines, in its sole
discretion, that the corpus of the Trust has become too small to be practical, or uneconomical to continue, then
Trustee may distribute The corpus of the Trust estate to the then income beneficiary or beneficiaries in
accordance with the portions of income to which each beneficiary is entitled, or if such portions are not
specifically set forth herein, then in such amounts as it deems appropriate.
S. ADOPTED CHILDREN INCLUDED: The words "child, children or issue or descendants" as
used in this Trust, shall include adopted children and adopted grandchildren, and children or grandchildren born
4
or adopted after the date of this Trust, unless expressly stated to the contrary.
T. BUSINESS AUTHORITY: If the Trust Estate includes any interest which the Settlor had in a
business at the time of Settlor's death, whether the same is a sole proprietorship, a partnership or a corporation
in which Settlor owned all or a substantial portion of the stock, the Trustee is authorized to continue the
business, without order of court, until such time as it deems it advisable to sell, liquidate or distribute the same
in kind. Trustee shall have all rights and powers in connection with the business as the Settlor had when living,
including by way of example and not limitation, the powers to operate or join in the operation thereof as a going
concern, to form or re-form a general or limited partnership, to incorporate or re-incorporate and to liquidate or
sell the same or any part thereof, all as it deems advisable for the best interests of the Trust Estate and of the
beneficiaries thereof, without any liability for loss resulting from the operation of said business except where
such loss is the result of gross negligence or fraud on the part of the Trustee. The Trustee shall be entitled to
receive for its services in connection with said business, such additional compensation as may be commensurate
therewith.
U. DISCRETIONARY POWER: In exercising discretionary powers granted to Trustee under this
Trust, Trustee may give due regard to the assets and income of the beneficiary, other than assets and benefits
under any trust created hereunder.
V. POWERS THROUGH FINAL DISTRIBUTION: All powers and authorities granted to Trustee
hereunder shall be fully exercisable by Trustee through and including final distribution of assets hereunder, even
though the Trust may have terminated earlier.
W. ALLOCATION OF ASSETS: Trustee may allocate assets among the beneficiaries (including any
trust hereunder) without regard to the income tax basis of any such assets.
X. PROTECTION OF MARITAL DEDUCTION: Notwithstanding anything to the contrary herein or
in Schedule "B" hereof, no power, authority or discretion given to Trustee hereunder or in Schedule "B" hereof
shall be construed in any manner which shall result in a disallowance of the marital deduction for any trust
created for the benefit of my spouse, otherwise eligible for the marital deduction, if created hereunder, and any
such power or authority which is construed to have such effect is void, hereby revoked, and to no effect, as if
not set forth herein, in Trustee's discretion.
Y. EMPLOYEE BENEFIT ELECTION: Trustee, in addition to all powers granted by law, is hereby
authorized to make such election in connection with settlements under employee benefit plans in which Settlor
has an interest as Trustee deems most advantageous under all the circumstances.
Z. EDUCATION DEFINED: The word "education" as use in this Trust shall mean and include, but
not be limited to primary, secondary, collegiate and/or post-graduate education in private or parochial school,
college, trade school or graduate school. It is Settlor's intention in granting Trustee the power to expeud funds
for "education" that the word "education" be interpreted broadly by Trustee.
AA. OCCUPANCY OF RESIDENCE: To permit any beneficiary or beneficiaries to occupy rent free
any residence constituting a part of the assets of a trust for such beneficiary or beneficiaries and to pay the real
estate taxes thereon, expenses of maintaining said residence in suitable repair and condition and hazard
insurance premiums on the residence; provided, however, the Trustee shall not exercise this power in any way
which would deprive Settlor's spouse of the beneficial enjoyment of Part "B" and such spouse shall have the
right to limit, restrict or terminate the Trustee's exercise of this power if it interferes with such beneficial
enjoyment.
BB. LIM1TXI'ION ON TRUSTEE POWER: No person at any time acting as a Trusice hereunder
5
1
shall have any power or obligation to participate in any discretionary authority Settlor has given to Trustee to
pay the income or principal to such person or for his or her benefit or in relief of his or her legal obligations.
Further, no Trustee who is a beneficiary of one of the trusts, or who is legally obligated to support a
beneficiary, shall ever participate in (i) the exercise of, or decision not to exercise, any discretion to pay income
or principal to, or to apply income or principal for the benefit of, any beneficiary (including discretion to
allocate funds among a group of beneficiaries and discretion to accumulate income), (ii)the determination
whether a beneficiary is disabled, (iii)the decision to end any trust, (iv) the exercise of discretion to allocate
receipts or expenses between principal and income, (v)decisions to exercise tax options, (vi) a decision to make
payments to aid in the settlement of my estate, (vii)the selection of a custodian for a minor's property, (viii)the
selection of the property to be allocated to the marital deduction trust, (ix) the decision to combine or divide
trusts, or (x) the amendment of the trust by a Trustee hereunder.
CC. CONSULTATION WITH OTHERS: Trustee is directed to consult with Settlor's spouse in
connection with any investment of the Trust.
DD. GENERATION SKIPPING: In my Trustee's sole discretion to allocate such exemptions as are
available as to the generation skipping transfer tax to any property, to exclude any property from that allocation
and to make all related allocations thereto. No beneficiary shall have any claim against my Trustee for
exercising or not exercising such allocation powers as granted herein.
Further, Trustee is authorized to divide any trust created hereunder into two separate trusts so that the
inclusion ratio for generation skipping transfer tax purposes shall be either zero or one for each such separate
trust. Any such separate trust shall have the identical provisions as the original trust. If trusts are created, the
Trustee may, at any time prior to a combination of such trusts: (1) make different tax elections (including the
allocation of Settlor's available generation-skipping tax exemption from the federal generation-skipping transfer
tax) with respect to each separate trust; (2) expend principal and exercise any other discretionary powers with
respect to such separate trusts differently; (3)invest such separate trusts differently; and (4)take all other
actions consistent with such trusts being separate entities. Further, the donee of any power of appointment with
respect to any trust so divided may exercise such power differently with respect to the separate trusts created by
the division. Settlor exonerates Trustee from any liability arising from any exercise or failure to exercise these
powers, provided the actions (or inactions) of Trustee are taken in good faith.
If Trustee exercises the special election provided by Section 2652(a)(3)of the Internal Revenue Code,
as amended, as to this Trust, Scttlor authorizes Trustee in its sole discretion at any time prior to the funding of
the trust by an instrument filed with the trust records to divide the trust property into two fractional share trusts,
one based upon Settlor's generation skipping transfer exemption allocated to the trust and the second being the
balance of the trust property.
If a trust hereunder would be partially exempt from generation-skipping tax by reason of an allocation
of generation-skipping tax exemption to it, before the allocation the Trustee, in its discretion, may divide the
trust into two separate trusts of equal or unequal value, to permit allocation of the exemption solely to one trust
which will be entirely exempt from generation-skipping tax. In addition, if a trust hereunder is entirely exempt
or entirely non-exempt from generation-skipping tax and adding property to the trust would partially subject it to
generation-skipping tax, the Trustee, in its discretion, may hold that property as a separate trust in lieu of
making the addition. Except as otherwise provided in this instrument, the trusts created herein shall have the
same terms and conditions, but the Trustee shall not make discretionary distributions from the income or
principal of the exempt trust to beneficiaries who are non-skip persons so long as any readily marketable assets
remain in trust other than the exempt trust.
Upon division or distribution of an exempt trust and a non-exempt or partially exempt trust held
6
hereunder, the Trustee, in its discretion, may allocate property from the exempt trust first to a share from which
f a generation-skipping transfer is more likely to occur.
EE. RESERVES: To maintain reasonable reserves for depreciation, depletion, amortization and
obsolescence..
FF. TRUSTEE'S POWER TO AMEND:.Trustee shall have the power in its sole discretion, by an
instrument filed with the trust records to amend the dispositive or administrative provisions of this indenture
(including the provisions relating to the trustee); provided that only descendants of the grantor (or their estates)
or charitable organizations described in Sections 2055(a)and 2522(a) of the Internal Revenue Code, as
amcuded, shall be beneficiaries and the grantor shall not be given any right or power with respect to the trust
property. Further, Trustee shall not exercise this,power in such a way that a trust otherwise eligible for the
marital deduction, or otherwise eligible as a qualified domestic trust does not qualify as such.
Article VIII Applicable Law
This Trust has been accepted in the State of Pennsylvania and shall in all respects be governed by the
laws of that State.
Article IX Receipt of Policies
Settlor, by joining in the execution of this instrument acknowledges (unless otherwise specified in
writing) that Settlor has retained custody and possession of the insurance policies, if any, described on Schedule
"A" attached•hereto and made a part hereof.
Article X Trustee's Compensation
The compensation payable to Trustee shall be the compensation due, in accordance with the fee
schedule of Trustee, at the time Trustee renders services hereunder, but if Trustee has no such fee schedule,
then such compensation shall be reasonable.
Article XI Resignation of Trustee
Trustee may resign by giving written notice thereof to the Settlor, if living, or if Settlor is not living
then to Settlor's spouse, or if Settlor's spouse is not living, by notice to Settlor's children, even if those children
be minors, specifying a date, not less than thirty(30)days from the date of the notice, on which Trustee shall
be deemed to have resigned. Upon such date, Trustee shall be deemed to have resigned, and upon delivery of
the assets of the Trust to the Successor Corporate Trustee appointed as described below, shall be free of any
further duty to Settlor or the beneficiaries or the Successor Corporate Trustee hereunder, except for past acts or
conduct of Trustee. A Successor Corporate Trustee, a corporation, bank or trust company, qualified under the
laws of the Commonwealth of Pennsylvania or the United States of America to act as Trustee shall be appointed
as follows:
1. By Settlor, if then alive.
2. If Settlor is not then alive, then Settlor's spouse shall select the Successor Corporate Trustee.
3. If neither Settlor nor Settlor's spouse are alive, then such selection shall be made by majority vote
of the income beneficiary or beneficiaries of the trust,who are twenty-one (21)years of age or older.
4. If Settlor and Settlor's spouse are not living, and there are no income beneficiaries of the age of
7
twenty-one (21) years or older, or if the appropriate person above fails so to select a Successor Corporate -
Trustee, within ten days after notice of resignation is given, then and in such events the Orphans' Court
Division of the Court of Common Pleas of the County in which this Trust has its situs shall select a Successor
Corporate Trustee having the qualifications listed above.
Any Successor Corporate Trustee so selected shall serve on the same terms and conditions, and with
the same powers and duties as if originally appointed.
Article XII Removal of Trustee
Settlor's spouse shall have the right, by written notice to Trustee, to remove the Trustee.
If Settlor's spouse so removes the Trustee, then Settlor's oldest issue shall have the authority to name a
successor trustee to serve on the same terms and conditions as set forth herein. Any such successor trustee shall
be a corporation or national bank authorized to exercise trust powers in the Commonwealth of Pennsylvania.
IN WITNESS WHEREOF, the Settlor, GEORGE N. WADE, JR., and Trustee, PNC BANK, N.A.,
have signed this Trust the day and year first above written.
/,���UEOR& E, JR.
Signed, sealed and
delivered in the
p nce of:
PNC BANK, N.A.
ATTEST:
,1
(Corporate Seal)
8
' 1 t
COMMONWEALTH OF PENNSYLVANIA:
1
COUNTY OF f C ftp
On the to day of 41995, before me, the subscriber, a Notary Public in
and for said Commonwealth and Co nty, came the above-named GEORGE N. WADE, JR., satisfactorily
proven to me to be the person whose name is subscribed to the within instrument, and acknowledged the above
Agreement to be his act and deed, and desired the same might be recorded as such.
WITNESS my hand and Notarial Seal.
otary ublic
NOTARIAL SEAL
mmission Expires: JUDY A. IMES, Notary Public
Harrisburg, Dauphin County
MY Commission Expires Sept.8, 1997
COMMONWEALTH OF PENNSYLVANIA:
S :
COUNTY OFG
On the Wt day of 1995 the subcriber, a Notary Public in and for
said Commonwealth and County, p rsonall app, red , who
acknowledged himself to be the %•- of PNC BANK, N.A., and that
he as such officer being authorized to do so, executed the foregoin nstrument for the purpose therein
contained by signing the name of the corporation by himself as such officer.
IN WITNESS WIIEREOF, I have hereuntos y hand and official seal.
otary ublic
Mymission Expires
NOTARIAL SEAL
JUDY A. IMES, Notary Public
Dauphin County
LHarrisburg,ommission Expires Sept.8, 1997
9
' M i
SCHEDULE "A"
LIST OF THE LIFE INSURANCE POLICIES
AND/OR PROPERTY DEPOSITED WITH
PNC BANK, N.A. UNDER REVOCABLE TRUST AGREEMENT
WITH GEORGE N. WADE, JR.
$1.00
10
DISPOSITIVE PART
SCHEDULE 11B11
PLAN OF DISTRIBUTION OF TRUST ESTATE
OF GEORGE N. WADE, JR. UNDER AGREEMENT
DATED 1995
Trustee shall divide the Trust Estate (including but not limited to any and all property received by
Trustee prior to Settlor's death, under Settlor's Last Will and Testament, proceeds of life insurance, and all
other property forming a corpus hereof, before the payment of inheritance, estate or succession taxes, whether
such taxes are paid from this trust or any other source), into two(2)parts, one "Family" or "Credit Shelter",
Part "A" and the second "Marital", Part "B", in the following manner, and each to be held on the following
terms and conditions:
PART "All
A. Amount; Composition: Part "A," the "Family" or "Credit Shelter" part, shall be such amount, if
any, as when added to other property passing outside of this Trust Agreement (which is included in Settlor's
gross estate for federal estate tax purposes and does not qualify for the marital or charitable deduction)will
produce a federal estate tax in Settlor's estate, prior to the use of such credits, equal to the total of the available
unified credit and the credit for state death taxes (other than those imposed solely to obtain the credit under
Section 2011 of the Internal Revenue Code). This amount shall be computed before payment of death taxes and
may be satisfied with cash or with assets in kind at their market value at the date of distribution. Property
ineligible for the marital deduction or excludable from Settlor's gross estate shall be allocated to this part, even
if such allocation results in an overfunding.
TERMS OF DISTRIBUTION
Part "A" shall be held by Settlor's Trustee,on the terms and conditions as follows:
1. Trustee may, in Trustee's uncontrolled discretion, if a corporate Trustee, or, if an individual
Trustee, shall pay or advance to Settlor's executor administration expenses and estate and inheritance taxes
(including the supplemental estate tax on certain qualified plan benefits, but not including any generation
skipping transfer tax imposed on a direct skip), and other expense to facilitate the administration of Settlor's
estate, with respect to property or interests subject to taxation by reason of Settlor's death, and whether passing
under Settlor's will, or otherwise, without apportionment, andwithoutreimbursement from the principal hereof.
During Wife's Lifetime
2. Trustee, in its discretion, may pay the income and such portion of the principal of this Trust as
Trustee decides from time to time for the support of Settlor's Wife and to maintain the standard of living to
which Settlor's Wife has become accustomed and for the support, maintenance, housing, medical or nursing
care of Settlor's Wife, and for the issue of Settlor, as hereafter defined, for similar purposes, in Trustee's sole
discretion.
3. If Settlor's Wife is living on the last day of a calendar year, Settlor's Wife shall have the right, at
any time on that day, to withdraw the greater of Five Thousand Dollars ($5,000.00)or five per cent (5%)of the
then aggregate value of principal of the Trust, by written notice to the Trustee, and the Trust shall terminate as
to such amount withdrawn. This right shall be exercisable annually, and is not cumulative.
Upon and After Wife's Death
4. Upon the death of Settlor's Wife, this Trust shall terminate, and Trustee shall pay, absolutely and
free of Trust the sum of one million dollars ($1,000,000)one-half to Settlor's son; GEORGE N. WADE, III,
and one-half to Senlor's daughter, BETH W. NELSON, but if one is not then living to his or her issue, or if no
issue are then surviving to the survivor or his or her issue. The remaining principal and.accumulated income of
the Trust Estate shall be distributed in equal shares to separate trusts, one for each then living child of Settlor
and Settlor's Wife (or issue of a deceased child).
For all purposes herein, unless the context expressly requires otherwise, the phrase "Settlor's issue",
"Settlor's child" or "Settlor's children" shall be interpreted to apply to each of the children or,issue of Settlor
and Settlor's Wife, without distinction between parents.
As to each such separate trust, Trustee shall distribute as much of the income, accumulated income and
principal of each such separate trust as follows:
(a) Trustee shall distribute as much of the income, accumulated income and principal of each such
separate trust as Trustee, in its sole discretion may, from time to time, think advisable for the
support, maintenance, and education of the issue of Settlor, for whom the Trust has been
created or during illness or emergency or any other like needs of such issue. These payments
shall either be made directly to them or any of them by Trustee or else paid to the person with
whom such issue resides or to whom control or care of such issue has been entrusted, or else
applied directly for their own benefit by Trustee, all without the intervention of a guardian.
(b) Upon the expiration of two (2)years from the date each trust is funded, Trustee shall pay ten
per cent (10%) of the principal of such trust, absolutely and free of trust, to Settlor's and
Settlor's Wife then living child for whom the trust was created and this trust shall terminate as
to such portion so distributed;
(c) Upon the expiration of two (2) additional years from the date each trust is funded, Trustee
shall likewise distribute forty per cent (40%)of the then principal of the trust as set forth
above;
(d) Upon the expiration of six (6)years from the date each trust is funded, each trust shall
terminate and the principal and any accumulated income thereof shall be paid absolutely and
free of trust to Settlor's child or Settlor's Wife's child for whom created, or issue of a
deceased child for whom a trust was created. If a child dies before termination, or if all issue
of a deceased child do not survive to termination, then the trust for such shall be held for the
issue of the deceased child, as set forth above, but if none then survive, the trust shall be
divided into a number equal to the then existing trusts and paid to each such trust and held and
distributed as if originally a part thereof.
12
PART "B"
B. Part "B," the "Marital Part" shall consist of the remainder of the Trust Estate. Part "B" shall be
paid, distributed and/or held in further trust by Trustee on the following terms and conditions:
Distribution of Income and Principal; Withdrawals
1. Settlor's Wife shall be entitled to all of the income from Part "B", payable in quarterly or
more frequent installments as Settlor's Wife determines for her lifetime.
2. Trustee may use all or such part of the principal for the benefit of Settlor's Wife, to maintain
the standard of living of Settlor's Wife or for the health,support and maintenance of Settlor's Wife, as Trustee
determines, and, only in the discretion of any corporate Trustee, for the comfort of Settlor's Wife.
Distribution Upon Wife's Death
3. On the death of Settlor's Wife or if she does not survive Settlor, this trust shall terminate and
Trustee shall pay the accumulated income if any to the estate of Settlor's Wife, and the principal shall be held in
further trust on the terms and conditions set forth in paragraph A. 4 of this Schedule "B", as a part of Part "A",
and as if originally a part thereof.
C. Trustee shall pay any increase in federal estate or inheritance taxes or administration expenses in
the estate of Settlor's Wife caused by the inclusion of this Marital Trust or Part "B" for tax purposes in the
estate of Settlor's Wife, from principal of Part "B". Trustee may rely upon a written statement from the
executor of Settlor's Wife as to the amount of such tax or expense.
D. Settlor's Wife shall have the right to compel Trustee to invest in income-producing property,as to
investments in Part "B".
E. In the event Settlor's Wife and Settlor should die under circumstances which render the order of
their deaths uncertain, for the purposes of this Trust it shall be conclusively presumed that Settlor's Wife
survived Settlor. In such event, however, or in the event that Settlor's Wife shall die within six (6)months of
the date of Settlor's death, (in lieu of the amount above specified), Part "B" shall consist of that amount (but no
more) of the principal held hereunder (without deduction for estate or inheritance taxes)which must be added to
the value of all other property for which the marital deduction is allowed, in order to give Settlor's estate a
marital deduction which would result in the lowest total of federal estate tax on Settlor's estate and Settlor's
Wife's estate. Such amount shall be determined on the assumption that Settlor's Wife died after Settlor on the
date of Settlor's death and that Settlor's Wife's estate was valued as of the date upon (and in the manner in)
which Settlor's estate is valued for federal estate tax purposes.
GEOR E N. WADE, JR.
13
r
AMENDMENT TO TRUST
created by GEORGE N. WADE, JR, with PNC BANK, N A
Dated April 6, 1995
Dated: 7 , 2000
PNC BANK, N A
Re: Trust Agreement dated April 6, 1995
between GEORGE N. WADE, JR. as Settlor and
PNC BANK, NA as Trustee.
Gentlemen:
Pursuant to the rights reserved to GEORGE N.WADE,JR.under Article V(a)of this Trust,
GEORGE N. WADE, JR. wishes to and does hereby amend this Trust as set forth in this
AMENDMENT TO TRUST.
In all respects, other than those specifically set forth herein, the terms and conditions of the
above Trust are ratified and confirmed, in their entirety.
There shall be added to Article VII, a new subparagraph GG.,as follows:
"GG. CONCERNING SELF-DEALING: No rule of law against self-dealing, divided
loyalty, or conflict of interest shall be applied to render any transaction effected by the
Trustees void, voidable, or otherwise subject to attack solely for violation of such rule,
nor shall the Trustees incur any liability, nor shall any Trustee's commissions for acting
hereunder be reduced, solely for violation of such rule. Any transaction which involves
self-dealing, divided loyalty, or conflict of interest by the Trustees shall be judged by the
rules of law which would apply to the same transaction at arm's length between strangers
free of any element of self-dealing, divided loyalty, or conflict of interest. Thus, by way
ofillustration and not of limitation,all Trustees are authorized,without giving any notice
required by statute, to:
(1) Employ and compensate any Trustee or any affiliate as broker,
agent, or professional advisor for any purpose.
(2) Borrow from the commercial department of any corporate
Trustee or any affiliate at current interest rates.
(3) Buy, retain, and sell any debt or equity security issued or
underwritten by any corporate Trustee or any affiliate and any debt security
secured,supported,and/or otherwise enhanced by a letter of credit issued by any
corporate Trustee or any affiliate.
C:\My files\WP Client N-Z\WADEJR\2000 planning\LETTER amendment.gRitgcdeafw-�d
(4) Buy, retain, and sell any security of any investment company or
trust registered under the Investment Company Act of 1940 to which any
corporate Trustee or any affiliate renders services for compensation.
(5) Buy any property from or'sell property to any beneficiary or
Trustee acting hereunder or otherwise on arm's length terms.
An "affiliate" means any entity which owns, directly or indirectly, an interest in any
corporate Trustee, any entity in which any corporate Trustee owns an interest, directly
or indirectly, and any entity in common control with any corporate Trustee."
Also,Schedule"B", "Plan of Distribution of Trust Estate of GEORGE N.WADE,JR.Under
Agreement dated April 5, 1995"is deleted in its entirety and the attached Schedule"B"is substituted
in its place.
Very truly yours,
ACCEPTED this /hay of Sr"_"_td 200y, GEORGE N. WADE, JR.
%
PNC BANK, N A
fore"102
BY:
W1 Q&- President Itapy of the original �jjjstruweot
duly executed, .in our postos$404,
"der, our Control and unreti d.
By. Pvc
COMMONWEALTH OF PENNSYLVANIA: Z;Ba I a
Author i ze�ds j try g
SS:
COUNTY OF BAUPiEF?
/4
On the_Z 7 day of m^-666, before me, the subscriber, a Notary
Public in and for said Commonwealth and Cow y,came the above-named GEORGE N.WADE,JR.,
satisfactorily proven to me to be the person whose name is subscribed to the within instrument and
acknowledged the above instrument to be her/his act and deed, and desired the same might be
recorded as such.
WITNESS my hand and Notari Sea].
<
,,�_ otary Public
My Commission Expires: -N&ARIAL SEAL
DENISE C.SULLENBERGER,Notary Public
Hampden Twp.,Cumberland County
My Commission Expires Nov.22,2004
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SCHEDULE "B"
PLAN OF DISTRIBUTION OF TRUST ESTATE
OF GEORGE N. WADE, JR. UNDER AGREEMENT
DATED April 6, 1995
Trustee shall divide the Trust Estate(including but not limited to any and all property received
by Trustee prior to Settlor's death, under Settlor's Last Will and Testament, proceeds of life
insurance, and all other property forming a corpus hereof, before the payment of inheritance, Estate
or succession taxes, whether such taxes are paid from this trust or any other source), into two (2)
parts, one"Family"or"Credit Shelter", Part"A"and the second "Marital",Part "B", in the following
manner, and each to be held on the following terms and conditions:
PART "All
A. Amount; Composition: Part "A," the "Family" or "Credit Shelter" part, shall be such
amount, if any, as when added to other property passing outside of this Trust Agreement (which is
included in Settlor's gross Estate for federal Estate tax purposes and does not qualify for the marital
or charitable deduction)will produce a federal Estate tax in Settlor's Estate, prior to the use of such
credits, equal to the total of the available unified credit and the credit for state death taxes(other than
those imposed solely to obtain the credit under Section 2011 of the Internal Revenue Code). This
amount shall be computed before payment of death taxes and may be satisfied with cash or with
assets in kind at their market value at the date of distribution. Property ineligible for the marital
deduction or excludable from Settlor's gross Estate shall be allocated to this part, even if such
allocation results in an overfunding.
TERMS OF DISTRIBUTION
Part "A" shall be held by Settlor's Trustee, on the terms and conditions as follows:
I
I. Trustee may, in Trustee's uncontrolled discretion, if a corporate Trustee, or, if an
individual Trustee,shall pay or advance to Settlor's executor administration expenses and Estate and
inheritance taxes (including the supplemental Estate tax on certain qualified plan benefits, but not
including any generation skipping transfer tax imposed on a direct skip), and other expense to
facilitate the administration of Settlor's Estate,with respect to property or interests subject to taxation
by reason of Settlor's death, and whether passing under Settlor's will, or otherwise, without
apportionment, and without reimbursement from the principal hereof.
2. -7rustee shall distribute any tangible personal property,including automobiles,to Settlor's
spouse;and pay land distribute the entire remaining principal of this Trust,absolutely and free of trust,
and per stirpes, to Settlor's children, Beth Nelson, and George N. Wade, Jr. However, if either of
Settlor's children shall disclaim all or a part of this gift, or any interest in Settlor's estate, or this Trust
Estate, then such disclaimed interest shall pass as follows:
a. Each disclaimer shall be in writing and shall be delivered to Trustee. A disclaimer by
the personal representative of a deceased beneficiary, the properly authorized attorney in fact of a
beneficiary, or the guardian of an incompetent beneficiary shall have the same effect as a disclaimer
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< < I } t
r
s by the beneficiary.
b. The disclaimed interest shall be disposed of, and the provisions of any Will or Trust
which relate to the disclaimed interest shall be administered,as though the beneficiary did not survive
Settlor. However, if either of Settlor's children should disclaim any part of this Trust Estate, and if
the disclaimer is a"qualified disclaimer"within the meaning of Section 2518 of the Internal Revenue
Code, the part which Settlor's child disclaims shall be held in a separate trust and administered and
disposed of as follows:
(1) All of the net income shall be distributed to the issue of Settlor's son, George
N. Wade, III, or Trustee shall apply such income for the benefit of the issue
of Settlor's son, George N. Wade, III, in quarterly or more frequent
installments, and in such shares as Trustee shall determine.
(2) Trustee may distribute to any one or more of the issue of Settlor's son,
George N. Wade, III, or apply for his her or their benefit, as much of the
principal of this trust as the Trustee in its sole discretion, from time to time
consider advisable for the health, maintenance education housing and support
the issue of Settlor's son, George N. Wade, III.
(3) Upon the death of Settlor's son, George N. Wade, III, or if he does not
survive Settlor, the trust shall terminate, and the principal and any
undistributed income then remaining, if any, shall be distributed,
ABSOLUTELY AND FREE OF FURTHER TRUST, to the issue of George
N. Wade,III, per stirpes.
PART "B"
B. Part "B" shall consist of the remainder of the Trust Estate. Part "B" shall be paid and
held in further trust by Trustee on the following terms and conditions:
1. Settlor's spouse shall be entitled to all of the income from Part "B", payable in
quarterly or more frequent installments as Settlor's spouse determines.
2. No person shall have power to appoint any part of the property making up Part "B" to
any person, other than to Settlor's spouse, during the life of Settlor's spouse.
3. The income interest created for the benefit of Settlor's spouse hereunder is intended to
qualify as a qualified income interest, and the property making up Part "B" is intended to constitute
qualified terminable interest property under Internal Revenue Code Section 2056 (b)(7) and (8), or
such like section as is enacted from time to time.
4. During the life of Settlor's spouse,Trustee shall have the right to invade the principal
of this Trust, and use such principal, but for the exclusive benefit of Settlor's spouse, for maintaining
the standard of living to which Settlor's spouse has become accustomed, and for the maintenance,
medical needs, or hospital or nursing and support of Settlor's spouse.
ON THE death of Settlor's spouse, or if she does not survive Settlor, then this trust shall
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; l R
terminate,and Trustee shall pay the accumulated income and principal absolutely to Settlor's children,
Beth Nelson, and George N. Wade,Jr., per stirpes. However, if either of Settlor's children shall
disclaim all or a part of this gift, or any interest in Settlor's estate, or this Trust Estate, then such
disclaimed interest shall pass as follows:
I. Each disclaimer shall be in writing and shall be delivered to Trustee. A disclaimer by
the personal representative of a deceased beneficiary, the properly authorized attorney in fact of a
beneficiary, or the guardian of an incompetent beneficiary shall have the same effect as a disclaimer
by the beneficiary.
2. The disclaimed interest shall be disposed of, and the provisions of any Will or Trust
which relate to the disclaimed interest shall be administered,as though the beneficiary did not survive
Settlor. However, if either of Settlor's children should disclaim any part of this Trust Estate, and if
the disclaimer is a"qualified disclaimer"within the meaning of Section 2518 of the Intemal Revenue
Code, the part which Settlor's child disclaims shall be held in a separate trust and administered and
disposed of as follows:
(1) All of the net income shall be distributed to the issue of Settlor's son, George
N. Wade, III,or Trustee shall apply such income for the benefit of the issue
of Settlor's son, George N. Wade, III, in quarterly or more frequent
installments, and in such shares as Trustee shall determine.
(2) Trustee may distribute to any one or more of the issue of Settlor's son,
George N. Wade, III, or apply for his her or their benefit, as much of the
principal of this trust as the Trustee in its sole discretion, from time to time
consider advisable for the health, maintenance and support the issue of
Settlor's son, George N. Wade, III,.
(3) Upon the death of Settlor's son, George N. Wade, III, or if he does not
survive Settlor, the trust shall terminate, and the principal and any
undistributed income then remaining, if any, shall be distributed,
ABSOLUTELY AND FREE OF FURTHER TRUST,to the issue of George
N. Wade, III, per stirpes.
C. Settlor's spouse shall have the right to compel Trustee to'invest in income-producing
property, as to investments in Part "B".
D. In the event Settlor's spouse and Settlor should die under circumstances which render the
order of their deaths uncertain, for the purposes of this Trust it shall be conclusively presumed that
Settlor's spouse survived Settlor. In such event, however, (in lieu of the amount above specified),
Part"B"shall consist ofthat amount(but no more)of the principal held hereunder(without deduction
for estate or inheritance taxes)which must be added to the value of all other property for which the
marital deduction is allowed, in order to give Settlor's estate a marital deduction which would result
in the lowest total of federal estate tax on Settlor's estate and Settlor's spouse's estate. Such amount
shall be determined on the assumption that Settlor's spouse died after Settlor on the date of Settlor's
death and that Settlor's spouse's estate was valued as of the date upon (and in the manner in) which
Settloes estate is valued for federal estate tax purposes.
GEORGE N. WA&. 5of
C:\My files\WP Client N-Z\WADEJR\2000 planning\LETTER am ndment
EXHIBIT B
COPY OF FAMILY
SETTLEMENT
AGREEMENT
DATED
APRIL 11 , 2005
FAMILY SETTLEMENT AGREEMENT
THIS AGREEMENT is entered into as of the 11`h day of April, 2005, by and between
BETTY JUNE SNYDER WADE ("Betty"), GEORGE N. WADE, III ("George"), BETH OWEN
WADE ("Beth") and PNC BANK, N.A. ("PNC").
WITNESSETH :
WHEREAS, George N. Wade, by an Indenture of Trust dated July 18, 1958, which was
subsequently amended on April 8, 1971, created a trust(the "George N. Wade Trust"), the net
income of which was to be paid "quarterly or oftener to or for the benefit of the Settlors son,
George N. Wade, Jr., if he be then living, and if not, this trust shall continue and be divided into
two equal parts, one for each of Settlor's grandchildren, George N. Wade, III, and Beth Owen
Wade Nelson";
WHEREAS, George N. Wade, Jr., died on August 4, 2004;
WHEREAS, the parts established for George N. Wade, III, and Beth Owen Wade
Nelson, pursuant to the terms of the George N. Wade Trust agreement, are to be distributed to
George and Beth when they have reached the age of thirty-five years;
WHEREAS, both George and Beth have attained the age of thirty-five years;
WHEREAS, George N. Wade, Jr., established a trust under a trust agreement dated
April 6, 1995, and subsequently amended on January 17, 2001 (the "George N. Wade, Jr.
Trust");
WHEREAS, after the death of George N. Wade, Jr., Schedule "B" of the George N.
Wade, Jr. Trust states that Part "A" or the Credit Shelter part, is first to be used to pay
executors, estate administration expenses and estate and inheritance taxes, and then shall be
distributed in equal shares to Beth and George;'
WHEREAS, the amount passing under Part"A" of the George N. Wade, Jr. Trust is that
amount which when added to anything passing outside the George N. Wade, Jr. Trust (and
included in George N. Wade's estate but not eligible for the marital deduction) is equal to the
available unified credit and credit for state death taxes;
WHEREAS, the remainder of the property in the George N. Wade, Jr. Trust is allocated
to the Part "B" and is to be held in trust for the benefit of Betty (the "Part "B"Trust"), who is to
receive all of the income from the Part "B"Trust and, additionally, PNC is to have the right to
invade the principal of the Part"B" Trust and to use such principal for the exclusive benefit of
' The actual reference is to George N.Wade,Jr.,but presumably this is intended to refer to George N.Wade, III,
since the reference is to"Settlor's children, Beth Nelson,and George N.Wade,Jr."(emphasis added).
Betty, for maintaining the standard of living to which she has become accustomed, and "for the
maintenance, medical needs, or hospital or nursing and support" of Betty;
WHEREAS, at Betty's death, the remaining principal in the Part"B" Trust shall be
distributed to George and Beth, per stirpes;
WHEREAS, on April 6, 1995, George N. Wade, Jr., established a second trust, with
himself as Trustee (the "George N. Wade, Jr., Revocable Trust"), which paid income and
whatever other amounts requested by George N. Wade, Jr., to himself,and at the death of
George N. Wade, Jr., the remainder held in such George N. Wade, Jr., Revocable Trust was to
be distributed to PNC as trustee of the George N. Wade, Jr. Trust dated April 6, 1995, as
amended on January 17, 2001;
WHEREAS, during 2004, Betty was substituted as trustee of the George N. Wade, Jr.,
Revocable Trust because of the incapacity of George N. Wade, Jr., pursuant to the terms of the
George N. Wade, Jr., Revocable Trust agreement;
WHEREAS, it is believed that PNC checking account No. 5140066258, titled in the
name of the George N. Wade Trust, Betty G. Wade, Trustee, is governed by the George N.
Wade, Jr., Revocable Trust agreement;
WHEREAS, the date of death balance in the George N. Wade, Jr., Revocable Trust
checking account was $84,799.26;
WHEREAS, for the purpose of resolving various issues concerning the distribution of the
George N. Wade and George N. Wade, Jr. Trusts, Betty, George, Beth and PNC desire to enter
into this agreement;
NOW, THEREFORE, in consideration of the premises and the mutual promises and
covenants herein contained, and intending to be legally bound hereby, the parties hereto agree
as follows:
1. The foregoing recitals are incorporated herein and are made a part of this
Agreement.
2. Pursuant to the language of the George N. Wade Trust, the remainder of the
George N. Wade Trust following the death of George N. Wade, Jr., is correctly distributed to
George and Beth in equal shares, and neither Betty, nor the estates of George N. Wade or
George N. Wade, Jr., have any interest in said remainder.
3. In satisfaction of Betty's entitlement to the income of the Part "B" Trust, Betty
shall receive a minimum annual amount of Forty Thousand Dollars ($40,000.00) per year,
payable monthly, or such greater amount as determined to be the income of the Part"B"Trust
for the purposes of complying with federal tax law concerning "qualified terminable interest
property" under section 2056(b)(7) of the Internal Revenue Code of 1986, as amended,
commencing as of August 4, 2004. The minimum annual amount shall be increased on each
fifth year anniversary of the death of George N.Wade, Jr., based on the increase during such
period in the Consumer Price Index, All Urban Consumers, for the Northeast Region as
- 2-
published by the Bureau of Labor Statistics. In addition, it shall be understood that if Betty's bills
for her maintenance, support and healthcare in any given year exceed the distributions to her,
she may submit such bills to PNC for payment pursuant to its right to invade the principal of
Trust"B"for maintaining the standard of living to which Betty is accustomed and for her
maintenance, medical needs, hospital and nursing care and support. It is further understood
that such expenses will be paid without regard to Betty's other available resources, provided
that such expenses shall relate to Betty only and shall not include any expenses relating to
maintenance, support, healthcare or other needs of Betty's issue.
4. The date of death balance in the George N. Wade, Jr. Trust, PNC Account No.
514066258 was $84,799.26. The balance in such account as of March 4, 2005, was $70,959 or
a reduction of$13,840 from the date of death balance, which is attributable to withdrawals by
Betty. Based on a $40,000 annual income distribution from the Part "B"Trust, Betty would have
been entitled to $23,333.33 for the period beginning August 4, 2004, and ending as of March 4,
2005. Therefore, the remaining amount due Betty as an income distribution from the Part "B"
Trust as of March 4, 2005, after crediting her$13,840 withdrawal from PNC Account No.
514066258, would be $9,493.33. Betty agrees to deliver the balance in PNC Account No.
514066258 to PNC in its capacity as the trustee of the George N. Wade, Jr. Trust, with any
reduction in the balance of the account since the death of George N. Wade, Jr., to be credited
against the income distribution from the Part"B" Trust due Betty as of the date of the execution
of this Agreement, as described above as if this Agreement had been signed on March 4, 2005.
Any reduction in the balance of PNC Account No. 514066258 shall be treated as a distribution
to Betty for trust accounting purposes and for the purposes of satisfying the rules regarding the
qualification of the Part"B" Trust as "qualified terminable interest property" under section
2056(b)(7) of the Internal Revenue Code of 1986, as amended. Upon receipt of the balance in
PNC Account No. 514066258, PNC shall remit to Betty the balance of the income distribution
due her hereunder.
5. PNC shall invest the assets of the Part "B" Trust for growth using the PNC
"growth investment profile," which is currently invested 80 percent in equities and 20 percent in
fixed income investments and cash equivalents.
6. Betty, George and Beth absolutely, unconditionally and irrevocably release and
discharge PNC, and its successors and assigns, of and from any and all actions, liabilities,
claims and demands arising out of or relating in any way to the distribution of the George N.
Wade Trust to George and Beth.
7. Miscellaneous Provisions:
A. Entire Agreement. This Agreement constitutes the entire
understanding among the parties hereto concerning the subject matter hereof, and
supersedes any and all prior written agreements and any and all prior or
contemporaneous oral agreements or understandings relating to the subject matter
hereof.
B. Waivers, Amendments. This Agreement may not be amended,
modified, superseded, canceled, renewed or extended, nor may any term or
- 3-
condition hereof be waived, except by a written instrument or document signed by all
the parties hereto or, in the case of a waiver, signed by the party sought to be
charged therewith. No waiver by any party of the breach of any provision hereof
shall be deemed to constitute a waiver of any continuing or subsequent breach of
such provision or any other provision hereof. Except as otherwise provided herein,
the rights and remedies expressly granted hereunder shall be cumulative with
respect to, and shall not be deemed to exclude, any other rights and remedies to
which any party shall be entitled at law or in equity.
C. Parties in Interest. This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective heirs, successors, personal
representatives, and those who may hereafter claim through any of the parties.
D Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the Commonwealth of Pennsylvania, without regard
to choice-of-law provisions. The courts of the Commonwealth of Pennsylvania shall
have exclusive jurisdiction over any action to enforce or interpret the terms of this
Agreement.
E. Construction. References to persons or things shall be deemed to
refer to such persons or things in the singular or plural and in the masculine,
feminine or neuter gender as the context shall require.
F. Agreement Severable. This Agreement shall be deemed to be
severable, so that if any provision hereof shall be determined by a court of
competent jurisdiction to be invalid or unenforceable, the remaining provisions
hereof shall continue to remain valid and enforceable in accordance with their terms.
G. Counterparts. This Agreement may be executed in multiple
counterparts, each of which may contain the signatures of one or more of the
parties, all of which, taken together, shall constitute one and the same instrument.
IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties
hereto have executed this Family Settlement Agreement and have affixed their respective
seals hereto, as of the date first set forth above.
WITNESS:
Betty SnyderWade
George N. Wade, III
- 4-
condition hereof be waived, except by a written instrument or document signed by all
the parties hereto or, in the case,,of a waiver, signed by the party sought to be
charged therewith. No waiver 6y any party of the breach of any provision hereof
shall be deemed to constitute a waiver of any continuing or subsequent breach of
such provision or any other provision hereof. Except as otherwise provided herein,
the rights and remedies expressly granted hereunder shall be cumulative with
respect to, and shall not be deemed to exclude, any other rights and remedies to
which any party shall be entitled at law or in equity.
C. Parties in Interest. This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective heirs, successors, personal
representatives, and those who may hereafter claim through any of the parties.
D. Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the Commonwealth of Pennsylvania, without regard
to choice-of-law provisions. The courts of the Commonwealth of Pennsylvania shall
have exclusive jurisdiction over any action to enforce or interpret the terms of this
Agreement.
E. Construction. References to persons or things shall be deemed to
refer to such persons or things in the singular or plural and in the masculine,
feminine or neuter gender as the context shall require.
F. Agreement Severable. This Agreement shall be deemed to be
severable, so that if any provision hereof shall be determined by a court of
competent jurisdiction to be invalid or unenforceable, the remaining provisions
hereof shall continue to remain valid and enforceable in accordance with their terms.
G. Counterparts. This Agreement may be executed in multiple
counterparts, each of which may contain the signatures of one or more of the
parties, all of which, taken together, shall constitute one and the same instrument.
IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties
hereto have executed this Family Settlement Agreement and have affixed their respective
seals hereto, as of the date first set forth above.
WITNESS:
Betty June Snyder Wade
George N. Wade, III
- 4-
B th Owen Wade
ATTEST: PNC BANK, N.A.
By:
- 5 -
t
t I
Beth .Owen Wade
ATTEST: PNC BANK, N.A.
B
y:
- 5 -
EXHIBIT C
TRUSTEE
CALCULATIONS OF
ANNUAL AMOUNT
ADJUSTMENTS
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$ 40,000.003 j
i in 2004
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$50,469.6
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Databases ._
Change Output -- -- =-
From: i 1999 To: 2009 I.
Options: _._�=__ E -
Q include graphs More Formatting Options
Data extracted on: September 22, 2009 (10:07:32 AM)
:;;Consumer:
Price:Y ndex,-A11 ;Urban,Consumers .;.n - :
Series Id: CUUS0100SAO,CUUR0100SA0
Not Seasonally Adjusted
Area: Northeast urban
Item: All items
Base Period: 1982-84=100
Year Jan Feb Mar Apr May Jun I Jul .Au Sep Oct Nov Dec
19991171.4 1171.6 :171.9 172.8 1172.8 11173.1 173.4 .174.1 ;174.8 1175.5 :175.5 1175.5
2000 176.2 .177.6 " ;178.5 ;.178 5 178.4 179 4 ;179.8 1?9.9 ;180.7 181 2 „181.5 .181.3
20011182.2 182.8 1183.7 1184.2 f 184.6 185.3 ;185.0 185.1 :185.1 ;185.0 185.0 ;184.2
20021184.9 ;1,$6.1 187.7 187 8 :188.3 189:3 189.5 189 9 190 1 189.6
2003!190.5 :191 7 193.0- 1926 1192.7
-LL__..e 192.8 p 193.5 - 194.3 1195.0 1195.4 195.1 _____ 194.9 -
__..-_
2004'195:9 -196.8 198 6 199 4 199.9 201.1 201.0 201 0 201 2 202 5 202 5 201.9.
_...._ ..._ _._.:_ __._ _ : _ __...
2005'202.6 1203.6 ;206.0 206.9 1206.2 1206.2 1207.9.208 7 1210.8 _.1211.5 210.0 1209.0
200621L0211.6 - 212.8 214.7 215.7 216 7 217.5 218 1. ;216.3 215 2 1214.8 215.2
2007;215.813216 651;218334'219 501:220 591,221.5791221.945 221 559#221w.436 221.951:223.3561223.42!
2008;224.325;225 213;226.926 ,228 133 230.,089;232 649;234.545'233 788232.841230 837 227.236 225.09
- -__- - _ _ -- - ---------:-- -- _.- ---- ---------_............:-------------
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�20Q9,225.436€226.754x227.3093227 840#228.136 229.930j230.154 230.883E
1 Month Percent Change
Series Id: CUUS0100SA0,CUUR0100SA0
'Not Seasonally Adjusted
i
Area: Northeast urban
°Item: All items
t
'Base Period: 1982-84=100
_
Year.Jan:'FebAar Apr May Jun" Jul 'Aug Sep Oct Nov Dec'AnnualHALFI HALF2;
1999:0.1 10 1 0 2 =0.5 ,0.0 10.2 10.2 '0.4 !0.4 10.4 "0.0 10.0 i
2000.0.4 0.8 0.5 ;0.0 --0.1 '0.3 '0.4 .;0.1 .0.4 0.3 0.2 -0.1 1
200110.5 10.3 0;5 10.3 ',0.2 10.4 °-0.2:0.1 0.0 -0.10.0 0.4
2002:0.4. ;0.6 0.5 0.4 :-0.1 Al 0.3 ,0.5 :0.1 0.2 0.1 -0.3
------------ _
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet 09/22/200:
of . .• Data
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2004'.0.5 ;0.5 ! • lo. o'.3i . ! i '0.0 iO.1, ! . ! 0:
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2008:0.4 :0.4 1 1 19 0.8 1 ! 1 1 •
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http://data.bls.gov/PDQ/ser-vlet/SurveyOutputServlet 09/22/2
- US,Bureau of tabor Statistics 2 Massachusetts Avenue,NE V+lashingtan, DC 20212-0001
www.bts.gov � Telephone: (202) 691-5200.� Do you have a Data question?
or Statistics Data Page 1 of 2
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Databases t FONT SIZE:Q
Change Output
From: 2004® To: 2009
Options: -----
Elinclude graphs More Formatting Optionsy►
Data extracted on: September 24, 2009 (4:01:43 PM)
Consumer Price Index - All Urban Consumers
Series Id: CUUS0100SA0,CUUR0100SA0
Not Seasonally Adjusted
Area: Northeast urban
Item: All items
Base Period: 1982-84=100
Year Aug
2004 201.0
2005 208.7
2006 218.1
2007 221.559
2008 233.788
2009.230:883
12 Months Percent Change
Series Id: CUUS0100SAO,CUUR0100SA0
Not Seasonally Adjusted
Area: Northeast urban
Item: All items
Base Period: 1982-84=100
Year Aug
20043.4
20053.8
20064.5
20071.6
2008.5.5
2009,-1.2
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet 09/24/2005
EXHIBIT D
INVESTMENT
PERFORMANCE
INFORMATION
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EXHIBIT E
PNC BANK - FEE
INFORMATION
Irrevocable
ScheduLe of •e
SUMMARY OF SERVICES
This is a summary only;see your account agreement for the terms of your account.
As your Trustee,PNC Bank will:
> Provide investment management and administrative services
> Place trades to purchase and sell securities
> Collect and disburse income
> Process trade settlements
> Invest cash balances daily
> Prepare and file fiduciary income tax returns
> Provide statements
> Provide annual income tax information letter for each beneficiary
> Provide personal consultations
ANNUAL FEE`
> 1.40%on the first$2 million
> 1.00%on the next$3 million
> .70%on the next$5 million
> .50%on the balance
Minimum Annual Fee$7,500
Market value calculation includes accrued income from fixed income securities.Fees may be allocated between principal and income as provided for
in the instrument,by statute or as the Trustee deems appropriate.
PNC AFFILIATE-ADVISED AND SERVICED MUTUAL FUNDS AND OTHER INVESTMENTS
> PNC and its affiliates may receive compensation from mutual fund companies or other financial services providers for advisory and other services
to the fund(s).This compensation is in addition to the account-level fee and is set forth in a separate disclosure available from your PNC relationship
manager.
> Mutual fund shares are not deposits or obligations of,or guaranteed or endorsed by,any bank,and are not insured by the Federal Deposit Insurance
Corporation,the Federal Reserve Board or any other agency.An investment in mutual funds involves risks,including the possible loss of principal.
Investments in money market mutual funds are neither insured nor guaranteed by the U.S.Government,and there can be no assurance that a money
market mutual fund will be able to maintain a stable$1.00 net asset value.
> The Fee on any portion of your account invested in one or more portfolios of mutual funds advised by PNC affiliates(other than money market funds)
will be reduced by 15%.There is no reduction of the account-level fee for amounts invested in affiliated money market mutual funds.
> Any compensation for mutual fund advisory services(other than for money market funds)paid to an affiliated investment advisor in connection with
your account will be credited toward the Minimum Annual Fee Listed above.
> PNC and its affiliates refers to affiliates of The PNC Financial Services Group,Inc.which provide advisory and/or administrative,transfer agency,
custody,omnibus record keeping and other services,and receive compensation from certain mutual funds and the financial services industry in
general.The compensation earned by PNC Bank and its affiliates from mutual fund investments is calculated as a percentage of the daily amounts
invested in such mutual funds.
> You may receive a copy of a mutual fund prospectus by calling your PNC relationship manager.
ADDITIONAL INFORMATION
> Fees for certain services agreed to by PNC Bank,whether performed by PNC or its agents,in connection with Large holdings of single stocks,and
special assets,such as closely-held businesses and limited partnerships may be separately and additionally charged.
> A reasonable additional charge will be assessed for other extraordinary services.Extraordinary services are those not included in the normal course,
which are complex,time-consuming or unforeseen.
> PNC Wealth Management's standard fee schedule is subject to change from time to time,and any future increases or decreases shall be applied to
all accounts subject to these rates.
> Co-Trustee fees will be in addition to the Bank's fees and should be negotiated with the Co-Trustee(s).
The PNC Financial Services Group,Inc.("PNC")uses the names PNC Wealth Management®,PNC Institutional Investments®and Hawthorn PNC Family Wealthsm
to provide investment and wealth management,fiduciary services,FDIC-insured banking products and services and Lending of funds through its subsidiary,PNC
Bank,National Association,which is a Member FDIC,and uses the names PNC Wealth Management®and Hawthorn PNC Family Wealthsm to provide certain
fiduciary and agency services through its subsidiary,PNC Delaware Trust Company.Brokerage and advisory products and services are offered through PNC
Investments LLC,a registered broker-dealer and investment adviser and member of FINRA and SIPC.Insurance products and advice may be provided by PNC
Insurance Services,LLC,a licensed insurance agency affiliate of PNC,or by licensed insurance agencies that are not affiliated with PNC;in either case a licensed
insurance affiliate will receive compensation if you choose to purchase insurance through these programs.A decision to purchase insurance wilt not affect the
cost or availability of other products or services from PNC or its affiliates.PNC does not provide legal,tax or accounting advice.
"PNC Wealth Management"and"PNC Institutional Investments"are registered trademarks and"Hawthorn PNC Family Wealth"is a service mark of The PNC
Financial Services Group,Inc.
Investments:Not FDIC Insured.No Bank Guarantee.May Lose Value.
Insurance:Not FDIC Insured.No Bank or Federal Government Guarantee.May Lose Value.
02072 The PNC Financial Services Group,Inc. Alt rights reserved. Q
��
Effective July 2,2012
Form 126937-0712
Code ZA WEALTH MANAGEMENT
e
®o PNCBANK
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA
ORPHANS' COURT DIVISION
FIRST ACCOUNT
. FOR THE TRUST ESTABLISHED UNDER THE DEED OF
GEORGE N WADE JR, SETTLOR
DATED 04/06/95, AMENDED 01/17/01 AND i
PER FAMILY SETTLEMENT AGREEMENT DATED 04/11/2005
I
TRUST FOR BETTY WADE i
AS STATED BY PNC BANK NATIONAL ASSOCIATION
TRUSTEE
I
GEORGE N WADE JR, DATE OF DEATH: AUGUST 4 2004
DATE OF FIRST RECEIPT OF FUNDS: JUNE 13 2005
ACCOUNTING FOR THE PERIOD: JUNE 13 2005 TO
APRIL 16 2015
I
PURPOSE OF ACCOUNT: THE TRUSTEE OFFERS THIS ACCOUNT TO ACQUAINT I
INTERESTED PARTIES WITH THE TRANSACTIONS THAT HAVE OCCURRED DURING
THE ADMINISTRATION OF THE TRUST.
IT IS IMPORTANT THAT THE ACCOUNT BE CAREFULLY EXAMINED. REQUESTS FOR
ADDITIONAL INFORMATION OR QUESTIONS OR OBJECTIONS MAY BE DISCUSSED I
WITH:
PNC BANK NATIONAL ASSOCIATION I
C/O CARRIE VOGELSONG
VICE PRESIDENT I
4242 CARLISLE PIKE I
CAMP HILL PA 17011
TELEPHONE (717) 730-2276 i
DAVID M WATTS JR ESQUIRE
ATTORNEY I.D. #42232
MCNEES WALLACE & NURICK LLC
100 PINE STREET i
HARRISBURG PA T7101
TELEPHONE (717)'237-5344• i
I
rn
iT1 n`, I
} " Fi (- 7
I
CZ)
- 1 -
TRSN01 110107)
®m PNCBANK
GEORGE N WADE JR 27-27-001-3769481
I
SUMMARY AND INDEX
PRINCIPAL PAGES
RECEIPTS 3 - 3 785,418.99
NET GAIN/LOSS ON CONVERSIONS 4 - 21 117,698.06
ADJUSTED BALANCE 903,117.05
LESS DISBURSEMENTS
FEES AND COMMISSIONS 22 - 25 40,779.57-
GENERAL DISBURSEMENTS 22 - 25 18,655.62-
TOTAL PRINCIPAL DISBURSEMENTS 22 - 25 59,435.19-
BALANCE BEFORE DISTRIBUTIONS 843,681.86
DISTRIBUTIONS TO BENEFICIARIES 26 - 29 482,778.32-
PRINCIPAL BALANCE ON HAND 30 - 30 360,903.54
INVESTMENTS MADE 31 - 37
CHANGES IN HOLDINGS 38 - 42
I
INCOME
RECEIPTS 43 - 56 97,516.07
I
LESS DISBURSEMENTS 57 - 59 76,496.66-
BALANCE BEFORE DISTRIBUTIONS 21,019.41
DISTRIBUTIONS TO BENEFICIARIES .00
INCOME BALANCE ON HAND 60 - 60 21,019.41
COMBINED BALANCES REMAINING 381,922.95
VERIFICATION 61 - 61
2 -
TRSN01(10107)
I
(Do PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF PRINCIPAL
GEORGE N WADE JR
IN ACCORDANCE WITH DEED OF TRUST
DATED 04/06/05 AS AMENDED
AND FAMILY SETTLEMENT AGREEMENT
DATED 04/11/05
6/13/05 CASH 566,856.75
3/09/06 CASH 179,882.86
1
OTHER RECEIPTS
--------------
12/28/06 PINNACLE HEALTH
RE OVERPAYMENT BY INSURANCE COMPANY 10.00
I
TRANSFER FROM INCOME
8/05/05 885.35
9/02/05 321.45
10/05/05 507.33
11/04/05 58.44
12/05/05 1,184.16
1/05/06 1,911.82
2/03/06 269.05
6/07/06 1,500.00
12/26/06 51000.00
5/31/07 4,200.00
12/04/07 3,000.00
6/05/08 51000.00
12/02/08 3,000.00
6/16/09 4,000.00
12/15/09 3,200.00
6/02/11 4,631.78
38,669.38
TOTAL PRINCIPAL RECEIPTS 785,418.99
I
I
i
i
- 3 -
TRSN01 (10/07)
i
®.PNCBANK
i
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
11/21/05 CALAMOS GROWTH FUND CLASS A
FUND #606
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 994.88
ACQUISITION VALUE: .00 994.88
11/23/05 ARTISAN SMALL CAP VALUE FUND #963
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 630.18
ACQUISITION VALUE: .00 630.18
11/23/05 BARON SMALL CAP FUND #583
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 161.97
ACQUISITION VALUE: .00 161.97
12/06/05 MFS SER TR I VALUE FD CL A
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 6,041.47
ACQUISITION VALUE: .00 6,041.47
I
12/22/05 HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,239.52
ACQUISITION VALUE: .00 1,239.52
12/23/05 THIRD AVENUE INTERNATL VALUE
FUND #448
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 25.47 i
ACQUISITION VALUE: .00 25.47
I
4/26/06 2,481.371 UTS BLACKROCK FUNDS INTERNATIONAL BOND
PORTFOLIO FUND 325 (FORMERLY 17)
INSTITUTIONAL CLASS
PROCEEDS: 26,947.69
ACQUISITION VALUE: 27.999.98 1,052.29-
4/26/06 5,252.922 UTS DWS SHORT TERM MUNI BOND INV
PROCEEDS: 53,947.51
ACQUISITION VALUE: 54 000.00 52.49-
4 -
TRSN01 110/071
®.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
11/20/06 CALAMOS GROWTH FUND CLASS A
FUND #606
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,184.13
ACQUISITION VALUE: .00 1,184.13
11/21/06 BARON SMALL CAP FUND #583
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 978.15
ACQUISITION VALUE: .00 978.15
12/08/06 BLACKROCK FUNDS INTL OPPORTUNITIES
PORTFOLIO FUND 334
INSTITUTIONAL SHARES
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,861.38
ACQUISITION VALUE: .00 1,861.38
12/08/06 MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION i
PROCEEDS: 5,992.87
i
ACQUISITION VALUE: .00 5,992.87 i
12/20/06 T ROWE PRICE GROWTH STOCK
FUND #40 i
CAPITAL GAIN DISTRIBUTION j
PROCEEDS: 4,518.97 i
ACQUISITION VALUE: .00 4,518.97 i
12/21/06 ARTISAN FUNDS INC INTL FD #661 i
INV CLASS i
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 6,375.75
ACQUISITION VALUE: .00 6,375.75 i
12/21/06 ARTISAN SMALL CAP VALUE FUND #963
CAPITAL GAIN DISTRIBUTION
I
PROCEEDS: 1,033.97 i
ACQUISITION VALUE: .00 1,033.97
12/21/06 HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,962.01
ACQUISITION VALUE: .00 1,962.01
5 -
TRSN01 (10107)
®.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
12/21/06 THIRD AVENUE INTERNATL VALUE
FUND #448
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 665.02
ACQUISITION VALUE: .00 665.02
3/07/07 372.995 UTS MFS VALUE FUND CLASS I j
PROCEEDS: 10,000.00
ACQUISITION VALUE: 8,993.18 1,006.82
3/07/07 319.183 UTS T ROWE PRICE GROWTH STOCK
FUND #40 i
PROCEEDS: 10,000.00
ACQUISITION VALUE: 8,721.15 1,278.85
I
6/07/07 634.317 UTS ARTISAN FUNDS INC INTL FD #661 i
INV CLASS
PROCEEDS: 20,000.00
i
ACQUISITION VALUE: 14,219.12 5,780.88
6/07/07 623.938 UTS CALAMOS GROWTH FUND CLASS A
FUND #606
PROCEEDS: 37,380.13
ACQUISITION VALUE: 32,179.01 5,201.12
6/07/07 144.488 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
PROCEEDS: 10,000.00
ACQUISITION VALUE: 6,355.14 3,644.86
12/07/07 BLACKROCK FUNDS INTL OPPORTUNITIES
PORTFOLIO FUND 334
INSTITUTIONAL SHARES
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 2,636.25
ACQUISITION VALUE: .00 2,636.25
12/12/07 MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 14,326.61
ACQUISITION VALUE: .00 14,326.61
i
1
6
I
TRSN01 110107)
i
PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
I
12/19/07 T ROWE PRICE GROWTH STOCK
FUND #40 j
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 7,829.05
ACQUISITION VALUE: .00 7,829.05
12/20/07 ARTISAN FUNDS INC INTL FD #661
INV CLASS
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 10,400.42
ACQUISITION VALUE: .00 10,400.42
12/20/07 ARTISAN SMALL CAP VALUE FUND #963
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,474.16
ACQUISITION VALUE: .00 1,474.16
12/20/07 BARON SMALL CAP FUND #583
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 605.35
ACQUISITION VALUE: .00 605.35
12/21/07 HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 3,226.96
ACQUISITION VALUE: .00 3,226.96
12/21/07 THIRD AVENUE INTERNATL VALUE
FUND #448 j
PROCEEDS: 1,262.74
ACQUISITION VALUE: .00 1,262.74 j
1/24/08 1,170.503 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS j
PROCEEDS: 30,000.00 j
ACQUISITION VALUE: 27,256.33 2,743.67 J
1/31/08 832.073 UTS ARTISAN FUNDS INC INTL FD #661 j
INV CLASS
PROCEEDS: 22,000.00
ACQUISITION VALUE: 19,375.66 2,624.34
i
7 -
TRSN01 (10107)
i
i
PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
2/07/08 3,741.153 UTS SCHRODER SHORT TERM MUNI BD FD INV
#1014
PROCEEDS: 36,513.65
ACQUISITION VALUE: 37,000.00 486.35-
3/24/08 410.004 UTS MFS VALUE FUND CLASS I
PROCEEDS: 10,000.00
ACQUISITION VALUE: 9,983.00 17.00
3/24/08 342.818 UTS T ROWE PRICE GROWTH STOCK
FUND #40
PROCEEDS: 10,000.00
ACQUISITION VALUE: 9,505.24 494.76
3/26/08 15 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF
PROCEEDS: 1,896.64
ACQUISITION VALUE: 1,826.70 69.94
3/26/08 25 UTS ISHARES RUSSELL MIDCAP GROWTH
INDEX FUND ETF
PROCEEDS: 2,459.84
ACQUISITION VALUE: 2,906.63 446.79-
8/20/08 481.776 UTS THIRD AVENUE INTERNATL VALUE
FUND #448
PROCEEDS: 8,016.75
ACQUISITION VALUE: 9,953.23 1,936.48-
12/15/08 T ROWE PRICE GROWTH STOCK
FUND #40
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 593.60
ACQUISITION VALUE: .00 593.60
12/18/08 ARTISAN FUNDS INC INTL FD #661
INV CLASS
CAPITAL GAIN DISTRIBUTION
I
PROCEEDS: 481.80
ACQUISITION VALUE: .00 481.80
12/18/08 ARTISAN SMALL CAP VALUE FUND #963
CAPITAL GAIN DISTRIBUTION I
PROCEEDS: 186.17
ACQUISITION VALUE: .00 186.17
I
i
8 -
TRSN01 (10107)
®o PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
�! OSS
12/26/08 4,748.338 UTS T ROWE PRICE SUMMIT MUN INC
FD #84
PROCEEDS: 45,394.11
ACQUISITION VALUE: 50,000.00 4,605.89-
3/05/09 715.967 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
PROCEEDS: 8,720.48
ACQUISITION VALUE: 16.406.86 7,686.38-
3/05/09 211.193 UTS BLACKROCK FUNDS INTL OPPORTUNITIES
PORTFOLIO FUND 334
INSTITUTIONAL SHARES
PROCEEDS: 4,000.00
ACQUISITION VALUE: 8,662.54 4,662.54-
3/05/09 480.154 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
i
PROCEEDS: 15,000.00
ACQUISITION VALUE: 23.293.52 8,293.52-
4/30/09 952.381 UTS T ROWE PRICE GROWTH STOCK f
FUND #40
I
PROCEEDS: 20,000.00
ACQUISITION VALUE: 26.373.80 6,373.80-
4/30/09 3,445.065 UTS T ROWE PRICE SUMMIT MUNICIPAL
INTERMEDIATE FD #83
I
PROCEEDS: 37,447.86
ACQUISITION VALUE: 37.000.00 447.86 i
5/29/09 BARON SMALL CAP FUND #583 f
CAPITAL GAIN DISTRIBUTION
PROCEEDS: .39
ACQUISITION VALUE: .00 .39
11/10/09 215.4 UTS BLACKROCK FUNDS INTL OPPORTUNITIES
PORTFOLIO FUND 334
INSTITUTIONAL SHARES
PROCEEDS: 6,925.11
ACQUISITION VALUE: 8,835.09 11909.98-
11/10/09 779.348 UTS MFS VALUE FUND CLASS I
E
PROCEEDS: 16,000.00
ACQUISITION VALUE: 18,976.00 2,976.00-
i
9
TRSN01 (10/07)
i
®e PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
11/10/09 1,537.884 UTS T ROWE PRICE GROWTH STOCK
FUND #40
PROCEEDS: 41,000.00
ACQUISITION VALUE: 42,587.84 1,587.84- '
12/10/09 PIMCO FDS TOTAL RETURN BD FUND
INSTL CLASS FD #35
CAPITAL GAIN DISTRIBUTION i
PROCEEDS: 435.10
ACQUISITION VALUE: .00 435.10 i
1/11/10 469.263 UTS MFS VALUE FUND CLASS I
PROCEEDS: 10,000.00
ACQUISITION VALUE: 11,425.88 1,425.88-
1/11/10 535.141 UTS T ROWE PRICE GROWTH STOCK
FUND #40
PROCEEDS: 15,000.00
ACQUISITION VALUE: 14,819.39 180.61
2/08/10 500 UTS ISHARES RUSSELL MIDCAP GROWTH
INDEX FUND ETF
PROCEEDS: 22,371.06
ACQUISITION VALUE: 25,521.37 3,150.31-
2/26/10 BLACKROCK LIQUIDITY FUNDS
TEMPFUND
ADMINISTRATION SHARES #Hl
CAPITAL GAIN DISTRIBUTION
PROCEEDS: .05
ACQUISITION VALUE: .00 .05
4/08/10 960.615 UTS VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
PROCEEDS: 10,000.00
ACQUISITION VALUE: 9,769.45 230.55
6/09/10 980.392 UTS T ROWE PRICE INTL FD INC INTL BOND
FUND #76
PROCEEDS: 8,921.57 r
ACQUISITION VALUE: 10,000.00 1,078.43-
6/23/10 3,639.941 UTS MFS VALUE FUND CLASS I
PROCEEDS: 74,000.00
ACQUISITION VALUE: 88,627.30 14,627.30-
1
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C
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t
I
THSNO)(10/07)
1
i
®o PNCBANK
GEORGE N WADE JR 27-27-001-3769481 '
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
I
GAIN LOSS
7/13/10 565.611 UTS T ROWE PRICE GROWTH STOCK
FUND #40
PROCEEDS: 15,000.00
ACQUISITION VALUE: 15,663.18 663.18-
7/15/10 100 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF
PROCEEDS: 3,785.93
ACQUISITION VALUE: 3,743.24 42.69
12/09/10 GOLDMAN SACHS GROWTH OPPOR INSTIT
CLASS FD #1132
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 177.63
ACQUISITION VALUE: .00 177.63 i
12/09/10 PIMCO FDS TOTAL RETURN BD FUND
INSTL CLASS FD #35
CAPITAL GAIN DISTRIBUTION
i
PROCEEDS: 2,134.14 j
ACQUISITION VALUE: .00 2,134.14
12/16/10 167.392 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
PROCEEDS: 10,000.00
ACQUISITION VALUE: 7,891.40 2,108.60
12/16/10 888.494 UTS MFS VALUE FUND CLASS I t
I
PROCEEDS: 20,000.00 j
ACQUISITION VALUE: 21,633.54 1,633.54-
12/16/10 313.676 UTS T ROWE PRICE GROWTH STOCK
FUND #40
I
PROCEEDS: 10,000.00
ACQUISITION VALUE: 8,686.47 1,313.53
12/16/10 948.767 UTS VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
I
PROCEEDS: 10,000.00
ACQUISITION VALUE: 9,648.96 351.04
I
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I
i
TRS N01(10/07)
®e PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
12/28/10 VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
CAPITAL GAIN DISTRIBUTION j
PROCEEDS: 48.90
ACQUISITION VALUE: .00 48.90
12/28/10 BLACKROCK LIQUIDITY FUNDS
TEMPFUND
ADMINISTRATION SHARES #H1
CAPITAL GAIN DISTRIBUTION
PROCEEDS: .41
ACQUISITION VALUE: .00 .41
2/17/11 432.776 UTS T ROWE PRICE GROWTH STOCK
FUND #40
I
PROCEEDS: 15,000.00
ACQUISITION VALUE: 11,984.65 3,015.35
9/08/11 227.169 UTS T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND
I
PROCEEDS: 5,000.00
ACQUISITION VALUE: 4,898.42 101.58
10/07/11 166.722 UTS T ROWE PRICE GROWTH STOCK
FUND #40 P
I
PROCEEDS: 51000.00 j
ACQUISITION VALUE: 4,616.95 383.05
10/07/11 456.204 UTS VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
PROCEEDS: 5,000.00
ACQUISITION VALUE: 4,640.36 359.64
11/30/11 BARON SMALL CAP FUND #583
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 177.20
ACQUISITION VALUE: .00 177.20
12/08/11 GOLDMAN SACHS GROWTH OPPOR INSTIT
CLASS FD #1132
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,146.54
ACQUISITION VALUE: .00 1,146.54
I
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i
TRSN01(10107)
f
e.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS I
GAIN LOSS j
12/08/11 PIMCO COMMODITY REAL RETURN
STRATEGY FUND INSTITUTIONAL CLASS
FUND #045
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 387.38
ACQUISITION VALUE: .00 387.38
I
12/16/11 ARTISAN SMALL CAP VALUE FUND #963
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 813.49
ACQUISITION VALUE: .00 813.49 i
12/23/11 VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
CAPITAL GAIN DISTRIBUTION
i
PROCEEDS: 30.04
ACQUISITION VALUE: .00 30.04
1/09/12 75.605 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
PROCEEDS: 1,500.00
ACQUISITION VALUE: 1,578.63 78.63-
1/09/12 28.393 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
PROCEEDS: 1,500.00
ACQUISITION VALUE: 1,338.54 161.46
1/09/12 225.225 UTS PIMCO COMMODITY REAL RETURN i
STRATEGY FUND INSTITUTIONAL CLASS
FUND #045
PROCEEDS: 1,500.00
ACQUISITION VALUE: 2,088.48 588.48-
1/09/12 46.311 UTS T ROWE PRICE GROWTH STOCK
FUND #40
PROCEEDS: 1,500.00
ACQUISITION VALUE: 1,282.47 217.53
1/09/12 63.939 UTS T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND
PROCEEDS: 11500.00
ACQUISITION VALUE: 1,378.71 121.29
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f
TRSN01(10707)
I
I
I
t
I
®.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
1/31/12 BLACKROCK LIQUIDITY FUNDS
TEMPFUND
ADMINISTRATION SHARES #H1
CAPITAL GAIN DISTRIBUTION
PROCEEDS: .14
ACQUISITION VALUE: .00 .14
3/07/12 172.741 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
PROCEEDS: 10,000.00
ACQUISITION VALUE: 8,143.56 1,856.44
4/03/12 VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 5.92
ACQUISITION VALUE: .00 5.92
5/09/12 90.416 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
PROCEEDS: 21000.00
ACQUISITION VALUE: 1,887.89 112.11
5/09/12 34.861 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
PROCEEDS: 21000.00
ACQUISITION VALUE: 1,643.46 356.54
5/09/12 80.808 UTS T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND
PROCEEDS: 21000.00
ACQUISITION VALUE: 1,742.46 257.54
6/07/12 234.801 UTS T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND
PROCEEDS: 5,600.00
ACQUISITION VALUE: 5,062.99 537.01
6/07/12 126.468 UTS VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
PROCEEDS: 1,400.00
ACQUISITION VALUE: 1,286.94 113.06
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TRS N01(10/07) i
k
PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
6/26/12 BARON SMALL CAP FUND INSTITUTIONAL
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 5.12
ACQUISITION VALUE: .00 5.12
8/08/12 130.833 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
PROCEEDS: 3,000.00
ACQUISITION VALUE: 2,731.79 268.21
8/08/12 51.912 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
PROCEEDS: 3,000.00
ACQUISITION VALUE: 2,447.30 552.70
9/07/12 43.178 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
PROCEEDS: 11000.00 f
ACQUISITION VALUE: 901.56 98.44
I
10/09/12 191.644 UTS MFS VALUE FUND CLASS I
PROCEEDS: 5,000.00
ACQUISITION VALUE: 4,666.25 333.75 i
11/07/12 105.086 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS i
PROCEEDS: 2,500.00
ACQUISITION VALUE: 2,194.20 305.80
11/07/12 163.720 UTS ARTISAN SMALL CAP VALUE FUND #963
PROCEEDS: 2,500.00
ACQUISITION VALUE: 2,765.24 265.24-
11/07/12 73.099 UTS PIMCO COMMODITY REAL RETURN
STRATEGY FUND INSTITUTIONAL CLASS
FUND #045
PROCEEDS: 500.00 i
ACQUISITION VALUE: 677.84 177.84- i
11/30/12 BARON SMALL CAP FUND INSTITUTIONAL i
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 315.54 i
ACQUISITION VALUE: .00 315.54 i
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THSN01(10107)
®o PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
12/06/12 GOLDMAN SACHS GROWTH OPPOR INSTIT
CLASS FD #1132
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,442.18
ACQUISITION VALUE: .00 1,442.18
12/07/12 16.236 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
PROCEEDS: 11000.00
ACQUISITION VALUE: 765.42 234.58
12/07/12 78.339 UTS MFS VALUE FUND CLASS I
PROCEEDS: 2,000.00
ACQUISITION VALUE: 1,907.44 92.56
12/07/12 76.394 UTS T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND
PROCEEDS: 2,000.00
ACQUISITION VALUE: 1,647.28 352.72
I
12/12/12 MFS VALUE FUND CLASS I j
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 456.66
ACQUISITION VALUE: .00 456.66
12/13/12 PIMCO COMMODITY REAL RETURN
STRATEGY FUND INSTITUTIONAL CLASS
FUND #045
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 131.82
ACQUISITION VALUE: .00 131.82
12/14/12 PIMCO FDS TOTAL RETURN BD FUND
INSTL CLASS FD #35
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,115.65
ACQUISITION VALUE: .00 1,115.65
12/20/12 ARTISAN SMALL CAP VALUE FUND #963
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 178.71
ACQUISITION VALUE: .00 178.71
- 16 -
TRSNUI 110/07!
B PNCBANK
i
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS k
GAIN LOSS
12/20/12 BLACKROCK LIQUIDITY FUNDS
TEMPFUND
ADMINISTRATION SHARES #H1
CAPITAL GAIN DISTRIBUTION
PROCEEDS: .12
ACQUISITION VALUE: .00 .12
12/26/12 VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 26.08
ACQUISITION VALUE: .00 26.08
12/31/12 PIMCO COMMODITY REAL RETURN
STRATEGY FUND INSTITUTIONAL CLASS
FUND #045
CAPITAL GAIN DISTRIBUTION i
PROCEEDS: .02
ACQUISITION VALUE: .00 .02
i
2/07/13 177.809 UTS T ROWE PRICE EQUITY INCOME FUND SH j
BEN INT FUND
PROCEEDS: 51000.00
ACQUISITION VALUE: 3.834.08 1,165.92
2/19/13 176.305 UTS T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND
PROCEEDS: 51000.00
ACQUISITION VALUE: 3.801.65 1,198.35
3/28/13 MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 9.76
ACQUISITION VALUE: .00 9.76
4/02/13 764.526 UTS PIMCO COMMODITY REAL RETURN
STRATEGY FUND INSTITUTIONAL CLASS
FUND #045
PROCEEDS: 51000.00
ACQUISITION VALUE: 7,089.34 2,089.34-
4/02/13 VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 8.39
ACQUISITION VALUE: .00 8.39
- 17 -
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TRSN01 (10107) 1
I
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I
®e PNCBANK
GEORGE N WADE JR 27-27-001-3769481 '
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
i
GAIN LOSS
4/29/13 75.415 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
PROCEEDS: 2,000.00
ACQUISITION VALUE: 1,574.67 425.33
4/29/13 30.989 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
PROCEEDS: 2,000.00
ACQUISITION VALUE: 1,460.92 539.08
5/29/13 1,135.758 UTS PIMCO COMMODITY REAL RETURN
STRATEGY FUND INSTITUTIONAL CLASS
FUND #045
PROCEEDS: 7,030.34
ACQUISITION VALUE: _10,531.72 3,501.38-
7/09/13 163.827 UTS T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND
PROCEEDS: 5,000.00
ACQUISITION VALUE: 3,532.59 1,467.41
8/07/13 465.717 UTS VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
PROCEEDS: 4,959.89
ACQUISITION VALUE: 4,739.15 220.74
10/02/13 50.000 UTS ISHARES TIPS BOND ETF
PROCEEDS: 5,623.40
ACQUISITION VALUE: 5,131.75 491.65
11/07/13 84.89 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
PROCEEDS: 2,500.00
ACQUISITION VALUE: 1,772.50 727.50
I
11/26/13 ARTISAN SMALL CAP VALUE FUND #963
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 325.94
ACQUISITION VALUE: .00 325.94
11/29/13 BARON SMALL CAP FUND INSTITUTIONAL
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 505.93
ACQUISITION VALUE: .00 505.93
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TRSNOI(10107)
(
I
®e PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
12/02/13 50.000 UTS ISHARES TIPS BOND ETF
PROCEEDS: 5,597.90
ACQUISITION VALUE: 5.131.75 466.15
12/11/13 GOLDMAN SACHS GROWTH OPPOR INSTIT
CLASS FD #1132
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,915.98
ACQUISITION VALUE: .00 11915.98
12/13/13 MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,435.10
ACQUISITION VALUE: .00 1,435.10
12/16/13 PIMCO FDS TOTAL RETURN BD FUND
INSTL CLASS FD #35
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 296.77
ACQUISITION VALUE: .00 296.77 I
12/17/13 T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND
CAPITAL GAIN DISTRIBUTION
I
PROCEEDS: 2,487.45
ACQUISITION VALUE: .00 2,487.45 I
2/26/14 132.275 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
PROCEEDS: 4,000.00
ACQUISITION VALUE: 2.761.90 11238.10
3/31/14 133.914 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
PROCEEDS: 4,000.00
ACQUISITION VALUE: 2,796.13 1,203.87
I
4/09/14 101.215 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
PROCEEDS: 3,000.00
ACQUISITION VALUE: 2,113.37 886.63
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- 19 -
I
TPSN01(101071
®m PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN LOSS
5/07/14 98.951 UTS T ROWE PRICE GROWTH STOCK
FUND #40
PROCEEDS: 5,000.00
ACQUISITION VALUE: 2,740.20 2,259.80
6/09/14 93.318 UTS T ROWE PRICE GROWTH STOCK
FUND #40 f
PROCEEDS: 5,000.00
ACQUISITION VALUE: 2,584.21 2,415.79
7/29/14 91.659 UTS T ROWE PRICE GROWTH STOCK
FUND #40
PROCEEDS: 5,000.00
ACQUISITION VALUE: 2,538.27 2,461.73
9/23/14 . 327.511 UTS T ROWE PRICE GROWTH STOCK
FUND #40
PROCEEDS: 18,000.00
ACQUISITION VALUE: 9,069.60 8,930.40
11/21/14 ARTISAN SMALL CAP VALUE FUND #963
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 1,600.23
ACQUISITION VALUE: .00 1,600.23 f
12/04/14 BARON SMALL CAP FUND INSTITUTIONAL
CAPITAL GAIN DISTRIBUTION
i
PROCEEDS: 801.49
ACQUISITION VALUE: .00 801.49 j
12/09/14 GOLDMAN SACHS GROWTH OPPOR INSTIT
CLASS FD #1132
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 5,389.87
ACQUISITION VALUE: .00 5,389.87
12/12/14 PIMCO FDS TOTAL RETURN BD FUND
INSTL CLASS FD #35
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 349.50
ACQUISITION VALUE: .00 349.50
- 20 -
TRSN01 (10107)
®.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN BOSS
12/15/14 MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 2,275.35
ACQUISITION VALUE: .00 2,275.35
12/15/14 T ROWE PRICE GROWTH STOCK
FUND #40
PROCEEDS: 5,209.00
ACQUISITION VALUE: .00 5,209.00
I
12/17/14 T ROWE PRICE GROWTH STOCK
FUND #40
CAPITAL GAIN DISTRIBUTION
PROCEEDS: 17,252.19
ACQUISITION VALUE: .00 17,252.19
TOTAL GAINS AND LOSSES 189,047.96 71,349.90-
LESS LOSS 71,349.90-
NET GAIN 117,698.06
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7HSN01(10107)
(D.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
DISBURSEMENTS OF PRINCIPAL
I
TRANSFER TO INCOME
TO COVER OVERDRAFT
9/08/05 250.66-
1/12/06 37.00- j
2/13/06 260.56-
3/07/06 18.88-
567.10- '
TRUSTEE'S COMPENSATION
PNC BANK NATIONAL ASSOCIATION
COMPENSATION BASED ON PRINCIPAL i
MARKET VALUE
7/06/05 265.08- `
8/03/05 273.29-
9/07/05 272.96-
10/05/05 273.19-
11/03/05 268.05-
12/05/05 276.16-
1/05/06 275.34-
2/06/06 285.38-
3/03/06 285.57-
4/05/06 368.98-
5/03/06 365.29-
5/25/06 612.02-
6/07/06 352.66-
7/06/06 348.06-
8/03/06 345.84-
9/06/06 357.09-
10/04/06 359.94-
11/03/06 366.82-
12/05/06 374.84-
1/04/07 380.72-
2/05/07 386.54-
3/05/07 377.24-
4/04/07 382.94-
5/03/07 394.61-
6/05/07 405.94-
7/05/07 399.34-
8/03/07 390.42-
9/06/07 389.25-
10/04/07 407.64-
11/05/07 404.48-
12/05/07 398.08-
1/04/08 393.35-
2/05/08 369.38- t
3/05/08 357.12-
4/03/08 362.69-
5/05/08 364.37-
6/04/08 367.27-
7/03/08 341.39- i
8/05/08 330.48-
9/04/08 330.68-
10/03/08 319.63- C
11/05/08 267.70-
12/03/08 232.29-
1/06/09 255.08-
2/04/09 239.34-
3/04/09 220.64-
- 22 -
i
TRSN01 110107)
®o PNCBANK
GEORGE N WADE JR 27-27-001-3769481
DISBURSEMENTS OF PRINCIPAL
CONTINUED: TRUSTEE'S COMPENSATION
4/03/09 234.14-
5/05/09 248.47-
5/26/09 389.11-
6/03/09 264.51-
7/03/09 258.56-
8/05/09 271.40-
9/03/09 271.32-
10/05/09 278.54-
11/04/09 278.12-
12/03/09 291 .08-
1/06/10 290.85-
2/03/10 282.12-
3/03/10 284.31-
4/05/10 311.03-
5/05/10 310.53-
5/25/10 412.50-
6/03/10 283.99-
7/06/10 275.49-
8/04/10 280.46-
9/03/10 275.29-
10/05/10 289.38-
11/03/10 296.17-
12/03/10 297.20-
1/05/11 304.30-
2/03/11 310.85-
3/03/11 309.19-
4/05/11 313.58-
5/04/11 319.08-
5/25/11 417.56- {
6/03/11 306.94-
7/06/11 308.99-
8/03/11 298.83-
9/06/11 279.83-
10/05/11 257.60-
11/03/11 274.57-
12/05/11 275.71-
1/05/12 273.64-
2/03/12 286.97-
3/05/12 296.06-
4/04/12 298.21-
5/03/12 296.79- i
5/25/12 528.90-
6/05/12 270.39-
7/06/12 281.52-
8/03/12 281 .21-
9/06/12 283.29-
10/03/12 287.74-
11/05/12 283.69-
12/05/12 283.17-
1/04/13 284.04-
2/05/13 295.03-
3/05/13 339.98-
4/03/13 343.34-
5/03/13 344.94-
5/28/13 435.16-
23 -
t
TRSN01 (10/07)
®.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
DISBURSEMENTS OF PRINCIPAL
CONTINUED: TRUSTEE'S COMPENSATION
6/05/13 348.84-
7/03/13 342.46-
8/05/13 357.41-
9/05/13 343.53-
10/03/13 359.26-
11/05/13 364.86-
12/04/13 369.46- I
1/06/14 373.15- !
2/05/14 361.16-
3/05/14 374.65-
4/03/14 370.70-
5/05/14 363.38-
6/04/14 368.46-
7/07/14 375.72-
8/05/14 362.99-
9/04/14 372.31- i
10/03/14 354.64-
11/05/14 363.75-
12/03/14 364.63-
1/07/15 361.89-
2/05/15 354.56-
3/04/15 368.61-
4/10/15 362.31-
40,779.57-
INTERNAL REVENUE SERVICE
FIDUCIARY INCOME TAX ON
CAPITAL GAINS
BALANCE AND INSTALLMENT PAYMENTS
1/10/06 69.00-
4/11/06 1,047.00-
4/10/07 2,969.00-
9/11/07 2,198.00-
12/04/07 28.00
4/09/08 5,398.00-
4/09/08 883.00-
5/14/09 883.00
4/08/15 1,250.00-
12,903.00- '
PENNA DEPARTMENT OF REVENUE
FIDUCIARY INCOME TAX ON
CAPITAL GAINS
BALANCE AND INSTALLMENT PAYMENTS
1/10/06 50.00-
4/11/06 231.00-
1/09/07 326.00-
4/10/07 249.00-
4/10/07 179.00-
6/11/07 33.00-
9/11/07 443.00-
4/09/08 1,216.00-
4/09/08 214.00-
5/20/09 116.48
4/11/11 65.00-
4/11/11 19.00-
6/09/11 19.00-
24 -
TRSN01(10107)
i
PNCBANK
GEORGE N WADE JR 27-27-001-3769481 !
DISBURSEMENTS OF PRINCIPAL
CONTINUED: PENNA DEPARTMENT OF REVENUE
I
9/09/11 19.00- i
1/10/12 19.00- j
4/11/12 104.00-
6/11/12 87.00-
9/11/12 3.00-
1/09/13 33.00-
4/09/13 136.00-
4/09/13 65.00-
1/09/14 4.00-
4/08/14 165.00- i
4/08/14 53.00-
6/09/14 77.00-
9/09/14 65.00-
1/09/15 65.00-
4/08/15 1,363.00-
5,185.52- I
TOTAL PRINCIPAL DISBURSEMENTS 59,435.19- !
�I
I
I
I
25 -
i
TRSN01(10107)
I
!
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!
l
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i
®o PNCBANK
GEORGE N WADE JR 27-27-001-3769481
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
BETTY G WADE
CASH DISTRIBUTED
7/05/05 3,333.33-
8/05/05 3,333.33-
9/06/05 3,333.33-
10/05/05 3,333.33-
11/07/05 3,333.33-
12/05/05 3,333.33-
1/05/06 3,333.33-
2/06/06 3,333.33-
3/06/06 3,333.33-
4/05/06 3,333.33-
5/05/06 3,333.33-
6/05/06 3,333.33-
7/05/06 3,333.33-
8/07/06 3,333.33-
9/05/06 3,333.33-
10/05/06 3,333.33-
11/06/06 3,333.33-
12/05/06 3,333.33-
1/05/07 3,333.33-
2/05/07 3,333.33-
3/05/07 3,333.33-
4/05/07 3,333.33-
5/07/07 3,333.33-
6/05/07 3,333.33-
7/05/07 3,333.33-
8/06/07 3,333.33-
9/05/07 3,333.33-
10/05/07 3,333.33-
11/05/07 3,333.33-
12/05/07 3,333.33-
1/07/08 3,333.33-
2/05/08 3,333.33-
3/05/08 3,333.33-
4/07/08 3,333.33- j
5/05/08 3,333.33-
6/05/08 3,333.33-
7/07/08 3,333.33-
8/05/08 3,333.33- I
9/05/08 3,333.33-
10/06/08 3,333.33- j
11/05/08 3,333.33- i
12/05/08 3,333.33-
1/05/09 3,333.33-
2/05/09 3,333.33-
3/05/09 3,333.33-
4/06/09 3,333.33- j
5/05/09 3,333.33-
6/05/09 3,333.33- I
7/06/09 3,333.33-
8/05/09 3,333.33- I
9/08/09 3,333.33-
9/25/09 495.75-
10/05/09 3,829.08-
11/05/09 3,829.08- f
12/07/09 3,829.08-
26 -
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f
i
TRSN01 110107)
B PNCBANK
GEORGE N WADE JR 27-27-001-3769481
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
CONTINUED: BETTY G WADE
1/05/10 3,829.08-
2/05/10 3,829.08-
3/05/10 3,829.08-
4/05/10 3,829.08-
5/05/10 3,829.08-
6/07/10 3,829.08-
7/06/10 3,829.08-
8/05/10 3,829.08-
9/07/10 3,829.08-
10/05/10 3,829.08-
11/05/10 3,829.08-
12/06/10 3,829.08-
1/05/11 3,829.08-
2/07/11 3,829.08-
3/07/11 3,829.08-
4/05/11 3,829.08-
5/05/11 3,829.08-
6/06/11 3,829.08-
7/05/11 3,829.08-
8/05/11 3,829.08-
9/06/11 3,829.08-
10/05/11 3,829.08-
11/07/11 3,829.08-
12/05/11 3,829.08-
1/05/12 3,829.08-
2/06/12 3,829.08-
3/05/12 3,829.08-
4/05/12 3,829.08-
5/07/12 3,829.08-
6/05/12 3,829.08-
7/05/12 3,829.08- j
8/06/12 3,829.08-
9/05/12 3,829.08-
10/05/12 3,829.08-
11/05/12 3,829.08-
12/05/12 3,829.08-
1/07/13 3,829.08-
2/05/13 3,829.08-
3/05/13 3,829.08-
4/05/13 3,829.08-
5/06/13 3,829.08-
6/05/13 3,829.08-
7/05/13 3,829.08-
8/05/13 3,829.08-
9/05/13 3,829.08-
10/07/13 3,829.08-
11/05/13 3,829.08-
12/05/13 3,829.08-
1/06/14 3,829.08-
2/05/14 3,829.08-
3/05/14 3,829.08-
4/07/14 3,829.08- j
5/05/14 3,829.08-
6/05/14 3,829.08-
7/07/14 3,829.08-
8/05/14 3,829.08-
- 27 -
TRSN01(10107)
®o PNCBANK
GEORGE N WADE JR 27-27-001-3769481
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
CONTINUED: BETTY G WADE
I
8/11/14 375.81- 1
9/05/14 4,204.89- j
10/06/14 4,204.89-
11/05/14 4,204.89-
12/05/14 4,204.89-
1/05/15 4,204.89-
2/05/15 4,204.89-
3/05/15 4,204.89- I
4/06/15 4,204.89-
430,426.23-
430,426.23-
I
FOR ACCOUNT OF BETTY G WADE j
5/23/06
LENKER'S EXCAVATING
HOME REPAIRS
10 TEAL RD MECHANICSBURG PA 8,895.00- I
4/10/08
DEPALMA CONSTRUCTION INC
REPLACEMENT OF ROOF
10 TEAL RD MECHANICSBURG PA 5,100.00-
DEPALMA CONSTRUCTION INC
REPLACEMENT OF ROOF
10 TEAL RD MECHANICSBURG PA 51100.00-
4/29/09
J W MUMPER CONSTRUCTION INC
LABOR AND MATERIALS TO REPLACE
SKYLIGHT AND SIDING
10 TEAL RD MECHANICSBURG PA 979.56- I
I
12/17/09 j
J W MUMPER CONSTRUCTION INC
MAINTENANCE REPAIR WORK
10 TEAL RD MECHANICSBURG PA 295.37-
HEMPT/10 BROS INC
BITUMINOUS PAVING
10 TEAL RD MECHANICSBURG PA 15,146.02-
1/20/12
REIMBURSEMENT FOR PLUMBING CHARGES
10 TEAL RD MECHANICSBURG PA 1,768.14-
8/08/12
SUPERIOR PLUS ENERGY SERVICES
INSTALL NEW AIR CONDITIONING UNIT
10 TEAL RD MECHANICSBURG PA 5,800.00-
28 -
TRSN01 (10107)
i
PNCBANK
GEORGE N WADE JR 27-27-001-3769481
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
I
CONTINUED: FOR ACCOUNT OF BETTY G WADE
9/13/12
J W MUMPER CONSTRUCTION INC
REPAIRS TO ROOF & DRYWALL
10 TEAL RD MECHANICSBURG PA 610.00-
2/25/13
DUNCAN-NULPH HEARING ASSOCIATES
HEARING AID PURCHASE 4,663.00-
9/25/14
EFFICIENT MECHANICAL SYSTEMS
INSTALLATION OF BYRANT OIL FURNACE
10 TEAL RD MECHANICSBURG PA 3,995.00-
52,352.09-
TOTAL PRINCIPAL DISTRIBUTIONS 482,778.32-
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TRSN01 (10107)
1
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B PNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL BALANCE ON HAND !
VALUE ACQUISITION
4/16/15 VALUE
I
I
FUNDS
463.954 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS 14,753.74 9,687.36
495.719 UTS ARTISAN SMALL CAP VALUE FUND #963 7,068.95 8,372.73
393.932 UTS BARON SMALL CAP FUND INSTITUTIONA 14,272.16 8,928.18
874.795 UTS GOLDMAN SACHS GROWTH OPPOR INSTIT
CLASS FD #1132 25,482.78 19,324.17
574.616 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011 40,924.15 27,089.23
100.000 UTS ISHARES. TIPS BOND ETF 11,476.00 10,263.50
500 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 37,900.00 18,716.21
2,470.305 UTS MFS VALUE FUND CLASS I 88,461.62 60,148.36
4,155.288 UTS PIMCO FDS TOTAL RETURN BD FUND
INSTL CLASS FD #35 45,251.09 42,569.24
3,349.941 UTS T ROWE PRICE GROWTH STOCK
FUND #40 188,266.68 92,768.20
2,926.406 UTS T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND 96,717.72 63,101.82
i
INVESTED CASH 65.46- 65.46-
TOTAL PRINCIPAL 570,509.43 360,903.54
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TRSNOI (10/07)
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®.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE
6/17/05 923.361 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS 20,000.00
6/17/05 220.07 UTS BARON SMALL CAP FUND #583 5,000.00
6/17/05 794.351 UTS BLACKROCK FUNDS INTERNATIONAL BOND
PORTFOLIO FUND 325 (FORMERLY 17)
INSTITUTIONAL CLASS 91000.00
6/17/05 135.528 UTS CALAMOS GROWTH FUND CLASS A
FUND #606 7,000.00
6/17/05 348.918 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011 15,000.00
6/17/05 1,901.944 UTS MFS SER TR I VALUE FD CL A 45,000.00
6/17/05 2,022.472 UTS T ROWE PRICE GROWTH STOCK
FUND #40 54,000.00
6/17/05 1,752.678 UTS SCUDDER SHORT TERM MUNICIPAL I
BOND INVESTMENT FUND #819 18,000.00
6/21/05 50 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 5,936.00
6/30/05 919.54 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS 20,000.00
6/30/05 272.183 UTS ARTISAN SMALL CAP VALUE FUND #963 51000.00
I
6/30/05 795.755 UTS BLACKROCK FUNDS INTERNATIONAL BOND
PORTFOLIO FUND 325 (FORMERLY 17)
INSTITUTIONAL CLASS 81999.99
6/30/05 137.201 UTS CALAMOS GROWTH FUND CLASS A
FUND #606 7,000.00
6/30/05 348.837 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011 15,000.00 i
6/30/05 1,922.255 UTS MFS SER TR I VALUE FD CL A 45,000.00 j
6/30/05 2,035.432 UTS T ROWE PRICE GROWTH STOCK I
FUND #40 54,000.00
6/30/05 1,749.271 UTS SCUDDER SHORT TERM MUNICIPAL
BOND INVESTMENT FUND #819 18,000.00 j
6/30/05 256.016 UTS THIRD AVENUE INTERNATL VALUE
FUND #448 5,000.00
f
7/05/05 50 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 5,927.50 j
7/26/05 896.057 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS 20,000.00
- 31 -
THSN01 (10107)
G PNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE
7/26/05 891.265 UTS BLACKROCK FUNDS INTERNATIONAL BOND
PORTFOLIO FUND 325 (FORMERLY 17)
INSTITUTIONAL CLASS 91999.99
I
7/26/05 151.688 UTS CALAMOS GROWTH FUND CLASS A I
FUND #606 81000.00 f
7/26/05 317.821 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011 14,000.00
7/26/05 1,466.89 UTS MFS SER TR I VALUE FD CL A 35,000.00 j
I
7/26/05 1,832.173 UTS T ROWE PRICE GROWTH STOCK
FUND #40 50,000.00
7/26/05 1,750.973 UTS SCUDDER SHORT TERM MUNICIPAL
BOND INVESTMENT FUND #819 18,000.00
7/28/05 35 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 4,281.55
i
11/21/05 18.540 UTS CALAMOS GROWTH FUND CLASS A
FUND #606
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 994.88 1
I
11/23/05 36.406 UTS ARTISAN SMALL CAP VALUE FUND #963
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 630.18
11/23/05 7.135 UTS BARON SMALL CAP FUND #583
REINVESTMENT CAPITAL GAIN j
DISTRIBUTION 161.97 j
12/06/05 258.846 UTS MFS SER TR I VALUE FD CL A
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 6,041.47 j
12/22/05 25.436 UTS HARBOR INTERNATIONAL FUND j
CLASS INS FD #2011
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 1,239.52 j
12/23/05 1.216 UTS THIRD AVENUE INTERNATL VALUE
FUND #448
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 25.47
1/27/06 128.074 UTS BLACKROCK FUNDS INTL OPPORTUNITIES
PORTFOLIO FUND 334
INSTITUTIONAL SHARES 51000.00
4/27/06 68.76 UTS BLACKROCK FUNDS INTL OPPORTUNITIES
PORTFOLIO FUND 334
INSTITUTIONAL SHARES 3,000.00
- 32 -
TRSN01 (10107)
I
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®o PNCBANK
I
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE i
r
4/27/06 3,445.065 UTS T ROWE PRICE SUMMIT MUNICIPAL
INTERMEDIATE FD #83 37,000.00
4/27/06 3,741.153 UTS SCHRODER SHORT TERM MUNI BD FD INV
#1014 37,000.00
4/27/06 124.896 UTS THIRD AVENUE INTERNATL VALUE
FUND #448 31000.00
8/04/06 2,005.616 UTS MFS VALUE FUND CLASS I 50,000.00
8/04/06 2,037.948 UTS T ROWE PRICE GROWTH STOCK
FUND #40 58,000.00 {
I
8/10/06 110.803 UTS ARTISAN SMALL CAP VALUE FUND #963 2,000.00
8/10/06 92.764 UTS BARON SMALL CAP FUND #583 2,000.00
I
8/10/06 122.279 UTS BLACKROCK FUNDS INTL OPPORTUNITIES
PORTFOLIO FUND 334
INSTITUTIONAL SHARES , 51000.00
8/10/06 159.109 UTS CALAMOS GROWTH FUND CLASS A
FUND #606 8,000.00
f
8/14/06 30 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 3,948.60
11/20/06 21.872 UTS CALAMOS GROWTH FUND CLASS A
FUND #606
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 1,184.13
11/21/06 43.166 UTS BARON SMALL CAP FUND #583
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 978.15
12/08/06 45.201 UTS BLACKROCK FUNDS INTL OPPORTUNITIES
PORTFOLIO FUND 334
INSTITUTIONAL SHARES
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 1,861.38
12/08/06 224.705 UTS MFS VALUE FUND CLASS I
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 5,992.87
12/20/06 142.689 UTS T ROWE PRICE GROWTH STOCK
FUND #40
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 4,518.97
I
12/21/06 222.074 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 6,375.75 I
I
I
- 33 -
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TRSN01(10107)
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B.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE
l
12/21/06 57.220 UTS ARTISAN SMALL CAP VALUE FUND #963
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 1,033.97 i
12/21/06 32.143 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 1,962.01
12/21/06 30.533 UTS THIRD AVENUE INTERNATL VALUE
FUND #448
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 665.02
9/20/07 139.218 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011 10,000.00
9/24/07 200 UTS ISHARES RUSSELL MIDCAP GROWTH
INDEX FUND ETF 23,253.00
12/07/07 62.279 UTS BLACKROCK FUNDS INTL OPPORTUNITIES
PORTFOLIO FUND 334
INSTITUTIONAL SHARES
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 2,636.25
12/12/07 536.176 UTS MFS VALUE FUND CLASS I
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 14,326.61
12/19/07 238.182 UTS T ROWE PRICE GROWTH STOCK
FUND #40
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 7,829.05
12/20/07 359.751 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 10,400.42
12/20/07 107.918 UTS ARTISAN SMALL CAP VALUE FUND #963
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 1,474.16
12/20/07 25.445 UTS BARON SMALL CAP FUND #583
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 605.35
I
12/21/07 46.74 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 3,226.96
I
12/21/07 69.115 UTS THIRD AVENUE INTERNATL VALUE i
FUND #448
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 1,262.74
i
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TRSNDI(10/D7)
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®m PNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE
1/31/08 1,006.847 UTS MFS VALUE FUND CLASS I 25,000.00
1/31/08 833.056 UTS T ROWE PRICE GROWTH STOCK
FUND #40 25,000.00
2/29/08 4,748.338 UTS T ROWE PRICE SUMMIT MUN INC
FD #84 50,000.00
12/15/08 31.931 UTS T ROWE PRICE GROWTH STOCK
FUND #40
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 593.60
12/18/08 32.077 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 481.80
12/18/08 18.729 UTS ARTISAN SMALL CAP VALUE FUND #963
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 186.17
12/26/08 2,949.853 UTS VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84 30,000.00
I
4/30/09 262.261 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011 10,000.00 I
4/30/09 3,917.728 UTS PIMCO FDS TOTAL RETURN BD FUND
INSTL CLASS FD #35 40,000.00
5/04/09 150 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 4,192.50
5/04/09 150 UTS ISHARES RUSSELL MIDCAP GROWTH
INDEX FUND ETF 5,175.00
I
5/29/09 0.026 UTS BARON SMALL CAP FUND #583
REINVESTMENT CAPITAL GAIN
DISTRIBUTION .39
i
6/19/09 100.000 UTS ISHARES TIPS BOND ETF 10,042.00 i
11/10/09 1,436.781 UTS ARTISAN FUNDS INC INTL FD #661
INV CLASS 30,000.00
11/10/09 180.408 UTS HARBOR INTERNATIONAL FUND
CLASS INS FD #2011 10,000.00
11/10/09 980.392 UTS T ROWE PRICE INTL FD INC INTL BOND
FUND #76 10,000.00
i
12/10/09 39.954 UTS PIMCO FDS TOTAL RETURN BD FUND
INSTL CLASS FD #35 I
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 435.10
I
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35 -
i
TRSN01 (10107)
PNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE !
1/13/10 100.000 UTS ISHARES TIPS BOND ETF 10,485.00
4/08/10 816.326 UTS GOLDMAN SACHS GROWTH OPPOR INSTIT
CLASS FD #1132 18,000.00
6/23/10 3,532.22 UTS T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND 74,000.00
12/09/10 7.398 UTS GOLDMAN SACHS GROWTH OPPOR INSTIT
CLASS FD #1132
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 177.63
12/09/10 197.606 UTS PIMCO FDS TOTAL RETURN BD FUND
INSTL CLASS FD #35
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 2,134.14
12/16/10 1,119.821 UTS PIMCO COMMODITY REAL RETURN t
STRATEGY FUND INSTITUTIONAL CLASS 1
FUND #045 10,000.00
12/28/10 4.635 UTS VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 48.90
2/17/11 595.238 UTS T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND 15,000.00
i
3/02/11 1,027.749 UTS PIMCO COMMODITY REAL RETURN
STRATEGY FUND INSTITUTIONAL CLASS
FUND #045 10,000.00
11/30/11 8.018 UTS BARON SMALL CAP FUND #583
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 177.20
12/08/11 51.071 UTS GOLDMAN SACHS GROWTH OPPOR INSTIT
CLASS FD #1132
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 1,146.54
12/08/11 51.038 UTS PIMCO COMMODITY REAL RETURN
STRATEGY FUND INSTITUTIONAL CLASS
FUND #045
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 387.38
12/16/11 56.180 UTS ARTISAN SMALL CAP VALUE FUND #963
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 813.49
12/23/11 2.741 UTS VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 30.04
- 36 -
i
I
TRSN01 f10/07)
!
!
®m PN CBANK
GEORGE N WADE JR 27-27-001-3769481 I
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE i
4/03/12 0.542 UTS VANGUARD TOTAL BOND MARKET INDEX i
INV FUND #84 i
REINVESTMENT CAPITAL GAIN i
DISTRIBUTION 5.92 j
6/26/12 0.211 UTS BARON SMALL CAP FUND INSTITUTIONAL
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 5.12
TOTAL PRINCIPAL INVESTMENTS 1,238,291.83
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i
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37 -
I
I
I
TRSN01 (10107)
I
I
I
ePNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES CHANGES IN HOLDINGS
6/17/05 PURCHASED
220.07 UTS BARON SMALL CAP FUND #583 5,000.00
11/23/05 SOLD
BARON SMALL CAP FUND #583
CAPITAL GAIN DISTRIBUTION
11/23/05 PURCHASED
7.135 UTS BARON SMALL CAP FUND #583
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 161.97
8/10/06 PURCHASED
92.764 UTS BARON SMALL CAP FUND #583 2,000.00
11/21/06 SOLD
BARON SMALL CAP FUND #583
CAPITAL GAIN DISTRIBUTION
11/21/06 PURCHASED
43.166 UTS BARON SMALL CAP FUND #583
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 978.15
12/20/07 SOLD
BARON SMALL CAP FUND #583
CAPITAL GAIN DISTRIBUTION
12/20/07 PURCHASED
25.445 UTS BARON SMALL CAP FUND #583
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 605.35
5/29/09 SOLD
BARON SMALL CAP FUND #583
CAPITAL GAIN DISTRIBUTION
5/29/09 PURCHASED
0.026 UTS BARON SMALL CAP FUND #583
REINVESTMENT CAPITAL GAIN
DISTRIBUTION .39
11/30/11 SOLD
BARON SMALL CAP FUND #583
CAPITAL GAIN DISTRIBUTION
11/30/11 PURCHASED
8.018 UTS BARON SMALL CAP FUND #583
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 177.20
4/23/12 396.624 UTS BARON SMALL CAP FUND #583
EXCHANGED FOR
393.721 UTS BARON SMALL CAP FUND
INSTITUTIONAL 8,923,06-
38 -
TRS N01(10107)
(D.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES - CHANGES IN HOLDINGS
CONTINUED: BARON SMALL CAP FUND #583
---------- ----------
---------- ----------
0 UTS .00
4/23/12 393.721 UTS BARON SMALL CAP FUND INSTITUTIONAL k
IN EXCHANGE FOR
396.624 UTS BARON SMALL CAP
FUND #583 8,923.06
6/26/12 SOLD
BARON SMALL CAP FUND INSTITUTIONAL
CAPITAL GAIN DISTRIBUTION
6/26/12 PURCHASED
0.211 UTS BARON SMALL CAP FUND INSTITUTIONAL
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 5.12
11/30/12 SOLD
BARON SMALL CAP FUND INSTITUTIONAL
CAPITAL GAIN DISTRIBUTION
11/29/13 SOLD
BARON SMALL CAP FUND INSTITUTIONAL
CAPITAL GAIN DISTRIBUTION
t
12/04/14 SOLD
BARON SMALL CAP FUND- INSTITUTIONAL
CAPITAL GAIN DISTRIBUTION
I
393.932 UTS 8,928.18
2/07/06 5,252.922 UTS DWS SHORT TERM MUNI BOND INV
FORMERLY SCUDDER SHORT TERM
MUNICIPAL BOND INVESTMENT FUND #819 54,000.00
4/26/06 SOLD
5,252.922 UTS DWS SHORT TERM MUNI BOND INV 54,000.00-
0 UTS .00
6/21/05 PURCHASED
50 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 5,936.00
I
7/05/05 PURCHASED
50 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 5,927.50 I
7/28/05 PURCHASED i
35 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 4,281.55
39 -
THSN01 110107)
®o PNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES - CHANGES IN HOLDINGS
I
CONTINUED: ISHARES TR RUSSELL MIDCAP VALUE
8/14/06 PURCHASED
30 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 3,948.60 i
3/26/08 SOLD
15 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 1,826.70-
7/24/08 STOCK SPLIT 3-1
300 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF
I
5/04/09 PURCHASED
150 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 4,192.50
7/15/10 SOLD
100 UTS ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF 3,743.24-
---------- ---------- i
---------- ----------
500 UTS 18,716.21
1
9/24/07 PURCHASED
200 UTS ISHARES RUSSELL MIDCAP GROWTH
INDEX FUND ETF 23,253.00
i
3/26/08 SOLD
25 UTS ISHARES RUSSELL MIDCAP GROWTH I
INDEX FUND ETF 2,906.63- i
7/24/08 STOCK SPLIT 2-1
175 UTS ISHARES RUSSELL MIDCAP GROWTH
INDEX FUND ETF
r
5/04/09 PURCHASED
150 UTS ISHARES RUSSELL MIDCAP GROWTH
INDEX FUND ETF 5,175.00
2/08/10 SOLD
500 UTS ISHARES RUSSELL MIDCAP GROWTH
INDEX FUND ETF 25,521.37-
__________
0 UTS .00
7/21/06 5,526.989 UTS MFS VALUE FUND CLASS I
IN EXCHANGE FOR
5,549.935 UTS MFS SER TR I VALUE
FD CL A 131,041.47
I
8/04/06 PURCHASED
2,005.616 UTS MFS VALUE FUND CLASS I 50,000.00
I
40 - R
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TflSN01(10/07)
PNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES - CHANGES IN HOLDINGS
i
CONTINUED: MFS VALUE FUND CLASS I
12/08/06 PURCHASED
224.705 UTS MFS VALUE FUND CLASS I
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 5,992.87
i
12/08/06 SOLD
MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION j
3/07/07 SOLD
372.995 UTS MFS VALUE FUND CLASS I 8,993.18-
12/12/07 SOLD
MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION
12/12/07 PURCHASED
536.176 UTS MFS VALUE FUND CLASS I
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 14,326.61
1/31/08 PURCHASED
1,006.847 UTS MFS VALUE FUND CLASS I 25,000.00
3/24/08 SOLD
410.004 UTS MFS VALUE FUND CLASS I 9,983.00-
11/10/09 SOLD
779.348 UTS MFS VALUE FUND CLASS I 18,976.00-
1/11/10 SOLD
469.263 UTS MFS VALUE FUND CLASS I 11,425.88-
6/23/10 SOLD
1
3,639.941 UTS MFS VALUE FUND CLASS I 88,627.30- I
I
12/16/10 SOLD i
888.494 UTS MFS VALUE FUND CLASS I 21,633.54-
10/09/12 SOLD
191.644 UTS MFS VALUE FUND CLASS I 4,666.25-
12/07/12 SOLD
78.339 UTS MFS VALUE FUND CLASS I 1,907.44-
12/12/12 SOLD
MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION
3/28/13 SOLD
MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION
I
i
41 -
TRSN01 (10107)
i
®m PNCBANK
GEORGE N WADE JR 27-27-001-3769481
PRINCIPAL INFORMATION SCHEDULES - CHANGES IN HOLDINGS
CONTINUED: MFS VALUE FUND CLASS I
12/13/13 SOLD
MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION
12/15/14 SOLD
MFS VALUE FUND CLASS I
CAPITAL GAIN DISTRIBUTION
2,470 305 UTS 60,148 36
I
6/17/05 PURCHASED
1,901.944 UTS MFS SER TR I VALUE FD CL A 45,000.00
6/30/05 PURCHASED
1,922.255 UTS MFS SER TR I VALUE FD CL A 45,000.00
7/26/05 PURCHASED f
1,466.89 UTS MFS SER TR I VALUE FD CL A 35,000.00
12/06/05 SOLD i
MFS SER TR I VALUE FD CL A i
CAPITAL GAIN DISTRIBUTION
I
12/06/05 PURCHASED
258.846 UTS MFS SER TR I VALUE FD CL A
REINVESTMENT CAPITAL GAIN
DISTRIBUTION 6,041.47 f
7/21/06 5,549.935 UTS MFS SER TR I VALUE FD CL A
EXCHANGED FOR
5,526.989 UTS MFS VALUE FUND j
CLASS I 131,041.47-
0 UTS .00
6/17/05 PURCHASED
1,752.678 UTS SCUDDER SHORT TERM MUNICIPAL
BOND INVESTMENT FUND #819 18,000.00
6/30/05 PURCHASED
1,749.271 UTS SCUDDER SHORT TERM MUNICIPAL
BOND INVESTMENT FUND #819 18,000.00
7/26/05 PURCHASED
1,750.973 UTS SCUDDER SHORT TERM MUNICIPAL
BOND INVESTMENT FUND #819 18,000.00
2/07/06 5,252.922 UTS SCUDDER SHORT TERM MUNICIPAL
BOND INVESTMENT FUND #819
NOW DWS SHORT TERM MUNI BOND INV 54,000.00-
__________
0 UTS .00
i
- 42
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TRSN01(10707) �
®m PNCBANK
t
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
i
OTHER INCOME
I
ARTISAN FUNDS INC INTL FD #661 I
INV CLASS I
11/23/05 1,124.07
12/21/06 11190.90 I
12/20/07 473.02
12/18/08 128.23
12/18/09 353.16
12/17/10 255.60
12/16/11 405.75
12/20/12 272.41
11/25/13 242.92
11/21/14 105.97
�
ARTISAN SMALL CAP VALUE FUND #963 4,552.03
12/18/09 9.53
12/17/10 9.41
12/16/11 3.68
12/20/12 62.16
11/26/13 21.81
106.59 i
BLACKROCK FUNDS INTERNATIONAL BOND I
PORTFOLIO FUND 325 (FORMERLY 17)
INSTITUTIONAL CLASS
7/01/05 15.65
8/01/05 67.31 I
9/01/05 93.65
10/03/05 94.31
11/01/05 94.51
12/01/05 94.31
1/03/06 62.77
2/01/06 52.65
3/01/06 52.65
4/03/06 52.65
5/01/06 43.76
724.22
BLACKROCK FUNDS INTL OPPORTUNITIES
PORTFOLIO FUND 334
INSTITUTIONAL SHARES
12/08/06 227.91
12/07/07 440.44
12/16/08 42.83 j
711.18 �
DWS SHORT TERM MUNI BOND INV
2/28/06 135.75
3/29/06 150.68
4/27/06 128.82
HARBOR INTERNATIONAL FUND 415.25
CLASS INS FD #2011
12/22/05 1,046.68
12/21/06 1,520.85
12/21/07 1,126.91
12/23/08 866.45
12/22/09 759.21
12/21/10 793.00
- 43 -
TRS N01 [10/07)
I
I
I
i
18.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: HARBOR INTERNATIONAL FUND
12/20/11 1,196.86 j
12/19/12 760.90 I
12/19/13 859.21 j
12/22/14 815.08
9,745.15
ISHARES TIPS BOND ETF
7/08/09 38.88
8/07/09 42.92 j
9/08/09 92.04
10/07/09 4.74
11/06/09 34.21
12/07/09 20.80
1/05/10 23.89
2/05/10 41.62
3/05/10 .89
4/08/10 88.30
5/07/10 32.66
6/07/10 108.28
7/08/10 56.12
8/06/10 38.42
9/08/10 6.02
10/07/10 27.07
11/05/10 50.97
12/07/10 35.73
1/04/11 52.53 j
2/07/11 32.82
3/07/11 54.88
4/07/11 116.42
5/06/11 118.77
6/07/11 209.86
7/08/11 150.98
8/05/11 116.27
9/08/11 2.04
10/07/11 34.60
11/07/11 72.01
12/07/11 48.13
4/09/12 64.73
5/07/12 85.22
6/07/12 160.87
7/09/12 70.70
11/07/12 58.33
12/07/12 97.06
1/02/13 1.72
4/05/13 16.07
5/07/13 62.24
6/07/13 58.60
7/08/13 29.78 j
8/07/13 14.00
9/09/13 20.60
10/07/13 7.10
11/07/13 17.67
12/06/13 9.00
5/07/14 25.82
6/06/14 65.47
7/08/14 34.38
- 44 - I
f
TRSN01 (10107)
®.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: ISHARES TIPS BOND ETF
8/07/14 35.55
9/08/14 19.39
12/05/14 6.01
2,713.18
ISHARES TR RUSSELL MIDCAP VALUE
INDEX FD ETF
6/24/05 21.33
9/29/05 72.70
12/29/05 116.59
3/30/06 75.71
6/28/06 73.65
10/02/06 98.02
12/27/06 162.33
3/29/07 123.04
7/05/07 133.80
10/01/07 106.53
1/03/08 169.26
3/28/08 51.60
7/09/08 117.69
9/30/08 95.24
12/30/08 130.27
3/30/09 82.67
7/09/09 124.71
9/28/09 79.62
12/30/09 149.20
3/30/10 90.09
7/09/10 108.74
9/29/10 135.35
12/29/10 137.97
3/30/11 99.96
7/11/11 123.14
9/29/11 93.74
12/29/11 143.51
3/29/12 104.73
7/02/12 118.33
9/28/12 109.87
12/26/12 192.63
4/01/13 103.86
7/09/13 155.98
9/30/13 102.30
12/30/13 199.47
3/31/14 148.95
7/09/14 178.82
9/30/14 117.34
12/31/14 234.86
3/31/15 146.57
�
ISHARES RUSSELL MIDCAP GROWTH 4,830.17
INDEX FUND ETF
10/01/07 32.47
1/03/08 44.54
3/28/08 28.62
7/09/08 38.10
9/30/08 29.59 i
12/30/08 41.90
i
- 45 -
I
TRSN01(10107)
®.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: ISHARES RUSSELL MIDCAP GROWTH
3/30/09 30.04
7/09/09 45.77
9/28/09 44.56
12/30/09 64.87
400.46
MFS VALUE FUND CLASS I
9/28/06 1,031.14
12/08/06 819.85
3/29/07 678.40
6/28/07 846.39
9/27/07 701.29
12/12/07 1,016.67
3/28/08 556.10
6/27/08 911.27
9/26/08 822.09
12/16/08 1,094.65
3/30/09 700.38
6/26/09 839.38
9/29/09 627.73
12/11/09 868.51
3/26/10 534.98
6/25/10 355.08
9/29/10 268.86
12/10/10 401.92
3/25/11 217.94 j
6/24/11 309.05
9/28/11 272.33
12/09/11 399.51
3/26/12 255.39
6/28/12 356.70
9/26/12 296.14
12/12/12 411.90
3/28/13 291.08
7/03/13 369.76
9/27/13 300.49
12/13/13 414.47
3/31/14 620.10
6/30/14 411.33
9/29/14 472.27
12/15/14 443.94
3/30/15 551.72
MFS SER TR I VALUE FD CL A 19,468.81
6/30/05 134.35
9/30/05 365.35
12/06/05 472.60
3/31/06 295.09
6/30/06 443.99
1,711.38
PIMCO FDS TOTAL RETURN BD FUND
INSTL CLASS FD #35
5/04/09 6.77
6/01/09 205.09
7/02/09 203.67
8/03/09 213.82
46 -
TRSN01(10107)
®.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: PIMCO FDS TOTAL RETURN BD FUND
I
9/01/09 208.96 f
10/01/09 197.62
11/02/09 180.70
12/01/09 145.83
1/04/10 137.27
2/01/10 104.94
3/02/10 103.43
4/02/10 108.60
5/03/10 111.85 I
6/01/10 102.20
7/01/10 114.13
8/02/10 122.15 I
9/01/10 113.41
10/01/10 116.46
11/01/10 128.20
12/01/10 131.63
1/04/11 144.75
2/01/11 119.60
3/01/11 123.93
4/01/11 128.65
5/02/11 129.78
6/01/11 130.53
7/01/11 124.68
8/01/11 117.79
9/01/11 110.19
10/03/11 124.49
11/01/11 123.47
12/01/11 133.82
12/30/11 270.34
1/03/12 132.30
2/01/12 124.47
3/01/12 116.51
4/02/12 143.66
5/01/12 132.95
6/01/12 147.53
7/03/12 131.61
8/01/12 106.66
9/04/12 114.94
10/01/12 92.93
11/02/12 136.36
12/03/12 139.80
12/28/12 474.87
1/04/13 105.06
2/04/13 78.62
3/01/13 88.51
4/02/13 113.12
5/02/13 133.83
6/04/13 110.74
7/03/13 75.97
8/07/13 93.95
9/10/13 99.93
10/07/13 77.63
11/06/13 87.53
12/04/13 83.60
1/07/14 59.99
- 47 -
TRSN01 (10107)
(
(
I
f
®e PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: PIMCO FDS TOTAL RETURN BD FUND
2/04/14 60.61
3/04/14 66.25 i
4/02/14 77.17 f
5/02/14 81.73
6/03/14 104.95
7/02/14 85.12
8/04/14 93.93
9/03/14 88.81
10/02/14 68.44
11/04/14 72.70
12/02/14 80.35
12/31/14 857.57
1/06/15 105.81 i
2/03/15 45.99
3/03/15 49.62
4/02/15 55.36
9,736.23
PIMCO COMMODITY REAL RETURN
STRATEGY FUND INSTITUTIONAL CLASS
FUND #045
1/03/11 224.38
3/18/11 548.34
6/17/11 1,015.48
9/16/11 913.10
12/29/11 1,844.83
3/23/12 116.47
6/22/12 81 .78
9/21/12 110.36
12/28/12 37.11
3/22/13 59.86
4,951.71
T ROWE PRICE GROWTH STOCK
FUND #40
12/14/05 117.80
12/20/06 1,506.32
12/19/07 1,627.82
12/15/08 1,017.59
12/15/09 301.08
12/15/10 83.65
12/15/11 28.05
12/17/12 277.30
12/20/13 79.23
5,038.84
T ROWE PRICE EQUITY INCOME FUND SH
BEN INT FUND
6/29/10 353.22 i
9/29/10 494.51
12/14/10 388.54
3/30/11 371.47
6/29/11 454.02
9/29/11 468.03
12/14/11 507.04
3/29/12 498.73
6/28/12 492.90
9/27/12 457.70
48 -
TRSN01 (10107)
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®o PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: T ROWE PRICE EQUITY INCOME FUND SH
12/14/12 551.10
3/27/13 401.73
7/01/13 401.73
9/30/13 409.70
12/17/13 409.70
3/31/14 585.28
6/30/14 438.96
9/30/14 409.70
12/15/14 497.49
4/01/15 321.90
8,913.45
T ROWE PRICE INTL FD INC INTL BOND
FUND #76
12/01/09 15.40
1/04/10 24.22
2/01/10 19.51
3/01/10 19.06
4/01/10 20.39
5/03/10 21.24
6/01/10 18.51
7/01/10 4.98
143.31
T ROWE PRICE SUMMIT MUNICIPAL
INTERMEDIATE FD #83
5/04/06 11.55
6/02/06 114.43
7/05/06 123.67
8/02/06 108.59
9/05/06 116.80
10/03/06 121.51
11/02/06 112.38
12/04/06 116.27
1/04/07 125.93
2/02/07 111.53
3/02/07 121.99
4/02/07 122.70
5/01/07 115.89
6/01/07 119.07
7/02/07 123.72
8/01/07 116.03
9/04/07 131.71
10/01/07 108.41
11/01/07 119.25
12/03/07 127.88
1/02/08 115.70
2/01/08 115.60
3/03/08 127.62
4/01/08 111.43
5/01/08 118.99
6/02/08 123.38
7/01/08 115.08
8/01/08 120.16
9/02/08 123.88
10/01/08 118.29
11/03/08 129.05
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TRSN01 (10107)
®m PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: T ROWE PRICE SUMMIT MUNICIPAL
12/01/08 113.49
1/02/09 123.72
2/02/09 117.69
3/02/09 118.70
4/01/09 115.31
5/01/09 116.85
4,294.25
T ROWE PRICE SUMMIT MUN INC
FD #84
4/01/08 162.14
5/01/08 174.86
6/02/08 183.01
7/01/08 173.78
8/01/08 180.97
9/02/08 188.52
10/01/08 179.25
11/03/08 197.34
12/01/08 174.23 1
1/02/09 151.36 I
1,765.46
SCHRODER SHORT TERM MUNI BD FD INV
#1014
5/03/06 10.60
6/01/06 107.43
7/03/06 102.92
8/01/06 114.00
9/01/06 119.23
10/02/06 115.26
11/01/06 118.37
12/01/06 113.18
1/02/07 119.26 I
2/01/07 118.12
3/01/07 105.92
4/02/07 118.85
5/01/07 118.14
6/01/07 122.14
7/02/07 116.91 i
8/01/07 122.19
9/04/07 124.10
10/01/07 120.43
11/01/07 123.32 I
12/05/07 120.19
1/03/08 124.18
2/01/08 127.47
3/03/08 27.22
2,509.43
SCUDDER SHORT TERM MUNICIPAL
BOND INVESTMENT FUND #819
6/28/05 13.52
7/27/05 69.54
8/29/05 120.45
9/28/05 127.46
10/27/05 112.42
11/28/05 129.90
12/28/05 139.17
- 50 -
TRSN01(10107)
B PN CBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: SCUDDER SHORT TERM MUNICIPAL
I
1/27/06 130.84
THIRD AVENUE INTERNATL VALUE 843.30
FUND #448
12/23/05 117.59
12/21/06 414.34
12/21/07 321.05 r
852.98
VANGUARD TOTAL BOND MARKET INDEX
INV FUND #84
1/06/09 21.96
2/02/09 115.32
3/02/09 110.31
4/02/09 111.80
5/01/09 106.31 k
6/01/09 105.50
7/01/09 102.40
8/03/09 103.80
9/01/09 101.13
10/01/09 97.18
11/03/09 97.32
12/02/09 94.81
1/04/10 97.28
2/01/10 96.09
3/03/10 90.25
4/02/10 93.32
5/03/10 67.85
6/01/10 63.03
7/01/10 60.06 i
8/02/10 60.21
9/01/10 58.97
10/01/10 57.12
11/01/10 58.21
12/01/10 56.06
1/03/11 43.13
2/01/11 30.05
3/03/11 28.51
4/01/11 30.78
5/02/11 30.03
6/01/11 30.27
7/01/11 29.52
8/01/11 29.67
9/01/11 29.81
10/03/11 29.07
11/01/11 18.78
12/01/11 15.58
1/03/12 15.72
2/01/12 15.41
3/01/12 14.75
4/02/12 15.14
5/01/12 14.57
6/01/12 14.65
7/02/12 11.83
8/01/12 11.10
9/04/12 10.89 t
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PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
I
CONTINUED: VANGUARD TOTAL BOND MARKET INDEX I
10/01/12 10.28
11/01/12 10.47 j
12/03/12 10.01
1/02/13 9.94
2/01/13 9.75
3/01/13 9.15 i
4/02/13 9.84
5/01/13 9.50
6/03/13 9.64 I
7/02/13 9.42
8/01/13 9.78
8/15/13 1.94 i
2,605.27
BLACKROCK LIQUIDITY FUNDS
TEMPFUND
ADMINISTRATION SHARES #Hl
7/01/05 .01
7/01/05 608.94
8/01/05 34.57
8/01/05 422.87
9/01/05 .56
9/01/05 106.79
10/03/05 .15
10/03/05 99.03
11/01/05 .28
11/01/05 98.33
12/01/05 .83
12/01/05 90.77
1/03/06 3.48
1/03/06 89.72
2/01/06 1.20
2/01/06 84.36
3/01/06 .14
3/01/06 53.41
4/03/06 .17
4/03/06 526.50
5/01/06 4.02
5/01/06 716.54
6/01/06 5.94
6/01/06 732.80
7/03/06 1.84
7/03/06 684.97
8/02/06 4.60
8/02/06 726.29
9/01/06 7.55 f
9/01/06 279.92
10/02/06 8.27 I
10/02/06 136.99
11/01/06 13.24
11/01/06 125.25
12/01/06 13.00
12/01/06 106.24
1/02/07 19.63
1/02/07 96.80
2/01/07 16.61
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(D®PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: BLACKROCK LIQUIDITY FUNDS
2/01/07 98.68
3/01/07 14.95
3/01/07 73.98
4/02/07 16.53
4/02/07 132.55
5/01/07 19.66
5/01/07 123.48
6/01/07 20.54
6/01/07 105.82
7/02/07 2.46
7/02/07 319.62
8/01/07 7.19
8/01/07 381.84
9/04/07 8.48
9/04/07 368.37
10/01/07 9.66
10/01/07 308.95
11/01/07 13.81
11/01/07 180.10
12/03/07 13.15 j
12/03/07 151.59 I
1/02/08 11.31
1/02/08 147.16
2/01/08 20.98
2/01/08 151.19
3/03/08 16.58 I
3/03/08 175.00
4/01/08 15.86
4/01/08 64.37 I
5/01/08 14.54 I
5/01/08 50.99
6/02/08 13.97
6/02/08 29.81
7/01/08 4.28
7/01/08 28.08
8/01/08 4.67
8/01/08 23.08 I
9/02/08 4.65
9/02/08 20.61
10/02/08 4.80 i
10/02/08 24.07
11/03/08 7.64 I
11/03/08 18.68
12/01/08 6.87
12/01/08 9.10
1/02/09 2.89
1/02/09 7.85
2/03/09 4.30
2/03/09 17.67
3/02/09 2.80
3/02/09 8.86
4/01/09 1.85
4/01/09 14.51 I
5/01/09 2.06 I
5/01/09 14.34
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®.PNCBANK
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: BLACKROCK LIQUIDITY FUNDS
6/01/09 1 .91
6/01/09 11.57
7/01/09 .82
7/01/09 6.98
8/03/09 .31 i
8/03/09 3.03
9/01/09 .19
9/01/09 1.23 j
10/01/09 .15 j
10/01/09 .60
11/02/09 .20
11/02/09 .15
12/01/09 .12
12/01/09 .31
1/04/10 .06
1/04/10 .27
2/01/10 .06
3/01/10 .03
4/01/10 .15
5/03/10 .04 j
5/03/10 .47
6/01/10 .09
6/01/10 .74
7/01/10 .12 j
7/01/10 1.23
8/02/10 .26 I
8/02/10 1.76
9/01/10 2.29
10/01/1030
10/01/10 1..57
11/01/1036
11/01/10 1..02
12/01/10 .24
12/01/10 .44
1/04/11 .26 j
1/04/11 1.28
2/01/11 .31
2/01/11 2.11
3/01/11 .23
3/01/11 1.42
4/01/11 .84
5/02/11 .09 f
5/02/11 .22
6/01/11 .01 j
8/01/11 .01
8/01/11 .03
9/01/11 .03
9/01/1103
.
10/03/11 .03 i
10/03/11 .02
11/01/11 .14
11/01/11 .21
12/05/11 .22
54 -
TRSN01(10107)
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PNCBANK
I
GEORGE N WADE JR 27-27-001-3769481
RECEIPTS OF INCOME
CONTINUED: BLACKROCK LIQUIDITY FUNDS
12/05/11 .23 C
1/04/12 .20
1/04/12 .04
2/02/12 .16
2/02/12 .06
3/02/12 .22
3/02/12 .02
4/03/12 .24
4/03/12 .16
5/02/12 .38
5/02/12 .13
6/04/12 .41
6/04/12 .13
7/02/12 .35
7/02/12 .21
8/01/12 .10
9/05/12 .20
9/05/12 .11
10/01/12 .12
10/01/12 .04
11/02/12 .50
11/02/12 .16
12/03/12 .17
12/03/12 .10
1/02/13 .20
1/02/13 .22
2/01/13 .07
2/01/13 .05
3/01/13 .06
3/01/13 .05
4/01/13 .06
5/01/13 .06
6/03/13 .06
6/03/13 .01
7/01/13 .06
7/01/13 .03
8/01/13 .06
8/01/13 .02
9/03/13 .06
9/03/13 .02
10/01/13 .06
11/04/13 .06
11/04/13 .03
12/03/13 .29
12/03/13 .02
1/06/14 .33
1/06/14 .24
2/04/14 .17
2/04/14 .10
3/04/14 .16
3/04/14 .02
4/02/14 .18
4/02/14 .01
5/02/14 .14
55 -
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THSN01(10107)
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®m PNCBANK
I
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GEORGE N WADE JR 27-27-001-3769481 I,
RECEIPTS OF INCOME i
CONTINUED: BLACKROCK LIQUIDITY FUNDS
5/02/14 .03
6/03/14 .18
6/03/14 .06
7/02/14 .14 i
7/02/14 .05
8/04/14 .15 f
8/04/14 .01
9/03/14 .12
10/02/14 .07
10/02/14 .05
11/04/14 .04
11/04/14 .16
12/02/14 .08
12/02/14 .50
1/05/15 .11
1/05/15 1.19
2/02/15 .10
2/02/15 .85
3/02/15 .05
3/02/15 .43
4/01/15 .47
9,299.15
MISCELLANEOUS
TRANSFER FROM PRINCIPAL
TO COVER OVERDRAFT
9/08/05 250.66
1/12/06 37.00
2/13/06 260.56
3/07/06 18.88
567.10
4/04/06 GEORGE N WADE JR TRUST
ADDITIONAL INCOME 617.17
TOTAL INCOME 97,516.07
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PNCBANK
GEORGE N WADE JR 27-27-001-3769481
DISBURSEMENTS OF INCOME
TRANSFER TO PRINCIPAL
8/05/05 885.35-
9/02/05 321.45-
10/05/05 507.33-
11/04/05 58.44-
12/05/05 1,184.16-
1/05/06 1,911.82-
2/03/06 269.05-
6/07/06 1,500.00-
12/26/06 5,000.00-
5/21/07 4,200.00-
12/04/07 3,000.00-
6/05/08 5,000.00-
12/02/08 3,000.00-
6/16/09 4,000.00-
12/15/09 3,200.00-
6/02/11 4,631.78-
38,669.38-
TRUSTEE'S COMPENSATION
PNC BANK NATIONAL ASSOCIATION
COMPENSATION BASED ON PRINCIPAL
MARKET VALUE
7/06/05 251.19-
8/03/05 251.55-
9/07/05 250.66-
10/05/05 251.67-
11/03/05 247.10-
12/05/05 255.72-
1/05/06 254.58-
2/06/06 260.56-
3/03/06 260.83-
4/05/06 344.20-
5/03/06 358.59-
5/25/06 612.01-
6/07/06 346.30-
7/06/06 341.82-
8/03/06 339.61-
9/06/06 346.59-
10/04/06 349.46-
11/03/06 355.77-
12/05/06 363.12-
1/04/07 368.83-
2/05/07 374.35- j
3/05/07 365.20-
4/04/07 370.30-
5/03/07 381.45-
6/05/07 392.00-
7/05/07 385.59- {
8/03/07 376.59-
9/06/07 375.80-
10/04/07 392.92-
11/05/07 389.45-
12/05/07 383.83-
1/04/08 379.55-
2/05/08 356.42-
3/05/08 343.97-
4/03/08 349.40-
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TRSN01 (10/07)
®o PNCBANK
GEORGE N WADE JR 27-27-001-3769481
DISBURSEMENTS OF INCOME
CONTINUED: TRUSTEE'S COMPENSATION
5/05/08 350.85-
6/04/08 353.40-
7/03/08 328.52-
8/05/08 318.31-
9/04/08 319.10-
10/03/08 309.02-
11/05/08 259.49-
12/03/08 224.99- f
1/06/09 246.58-
2/04/09 231.75-
3/04/09 213.67-
4/03/09 230.23-
5/05/09 244.10-
5/26/09 389.11-
6/03/09 259.38-
7/03/09 253.62-
8/05/09 266.06-
9/03/09 265.99-
10/05/09 272.96-
11/04/09 272.59-
12/03/09 291.08-
1/06/10 290.86-
2/03/10 282.13-
3/03/10 284.32-
4/05/10 272.63-
5/05/10 271.02- f
5/25/10 412.49-
6/03/10 246.79-
7/06/10 238.99-
8/04/10 245.81-
9/03/10 240.63-
10/05/10 253.55-
11/03/10 259.40-
12/03/10 260.48-
1/05/11 266.89-
2/03/11 272.78- f
3/03/11 270.87- f
4/05/11 274.46-
5/04/11 279.25-
5/25/11 417.56-
6/03/11 267.80- f
7/06/11 269.64-
8/03/11 260.15-
9/06/11 242.35-
10/05/11 221.78-
11/03/11 236.72-
12/05/11 237.64-
1/05/12 235.36-
2/03/12 247.07-
3/05/12 255.71-
4/04/12 257.75-
5/03/12 256.09-
5/25/12 528.90-
6/05/12 231.28-
7/06/12 241.48-
58 -
TRSN01 [10/07)
B PNCBANK
GEORGE N WADE JR 27-27-001-3769481
DISBURSEMENTS OF INCOME
CONTINUED: TRUSTEE'S COMPENSATION
8/03/12 240.87- C
9/06/12 242.34-
10/03/12 246.31-
11/05/12 241.88-
12/05/12 241.32- I
1/04/13 242.05-
2/05/13 251.48- I
3/05/13 288.65- p
4/03/13 291.18-
5/03/13 292.51-
5/28/13 435.15-
6/05/13 296.57-
7/03/13 291.30- I
8/05/13 304.59-
9/05/13 292.48-
10/03/13 306.47-
11/05/13 316.57-
12/04/13 320.98-
1/06/14 329.68-
2/05/14 318.06- i
3/05/14 329.75-
4/03/14 325.30-
5/05/14 317.83-
6/04/14 322.21-
7/07/14 328.24-
8/05/14 316.91-
9/04/14 324.69-
10/03/14 309.14-
11/05/14 316.63-
12/03/14 317.21-
1/07/15 314.22-
2/05/15 307.05-
3/04/15 319.77-
4/10/15 313.75-
37,511.55-
INTERNAL REVENUE SERVICE
FIDUCIARY INCOME TAX
BALANCE AND INSTALLMENT PAYMENTS
4/11/06 320.00-
4/10/07 179.00
12/04/07 2.75
138.25-
PENNA DEPARTMENT OF REVENUE
FIDUCIARY INCOME TAX
BALANCE AND INSTALLMENT PAYMENTS
1/10/06 37.00-
4/11/06 20.00-
6/09/06 27.00-
9/11/06 53.00-
1/09/07 79.00-
11/13/09 38.52
177.48-
TOTAL INCOME DISBURSEMENTS 76,496.66-
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TRSN01(10101)
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®e PNCBANK
GEORGE N WADE JR 27-27-001-3769481
BALANCE OF INCOME ON HAND
VALUE ACQUISITION
4/16/15 VALUE
INVESTED CASH 21,019.41 21,019.41 4
TOTAL INCOME 21,019.41 21,019.41
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TRSN01 (10/07)
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G PNCBANK
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VERIFICATION
CARRIE VOGELSONG VICE PRESIDENT OF PNC BANK NATIONAL TRUSTEE
UNDER THE DEED OF GEORGE N WADE SETTLOR DATED 04/06/95, AMENDED 1/17/01
HEREBY DECLARES UNDER OATH THAT THE TRUSTEE HAS FULLY AND FAITHFULLY
DISCHARGED THE DUTIES OF HER OFFICE; THAT THE FOREGOING TRUST
ACCOUNT IS TRUE AND CORRECT AND FULLY DISCLOSES ALL SIGNIFICANT
TRANSACTIONS OCCURRING DURING THE ACCOUNTING PERIOD; THAT ALL KNOWN
CLAIMS AGAINST THE TRUST HAVE BEEN PAID IN FULL; THAT, TO HER
KNOWLEDGE THERE ARE NO CLAIMS NOW OUTSTANDING AGAINST THE TRUST;
AND THAT ALL TAXES PRESENTLY DUE FROM THE TRUST HAVE BEEN PAID.
THIS STATEMENT IS MADE SUBJECT TO THE PENALTIES OF 18 PA. C.S.A.
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SECTION 4904 RELATING TO UNSWORN FALSIFICATION TO AUTHORITIES.
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CARRIE VkqELSONOVI
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DATED: i
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TRSN01 (10/07)