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RAINIER INVESTMENT MANAGEMENT LLC
> UNP
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2017 | UNION PACIFIC CORP | UNP | 0 | -15,348 | 0 | -1,780,000 | |
| 09/30/2017 | UNION PACIFIC CORP | UNP | 15,348 | -4,940 | 1,780,000 | -430,000 | $115.98 |
| 06/30/2017 | UNION PACIFIC CORP | UNP | 20,288 | -16,650 | 2,210,000 | -1,703,000 | $108.93 |
| 03/31/2017 | UNION PACIFIC CORP | UNP | 36,938 | -23,020 | 3,913,000 | -2,303,000 | $105.93 |
| 12/31/2016 | UNION PACIFIC CORP | UNP | 59,958 | -61,040 | 6,216,000 | -5,586,000 | $103.67 |
| 09/30/2016 | UNION PACIFIC CORP | UNP | 120,998 | 74,550 | 11,802,000 | 7,696,000 | $97.54 |
| 06/30/2016 | UNION PACIFIC CORP | UNP | 160,388 | -11,100 | 13,993,000 | 351,000 | $87.24 |
| 03/31/2016 | UNION PACIFIC CORP | UNP | 171,488 | 125,040 | 13,642,000 | 9,536,000 | $79.55 |
| 12/31/2015 | UNION PACIFIC CORP | UNP | 62,938 | 16,490 | 4,921,000 | 815,000 | $78.19 |
| 09/30/2015 | UNION PACIFIC CORP | UNP | 46,448 | 46,448 | 4,106,000 | 4,106,000 | $88.40 |
| 06/30/2015 | UNION PACIFIC CORP | UNP | 0 | -428,710 | 0 | -46,433,000 | |
| 03/31/2015 | UNION PACIFIC CORP | UNP | 428,710 | 428,710 | 46,433,000 | 46,433,000 | $108.31 |
| 12/31/2014 | UNION PACIFIC CORP | UNP | 518,550 | 518,550 | 61,774,000 | 61,774,000 | $119.13 |
| 09/30/2014 | UNION PACIFIC CORP | UNP | 238,480 | 238,480 | 25,855,000 | 25,855,000 | $108.42 |
| 06/30/2014 | UNION PACIFIC CORP | UNP | 257,670 | 257,670 | 25,705,000 | 25,705,000 | $99.76 |
| 03/31/2014 | UNION PACIFIC CORP | UNP | 182,580 | 182,580 | 34,263,000 | 34,263,000 | $187.66 |
| 12/31/2013 | UNION PACIFIC CORP | UNP | 217,080 | 217,080 | 36,469,000 | 36,469,000 | $168.00 |
| 09/30/2013 | UNION PACIFIC CORP | UNP | 253,310 | 253,310 | 39,346,000 | 39,346,000 | $155.33 |
| 06/30/2013 | UNION PACIFIC CORP | UNP | 322,510 | -55,500 | 49,755,000 | -4,076,000 | $154.27 |
| 03/31/2013 | UNION PACIFIC CORP | UNP | 378,010 | 52,980 | 53,831,000 | 12,964,000 | $142.41 |
| 12/31/2012 | UNION PACIFIC CORP | UNP | 325,030 | 105,980 | 40,867,000 | 14,867,000 | $125.73 |
| 09/30/2012 | UNION PACIFIC CORP | UNP | 219,050 | 219,050 | 26,000,000 | 26,000,000 | $118.69 |
| 12/31/2010 | UNION PACIFIC CORP | UNP | 0 | -797,840 | 0 | -65,263,000 | |
| 09/30/2010 | UNION PACIFIC CORP | UNP | 797,840 | 797,840 | 65,263,000 | 65,263,000 | $81.80 |
| 03/31/2004 | UNION PACIFIC CORP | UNP | 0 | -424,975 | 0 | -29,527,000 | |
| 12/31/2003 | UNION PACIFIC CORP | UNP | 424,975 | 424,975 | 29,527,000 | 29,527,000 | $69.48 |
| 09/30/2003 | UNION PACIFIC CORP | UNP | 426,775 | -57,500 | 24,826,000 | -3,272,000 | $58.17 |
| 06/30/2003 | UNION PACIFIC CORP | UNP | 484,275 | 7,800 | 28,098,000 | 1,892,000 | $58.02 |
| 03/31/2003 | UNION PACIFIC CORP | UNP | 476,475 | 113,700 | 26,206,000 | 4,487,000 | $55.00 |
| 12/31/2002 | UNION PACIFIC CORP | UNP | 362,775 | 132,575 | 21,719,000 | 8,397,000 | $59.87 |
| 09/30/2002 | UNION PACIFIC CORP | UNP | 230,200 | 8,750 | 13,322,000 | -691,000 | $57.87 |
| 06/30/2002 | UNION PACIFIC CORP | UNP | 221,450 | 32,800 | 14,013,000 | 2,290,000 | $63.28 |
| 03/31/2002 | UNION PACIFIC CORP | UNP | 188,650 | -1,250 | 11,723,000 | 899,000 | $62.14 |
| 12/31/2001 | UNION PACIFIC CORP | UNP | 189,900 | 12,675 | 10,824,000 | 2,512,000 | $57.00 |
| 09/30/2001 | UNION PACIFIC CORP | UNP | 177,225 | 3,125 | 8,312,000 | -1,248,000 | $46.90 |
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