<SEC-DOCUMENT>0000062996-16-000034.txt : 20160624
<SEC-HEADER>0000062996-16-000034.hdr.sgml : 20160624
<ACCEPTANCE-DATETIME>20160624145032
ACCESSION NUMBER:		0000062996-16-000034
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20151231
FILED AS OF DATE:		20160624
DATE AS OF CHANGE:		20160624

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASCO CORP /DE/
		CENTRAL INDEX KEY:			0000062996
		STANDARD INDUSTRIAL CLASSIFICATION:	MILLWOOD, VENEER, PLYWOOD & STRUCTURAL WOOD MEMBERS [2430]
		IRS NUMBER:				381794485
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05794
		FILM NUMBER:		161730814

	BUSINESS ADDRESS:	
		STREET 1:		21001 VAN BORN RD
		CITY:			TAYLOR
		STATE:			MI
		ZIP:			48180
		BUSINESS PHONE:		3132747400

	MAIL ADDRESS:	
		STREET 1:		21001 VAN BORN ROAD
		CITY:			TAYLOR
		STATE:			MI
		ZIP:			48180

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASCO SCREW PRODUCTS CO
		DATE OF NAME CHANGE:	19731025
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>mas_hourlyx11k.htm
<DESCRIPTION>11-K
<TEXT>
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<div><a name="sA0F9A271E147F3E68474CDB620F30582"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">UNITED STATES </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">Washington, D.C. 20549</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:296px;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td 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style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2d2d2d;">C</font><font style="font-family:inherit;font-size:10pt;color:#1c1c1c;">ommission file number 001-05794</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div 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style="font-family:inherit;font-size:10pt;">Masco Corporation</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21001 Van Born Road</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Taylor, Michigan 48180</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></div><hr style="page-break-after:always"><div><a name="sE461550394D9F7AFECE0CDB62157E5DD"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TABLE OF CONTENTS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:93%;"></td><td style="width:1%;"></td><td style="width:6%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pages</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Report of Independent Registered Public Accounting Firm</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;text-decoration:none;" href="#s09D0424CD3420FE15E13CDB62194DC11">3</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial Statements:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Statements of Net Assets Available for Benefits at December 31, 2015 and 2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;text-decoration:none;" href="#s4BEE58EB292663CC5FFDCDB6203E9865">4</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;text-decoration:none;" href="#sB9CD5481DF16C8740E71CDB62054A291">5</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Notes to Financial Statements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;text-decoration:none;" href="#sA4AFE2497E7DCBA2F914CDB62211387B">6</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Supplemental Schedule:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Schedule H, line 4i - Schedule of Assets (Held at End of Year)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;text-decoration:none;" href="#s4E9509F7AC6C46F72A50CDB624549072">12</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Note: Other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable. </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></div><hr style="page-break-after:always"><div><a name="s09D0424CD3420FE15E13CDB62194DC11"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Report of Independent Registered Public Accounting Firm</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">To the Trustee and Participants of</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">Masco Corporation Hourly 401(k) Plan</font></div><div style="line-height:120%;padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">We have audited the accompanying statements of net assets available for benefit</font><font style="font-family:inherit;font-size:10pt;color:#080808;">s </font><font style="font-family:inherit;font-size:10pt;color:#212121;">of Masco Corpo</font><font style="font-family:inherit;font-size:10pt;color:#080808;">r</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ation Hourly 401(k) Plan (the "Plan") as of </font><font style="font-family:inherit;font-size:10pt;color:#212121;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#212121;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#212121;">2014</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">and the related statement of changes in net assets available for benefits for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#212121;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#212121;">. These financial statements are the responsibility of the Plan</font><font style="font-family:inherit;font-size:10pt;color:#080808;">'</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s mana</font><font style="font-family:inherit;font-size:10pt;color:#080808;">g</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ement</font><font style="font-family:inherit;font-size:10pt;color:#080808;">. </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Our responsibility is to express an opinion on these finan</font><font style="font-family:inherit;font-size:10pt;color:#080808;">ci</font><font style="font-family:inherit;font-size:10pt;color:#212121;">al stat</font><font style="font-family:inherit;font-size:10pt;color:#080808;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ments based on our aud</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ts</font><font style="font-family:inherit;font-size:10pt;color:#080808;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">We conducted our audits in accordance with the standards of the Public Company Acco</font><font style="font-family:inherit;font-size:10pt;color:#080808;">u</font><font style="font-family:inherit;font-size:10pt;color:#212121;">nting Oversight Boa</font><font style="font-family:inherit;font-size:10pt;color:#080808;">r</font><font style="font-family:inherit;font-size:10pt;color:#212121;">d (United States). T</font><font style="font-family:inherit;font-size:10pt;color:#080808;">h</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ose standards require that we plan </font><font style="font-family:inherit;font-size:10pt;color:#080808;">a</font><font style="font-family:inherit;font-size:10pt;color:#212121;">nd perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;color:#212121;">the Plan</font><font style="font-family:inherit;font-size:10pt;color:#080808;">'</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s interna</font><font style="font-family:inherit;font-size:10pt;color:#080808;">l </font><font style="font-family:inherit;font-size:10pt;color:#212121;">control over financia</font><font style="font-family:inherit;font-size:10pt;color:#080808;">l </font><font style="font-family:inherit;font-size:10pt;color:#212121;">reporting</font><font style="font-family:inherit;font-size:10pt;color:#080808;">. </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Our audit</font><font style="font-family:inherit;font-size:10pt;color:#080808;">s </font><font style="font-family:inherit;font-size:10pt;color:#212121;">included cons</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">derati</font><font style="font-family:inherit;font-size:10pt;color:#080808;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">n of internal control over financia</font><font style="font-family:inherit;font-size:10pt;color:#080808;">l </font><font style="font-family:inherit;font-size:10pt;color:#212121;">reporting as a basis fo</font><font style="font-family:inherit;font-size:10pt;color:#080808;">r </font><font style="font-family:inherit;font-size:10pt;color:#212121;">design</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ng audit procedures that are appropriate in the ci</font><font style="font-family:inherit;font-size:10pt;color:#080808;">r</font><font style="font-family:inherit;font-size:10pt;color:#212121;">cumstances, but not for the purpose of expressing an opin</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">on on the effectiveness of the Plan</font><font style="font-family:inherit;font-size:10pt;color:#080808;">'</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s internal control over financ</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">al reporting</font><font style="font-family:inherit;font-size:10pt;color:#080808;">. </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Accordingly</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">we express no such opinion</font><font style="font-family:inherit;font-size:10pt;color:#080808;">. </font><font style="font-family:inherit;font-size:10pt;color:#212121;">An audit al</font><font style="font-family:inherit;font-size:10pt;color:#080808;">s</font><font style="font-family:inherit;font-size:10pt;color:#212121;">o includes exam</font><font style="font-family:inherit;font-size:10pt;color:#080808;">in</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ing</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">on a t</font><font style="font-family:inherit;font-size:10pt;color:#080808;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">st basis</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">evidence supporting the amounts and disclosures in the financial statements</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">assessing the accounting principles used and s</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">gnificant estimates made by management</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">as well as evaluating the overall financial statement pres</font><font style="font-family:inherit;font-size:10pt;color:#080808;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ntation</font><font style="font-family:inherit;font-size:10pt;color:#080808;">. </font><font style="font-family:inherit;font-size:10pt;color:#212121;">We believe that our audits provide a reasonable basis for our opin</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">on</font><font style="font-family:inherit;font-size:10pt;color:#080808;">.</font></div><div style="line-height:120%;padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">In our opinion</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">the financial statements referred to above present fair</font><font style="font-family:inherit;font-size:10pt;color:#080808;">l</font><font style="font-family:inherit;font-size:10pt;color:#212121;">y</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">in al</font><font style="font-family:inherit;font-size:10pt;color:#080808;">l </font><font style="font-family:inherit;font-size:10pt;color:#212121;">material respects</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">the net assets available fo</font><font style="font-family:inherit;font-size:10pt;color:#080808;">r </font><font style="font-family:inherit;font-size:10pt;color:#212121;">benefits of Masco Corporat</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">on Hourly 401(</font><font style="font-family:inherit;font-size:10pt;color:#080808;">k</font><font style="font-family:inherit;font-size:10pt;color:#212121;">) P</font><font style="font-family:inherit;font-size:10pt;color:#080808;">l</font><font style="font-family:inherit;font-size:10pt;color:#212121;">an as of </font><font style="font-family:inherit;font-size:10pt;color:#212121;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#212121;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#212121;">2014</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">and the changes in net asset</font><font style="font-family:inherit;font-size:10pt;color:#080808;">s </font><font style="font-family:inherit;font-size:10pt;color:#212121;">avail</font><font style="font-family:inherit;font-size:10pt;color:#080808;">ab</font><font style="font-family:inherit;font-size:10pt;color:#212121;">le </font><font style="font-family:inherit;font-size:10pt;color:#080808;">f</font><font style="font-family:inherit;font-size:10pt;color:#212121;">or benefits for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#212121;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#212121;">&#32;in conformity with accounting principles generally accepted in the United States of America</font><font style="font-family:inherit;font-size:10pt;color:#080808;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">The </font><font style="font-family:inherit;font-size:10pt;color:#080808;">s</font><font style="font-family:inherit;font-size:10pt;color:#212121;">upplem</font><font style="font-family:inherit;font-size:10pt;color:#080808;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ntal </font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">nformation in the accompanying schedule</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Schedule H</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Line 4i</font><font style="font-family:inherit;font-size:10pt;color:#080808;">&#173; </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Schedule of Assets (Held at End of Year) as of </font><font style="font-family:inherit;font-size:10pt;color:#212121;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#212121;">&#32;has been subjected to aud</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">t procedures performed in conjunction with the audit of Masco Corporation Hourly 401(k) Plan</font><font style="font-family:inherit;font-size:10pt;color:#080808;">'</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s fin</font><font style="font-family:inherit;font-size:10pt;color:#080808;">a</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ncial statements.  The supplement</font><font style="font-family:inherit;font-size:10pt;color:#080808;">al </font><font style="font-family:inherit;font-size:10pt;color:#212121;">information is pre</font><font style="font-family:inherit;font-size:10pt;color:#080808;">s</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ented for purp</font><font style="font-family:inherit;font-size:10pt;color:#080808;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ses o</font><font style="font-family:inherit;font-size:10pt;color:#080808;">f </font><font style="font-family:inherit;font-size:10pt;color:#212121;">addit</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">onal analysis and is not a requi</font><font style="font-family:inherit;font-size:10pt;color:#080808;">r</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ed part of the basic finan</font><font style="font-family:inherit;font-size:10pt;color:#080808;">c</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ial statements but include supplemental info</font><font style="font-family:inherit;font-size:10pt;color:#080808;">r</font><font style="font-family:inherit;font-size:10pt;color:#212121;">mation required by the Department of Labor</font><font style="font-family:inherit;font-size:10pt;color:#080808;">'</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s Rules and Regulations fo</font><font style="font-family:inherit;font-size:10pt;color:#080808;">r </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Reporting and Disclosure under the Employee Retirement Income Security Act of 1974</font><font style="font-family:inherit;font-size:10pt;color:#080808;">. </font><font style="font-family:inherit;font-size:10pt;color:#212121;">The supplementary information is the respon</font><font style="font-family:inherit;font-size:10pt;color:#080808;">s</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ibilit</font><font style="font-family:inherit;font-size:10pt;color:#080808;">y </font><font style="font-family:inherit;font-size:10pt;color:#212121;">of the </font><font style="font-family:inherit;font-size:10pt;color:#080808;">P</font><font style="font-family:inherit;font-size:10pt;color:#212121;">lan</font><font style="font-family:inherit;font-size:10pt;color:#080808;">'</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s management</font><font style="font-family:inherit;font-size:10pt;color:#080808;">.  </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Our audit procedures included determining whether the supplemental information reconciles </font><font style="font-family:inherit;font-size:10pt;color:#080808;">t</font><font style="font-family:inherit;font-size:10pt;color:#212121;">o the basic financial statements or the unde</font><font style="font-family:inherit;font-size:10pt;color:#080808;">rl</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ying accounting and other records</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">as applicable</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">and performing procedures to test the completeness and acc</font><font style="font-family:inherit;font-size:10pt;color:#080808;">u</font><font style="font-family:inherit;font-size:10pt;color:#212121;">racy of the information presented in the suppleme</font><font style="font-family:inherit;font-size:10pt;color:#080808;">n</font><font style="font-family:inherit;font-size:10pt;color:#212121;">tal info</font><font style="font-family:inherit;font-size:10pt;color:#080808;">r</font><font style="font-family:inherit;font-size:10pt;color:#212121;">mation</font><font style="font-family:inherit;font-size:10pt;color:#080808;">.  </font><font style="font-family:inherit;font-size:10pt;color:#212121;">In forming our opinion on the s</font><font style="font-family:inherit;font-size:10pt;color:#080808;">u</font><font style="font-family:inherit;font-size:10pt;color:#212121;">pplemental information in the accompanying schedule</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">we evaluated whether the supplemental information</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">includ</font><font style="font-family:inherit;font-size:10pt;color:#080808;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ng its form and content</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirem</font><font style="font-family:inherit;font-size:10pt;color:#080808;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">nt In</font><font style="font-family:inherit;font-size:10pt;color:#080808;">co</font><font style="font-family:inherit;font-size:10pt;color:#212121;">me Secu</font><font style="font-family:inherit;font-size:10pt;color:#080808;">r</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ity Ac</font><font style="font-family:inherit;font-size:10pt;color:#080808;">t </font><font style="font-family:inherit;font-size:10pt;color:#212121;">of 1974. In our opinion</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">the supplemental information referred to above is fairly stated</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">in all material respects</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">in relation to the basic financial statements taken as a whole</font><font style="font-family:inherit;font-size:10pt;color:#080808;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">/s/ Grant Thornton LLP  </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">Southfield</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Michigan</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">Jun</font><font style="font-family:inherit;font-size:10pt;color:#080808;">e </font><font style="font-family:inherit;font-size:10pt;color:#212121;">24</font><font style="font-family:inherit;font-size:10pt;color:#080808;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">2016</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></div><hr style="page-break-after:always"><div><a name="s4BEE58EB292663CC5FFDCDB6203E9865"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;and </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:70%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ASSETS</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investments, at fair value:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective trust funds</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,197,069</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual funds</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,128,548</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">183,196,798</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock funds</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,003,670</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,240,428</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Brokerage account</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">368,145</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">305,828</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total investments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,697,432</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">185,743,054</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Receivables:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Notes receivable from participants</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,261,140</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,691,845</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Participant contributions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">126</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">114,033</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employer contributions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,509,825</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,107</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total receivables</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,771,091</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,873,985</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Assets Available for Benefits</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">229,468,523</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">197,617,039</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#262626;">The </font><font style="font-family:inherit;font-size:10pt;color:#151515;">acco</font><font style="font-family:inherit;font-size:10pt;color:#262626;">mpanying notes a</font><font style="font-family:inherit;font-size:10pt;color:#151515;">re </font><font style="font-family:inherit;font-size:10pt;color:#262626;">an integr</font><font style="font-family:inherit;font-size:10pt;color:#151515;">al </font><font style="font-family:inherit;font-size:10pt;color:#262626;">part o</font><font style="font-family:inherit;font-size:10pt;color:#151515;">f t</font><font style="font-family:inherit;font-size:10pt;color:#262626;">he financial stat</font><font style="font-family:inherit;font-size:10pt;color:#151515;">e</font><font style="font-family:inherit;font-size:10pt;color:#262626;">m</font><font style="font-family:inherit;font-size:10pt;color:#151515;">e</font><font style="font-family:inherit;font-size:10pt;color:#262626;">n</font><font style="font-family:inherit;font-size:10pt;color:#151515;">ts</font><font style="font-family:inherit;font-size:10pt;color:#040404;">.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4</font></div></div><hr style="page-break-after:always"><div><a name="sB9CD5481DF16C8740E71CDB62054A291"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:85%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment activity:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net depreciation in fair value of investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,997,861</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest and dividend income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,627,108</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total investment activity</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">629,247</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Participant contributions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,393,604</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Participant rollover contributions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">412,677</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employer contributions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,108,883</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income on notes receivable from participants </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">519,052</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total additions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,063,463</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deductions:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Benefit payments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,145,990</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other, net</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(39,905</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total deductions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,185,895</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transfers:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net transfers into the Plan (Note A)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,973,916</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net increase</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,851,484</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net assets available for benefits:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">197,617,039</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">End of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">229,468,523</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">The accompa</font><font style="font-family:inherit;font-size:10pt;color:#333333;">nying note</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s are an i</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ntegral pa</font><font 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style="page-break-after:always"><div><a name="sf7781a1ea5d6476b931bdc0154c70585"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sA4AFE2497E7DCBA2F914CDB62211387B"></a></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font 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At December 31, 2015, profit sharing employer contributions receivable totaled $3,470,733.</font></div><div style="line-height:120%;text-align:left;padding-left:72px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:72px;text-align:left;text-indent:0px;"><font style="text-align:left;font-family:inherit;font-size:10pt;color:#181818;padding-right:24px;">3.</font><font style="font-family:inherit;font-size:10pt;color:#181818;font-style:italic;">P</font><font style="font-family:inherit;font-size:10pt;color:#282828;font-style:italic;">a</font><font style="font-family:inherit;font-size:10pt;color:#181818;font-style:italic;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;font-style:italic;">ticipa</font><font style="font-family:inherit;font-size:10pt;color:#383838;font-style:italic;">nt </font><font style="font-family:inherit;font-size:10pt;color:#282828;font-style:italic;">A</font><font 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style="font-family:inherit;font-size:10pt;color:#282828;">s fo</font><font style="font-family:inherit;font-size:10pt;color:#181818;">r </font><font style="font-family:inherit;font-size:10pt;color:#282828;">special </font><font style="font-family:inherit;font-size:10pt;color:#181818;">ser</font><font style="font-family:inherit;font-size:10pt;color:#282828;">v</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ces re</font><font style="font-family:inherit;font-size:10pt;color:#181818;">l</font><font style="font-family:inherit;font-size:10pt;color:#282828;">a</font><font style="font-family:inherit;font-size:10pt;color:#181818;">tin</font><font style="font-family:inherit;font-size:10pt;color:#282828;">g </font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#282828;">o </font><font 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style="font-family:inherit;font-size:10pt;color:#181818;">e</font><font style="font-family:inherit;font-size:10pt;color:#383838;">c</font><font style="font-family:inherit;font-size:10pt;color:#282828;">tly to the </font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">n</font><font style="font-family:inherit;font-size:10pt;color:#181818;">di</font><font style="font-family:inherit;font-size:10pt;color:#282828;">vidual part</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">c</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">pa</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n</font><font style="font-family:inherit;font-size:10pt;color:#282828;">t</font><font style="font-family:inherit;font-size:10pt;color:#050505;">'</font><font style="font-family:inherit;font-size:10pt;color:#181818;">s </font><font style="font-family:inherit;font-size:10pt;color:#282828;">account</font><font style="font-family:inherit;font-size:10pt;color:#050505;">. </font><font style="font-family:inherit;font-size:10pt;color:#181818;">T</font><font style="font-family:inherit;font-size:10pt;color:#282828;">he ben</font><font style="font-family:inherit;font-size:10pt;color:#181818;">efit to wh</font><font style="font-family:inherit;font-size:10pt;color:#282828;">i</font><font style="font-family:inherit;font-size:10pt;color:#383838;">c</font><font style="font-family:inherit;font-size:10pt;color:#282828;">h a </font><font style="font-family:inherit;font-size:10pt;color:#181818;">pa</font><font style="font-family:inherit;font-size:10pt;color:#050505;">r</font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#050505;">i</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ci</font><font style="font-family:inherit;font-size:10pt;color:#282828;">pant </font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">s entitl</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ed </font><font style="font-family:inherit;font-size:10pt;color:#282828;">is the be</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ef</font><font style="font-family:inherit;font-size:10pt;color:#181818;">it th</font><font style="font-family:inherit;font-size:10pt;color:#282828;">a</font><font style="font-family:inherit;font-size:10pt;color:#181818;">t </font><font style="font-family:inherit;font-size:10pt;color:#282828;">can be prov</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">d</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ed fr</font><font style="font-family:inherit;font-size:10pt;color:#282828;">om the p</font><font style="font-family:inherit;font-size:10pt;color:#181818;">articipa</font><font style="font-family:inherit;font-size:10pt;color:#282828;">nt</font><font style="font-family:inherit;font-size:10pt;color:#050505;">'</font><font style="font-family:inherit;font-size:10pt;color:#282828;">s </font><font style="font-family:inherit;font-size:10pt;color:#383838;">v</font><font style="font-family:inherit;font-size:10pt;color:#282828;">es</font><font style="font-family:inherit;font-size:10pt;color:#383838;">te</font><font style="font-family:inherit;font-size:10pt;color:#282828;">d account</font><font style="font-family:inherit;font-size:10pt;color:#050505;">.</font></div><div 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style="font-family:inherit;font-size:10pt;color:#383838;">2014</font><font style="font-family:inherit;font-size:10pt;color:#050505;">, </font><font style="font-family:inherit;font-size:10pt;color:#383838;">f</font><font style="font-family:inherit;font-size:10pt;color:#282828;">orfe</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ited non</font><font style="font-family:inherit;font-size:10pt;color:#282828;">vested e</font><font style="font-family:inherit;font-size:10pt;color:#181818;">mployer </font><font style="font-family:inherit;font-size:10pt;color:#282828;">contribu</font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ions tot</font><font style="font-family:inherit;font-size:10pt;color:#181818;">a</font><font style="font-family:inherit;font-size:10pt;color:#050505;">l</font><font style="font-family:inherit;font-size:10pt;color:#282828;">e</font><font style="font-family:inherit;font-size:10pt;color:#181818;">d </font><font style="font-family:inherit;font-size:10pt;color:#282828;">$218,221</font><font style="font-family:inherit;font-size:10pt;color:#282828;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#282828;">$34,769</font><font style="font-family:inherit;font-size:10pt;color:#050505;">, </font><font style="font-family:inherit;font-size:10pt;color:#181818;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">espec</font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ively</font><font style="font-family:inherit;font-size:10pt;color:#050505;">. </font><font style="font-family:inherit;font-size:10pt;color:#181818;">All forfeit</font><font style="font-family:inherit;font-size:10pt;color:#282828;">e</font><font style="font-family:inherit;font-size:10pt;color:#181818;">d amoun</font><font 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style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ch inst</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">u</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ctions </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">were </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ec</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ei</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">v</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ed fr</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">m pa</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">r</font><font 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style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">i</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;font-style:italic;">v</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">a</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;font-style:italic;">ble from P</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">arti</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;font-style:italic;">c</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">i</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;font-style:italic;">pants</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">. </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">Gen</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">erally, par</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">tic</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">pant</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">s may borrow fr</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">m their accoun</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">t a </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">m</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">in</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">m</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">u</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">m </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">of </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">$</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">1</font><font style="font-family:inherit;font-size:10pt;color:#020202;">,</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">0</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">0</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">0 up t</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">o </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">a </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">m</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">axim</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">u</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">m </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">eq</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">u</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">al t</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">o the lesser of $50,000 or 5</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">0 </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">perc</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ent o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">f their </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ves</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">e</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">d ac</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">co</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">unt bala</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">nce at </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">th</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">e t</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ime of the loan</font><font style="font-family:inherit;font-size:10pt;color:#020202;">. </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">Loan terms g</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">en</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">e</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">rally </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">range fr</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">om</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">1-</font><font style="font-family:inherit;font-size:9pt;color:#2f2f2f;">5</font><font style="font-family:inherit;font-size:9pt;color:#2f2f2f;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ye</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ars, or up </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">to 15 yea</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">rs in lim</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ite</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">d circumstance</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">s</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">. </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">The </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">loans a</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">re  co</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ll</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ate</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">rali</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">z</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ed b</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">y the </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">b</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">al</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ance in </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">t</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">h</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">e </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">participant</font><font style="font-family:inherit;font-size:10pt;color:#020202;">'</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">s account </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">a</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">n</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">d ge</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">n</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">era</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">lly bear inte</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">rest at </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">a </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">e equa</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">l to the </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">Prime R</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">a</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">t</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">e on t</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">he la</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">s</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">t bus</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">n</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ess da</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">y of </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">he month </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">pri</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">or to the </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">da</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">te o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">f the l</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">oa</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">n </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">pplicati</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">on</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">. </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">Princip</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">al a</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">n</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">d </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">interest ar</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">e pai</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">d ratably t</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">h</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">rou</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">g</font><font 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style="line-height:120%;padding-left:72px;text-align:left;"><font style="text-align:left;font-family:inherit;font-size:10pt;color:#020202;padding-right:24px;">7.</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">Pay</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;font-style:italic;">m</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">e</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;font-style:italic;">nt of </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">Be</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;font-style:italic;">nefit</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">s. </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">G</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">e</font><font 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style="font-family:inherit;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">t</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">cip</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">a</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">nt </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">may elect t</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">o </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">receive an a</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">mo</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">un</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">t e</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">qual to the </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">va</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">l</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">u</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">e </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">of th</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">e partici</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">pant</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">'</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">s ve</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">sted interest in his or her a</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">c</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">c</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">u</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">nt i</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">n either a single </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">l</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ump-sum amoun</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">t o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">r in </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">an</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">nual installment</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">s </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">over a peri</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">d n</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">t </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">to </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">exceed fi</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">v</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">e </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ye</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ar</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">s.  </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">In</font><font style="font-family:inherit;font-size:10pt;color:#020202;">-</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ser</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">v</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">c</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">e </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">an</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">d h</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">rdship withdrawa</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ls </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">are distrib</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">uted in a </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">s</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">i</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ngle p</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ayment</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS, Continued</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF PLAN (Concluded)</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:72px;text-align:left;"><font style="text-align:left;font-family:inherit;font-size:10pt;color:#020202;padding-right:24px;">8.</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">Transfe</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;font-style:italic;">r</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;font-style:italic;">s. </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">On March 20, 2015</font><font style="font-family:inherit;font-size:10pt;color:#040404;">, </font><font style="font-family:inherit;font-size:10pt;color:#181818;">certai</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">n participants</font><font style="font-family:inherit;font-size:10pt;color:#040404;">' </font><font style="font-family:inherit;font-size:10pt;color:#181818;">a</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ccounts of </font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">he Ma</font><font style="font-family:inherit;font-size:10pt;color:#181818;">sco Corpora</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">tion Fut</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ure Ser</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">v</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ce P</font><font style="font-family:inherit;font-size:10pt;color:#181818;">r</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ofit Sh</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ari</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ng  P</font><font style="font-family:inherit;font-size:10pt;color:#181818;">l</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">an and Masco Corpora</font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ion M</font><font style="font-family:inherit;font-size:10pt;color:#181818;">aster Defi</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ned Cont</font><font style="font-family:inherit;font-size:10pt;color:#181818;">r</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">i</font><font style="font-family:inherit;font-size:10pt;color:#181818;">butio</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">n Plan were mer</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ge</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">d into the P</font><font style="font-family:inherit;font-size:10pt;color:#181818;">l</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">a</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n</font><font style="font-family:inherit;font-size:10pt;color:#040404;">. </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Pa</font><font style="font-family:inherit;font-size:10pt;color:#181818;">r</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">t</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">c</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">pants </font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">n </font><font style="font-family:inherit;font-size:10pt;color:#181818;">the </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Masco Corpo</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ratio</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">n Future Servic</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e Pr</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ofit Sharing P</font><font style="font-family:inherit;font-size:10pt;color:#181818;">l</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">an and Masco Corporat</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">on Maste</font><font style="font-family:inherit;font-size:10pt;color:#181818;">r </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Defined </font><font style="font-family:inherit;font-size:10pt;color:#181818;">C</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ontribut</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">on Plan b</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">c</font><font style="font-family:inherit;font-size:10pt;color:#181818;">a</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">me participants in the P</font><font style="font-family:inherit;font-size:10pt;color:#181818;">l</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">an</font><font style="font-family:inherit;font-size:10pt;color:#040404;">. As a result of the merger, transfers of net assets into the Plan totaled $82,338,309. On June 30, 2015, the Company completed the spin off of its Installation and Other Services business into an independent, publicly-traded company named TopBuild Corp. ("TopBuild") through a tax-free distribution of the stock of TopBuild to the Company's stockholders. </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Upo</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n TopBu</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ild</font><font style="font-family:inherit;font-size:10pt;color:#040404;">'</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">s sepa</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ration f</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">rom the Company</font><font style="font-family:inherit;font-size:10pt;color:#040404;">, </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">certain part</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">cip</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ant</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">s</font><font style="font-family:inherit;font-size:10pt;color:#040404;">' </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">account balanc</font><font style="font-family:inherit;font-size:10pt;color:#181818;">es </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">were trans</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ferred </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">out of the Plan </font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">nto a newly create</font><font style="font-family:inherit;font-size:10pt;color:#181818;">d </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">p</font><font style="font-family:inherit;font-size:10pt;color:#181818;">la</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">n for TopBuild em</font><font style="font-family:inherit;font-size:10pt;color:#181818;">p</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">loyees</font><font style="font-family:inherit;font-size:10pt;color:#181818;">. As a result of the spin off, transfers of net assets out of the Plan totaled $55,101,229. During 2015, other transfers of net assets into the Plan totaled $736,836. </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">Total transf</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ers o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">f net ass</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">et</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">s into th</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">e </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">Plan am</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">un</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">ted </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">o </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">$27,973,916</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">&#32;f</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">r </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">the ye</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ar ended </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">.</font></div><div><a name="s0686740FEC658B8AB7DDCDB62059733A"></a></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">S</font><font style="font-family:inherit;font-size:10pt;color:#020202;font-weight:bold;">UMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></div></td></tr></table><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">T</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">he following i</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">s a summ</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ar</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">y </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">of sig</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">n</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">fic</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">a</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">nt acco</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">u</font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">nt</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">ing </font><font style="font-family:inherit;font-size:10pt;color:#2f2f2f;">po</font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">li</font><font 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style="font-family:inherit;font-size:10pt;color:#282828;">ue as dete</font><font style="font-family:inherit;font-size:10pt;color:#171717;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">min</font><font style="font-family:inherit;font-size:10pt;color:#171717;">e</font><font style="font-family:inherit;font-size:10pt;color:#282828;">d by Fide</font><font style="font-family:inherit;font-size:10pt;color:#171717;">lit</font><font style="font-family:inherit;font-size:10pt;color:#282828;">y Pric</font><font style="font-family:inherit;font-size:10pt;color:#171717;">ing a</font><font style="font-family:inherit;font-size:10pt;color:#282828;">nd Ca</font><font style="font-family:inherit;font-size:10pt;color:#171717;">sh M</font><font style="font-family:inherit;font-size:10pt;color:#282828;">anagem</font><font style="font-family:inherit;font-size:10pt;color:#171717;">ent </font><font style="font-family:inherit;font-size:10pt;color:#282828;">Servic</font><font style="font-family:inherit;font-size:10pt;color:#171717;">es</font><font style="font-family:inherit;font-size:10pt;color:#040404;">, </font><font style="font-family:inherit;font-size:10pt;color:#282828;">Inc</font><font style="font-family:inherit;font-size:10pt;color:#171717;">. Mutual funds and common stock are valued </font><font style="font-family:inherit;font-size:10pt;color:#282828;">u</font><font style="font-family:inherit;font-size:10pt;color:#171717;">s</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ing quoted market p</font><font style="font-family:inherit;font-size:10pt;color:#171717;">ri</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ces at </font><font style="font-family:inherit;font-size:10pt;color:#171717;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#171717;">&#32;</font><font style="font-family:inherit;font-size:10pt;color:#282828;">a</font><font style="font-family:inherit;font-size:10pt;color:#171717;">nd </font><font style="font-family:inherit;font-size:10pt;color:#282828;">2014</font><font style="font-family:inherit;font-size:10pt;color:#171717;">. The fair values of the collective trust funds are determined on a daily basis by the Trustee using the net asset value ("NAV") of units held of the funds. The NAV is based on the fair value of the underlying investments held by each collective trust fund less its liabilities. </font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#171717;">I</font><font style="font-family:inherit;font-size:10pt;color:#282828;">n</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:inherit;font-size:10pt;color:#282828;">es</font><font style="font-family:inherit;font-size:10pt;color:#171717;">tm</font><font style="font-family:inherit;font-size:10pt;color:#282828;">e</font><font style="font-family:inherit;font-size:10pt;color:#171717;">nt </font><font style="font-family:inherit;font-size:10pt;color:#282828;">transact</font><font style="font-family:inherit;font-size:10pt;color:#171717;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ons are r</font><font style="font-family:inherit;font-size:10pt;color:#171717;">e</font><font style="font-family:inherit;font-size:10pt;color:#282828;">fle</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">c</font><font style="font-family:inherit;font-size:10pt;color:#282828;">te</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">d </font><font style="font-family:inherit;font-size:10pt;color:#282828;">on a </font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">t</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ra</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">d</font><font style="font-family:inherit;font-size:10pt;color:#282828;">e</font><font style="font-family:inherit;font-size:10pt;color:#040404;">-</font><font style="font-family:inherit;font-size:10pt;color:#282828;">d</font><font style="font-family:inherit;font-size:10pt;color:#171717;">a</font><font style="font-family:inherit;font-size:10pt;color:#282828;">te ba</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">si</font><font style="font-family:inherit;font-size:10pt;color:#282828;">s</font><font style="font-family:inherit;font-size:10pt;color:#171717;">. </font><font style="font-family:inherit;font-size:10pt;color:#282828;">Interest inc</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">o</font><font style="font-family:inherit;font-size:10pt;color:#282828;">me i</font><font style="font-family:inherit;font-size:10pt;color:#171717;">s </font><font style="font-family:inherit;font-size:10pt;color:#282828;">recogni</font><font style="font-family:inherit;font-size:10pt;color:#171717;">ze</font><font style="font-family:inherit;font-size:10pt;color:#282828;">d on the accrua</font><font style="font-family:inherit;font-size:10pt;color:#171717;">l </font><font style="font-family:inherit;font-size:10pt;color:#282828;">ba</font><font style="font-family:inherit;font-size:10pt;color:#171717;">si</font><font style="font-family:inherit;font-size:10pt;color:#282828;">s of accounting</font><font style="font-family:inherit;font-size:10pt;color:#171717;">. </font><font style="font-family:inherit;font-size:10pt;color:#282828;">Div</font><font style="font-family:inherit;font-size:10pt;color:#171717;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">dend income is reco</font><font style="font-family:inherit;font-size:10pt;color:#171717;">rde</font><font style="font-family:inherit;font-size:10pt;color:#282828;">d on th</font><font style="font-family:inherit;font-size:10pt;color:#171717;">e e</font><font style="font-family:inherit;font-size:10pt;color:#282828;">x</font><font style="font-family:inherit;font-size:10pt;color:#040404;">-</font><font style="font-family:inherit;font-size:10pt;color:#282828;">div</font><font style="font-family:inherit;font-size:10pt;color:#171717;">id</font><font style="font-family:inherit;font-size:10pt;color:#040404;">e</font><font style="font-family:inherit;font-size:10pt;color:#171717;">nd </font><font style="font-family:inherit;font-size:10pt;color:#282828;">da</font><font style="font-family:inherit;font-size:10pt;color:#171717;">t</font><font style="font-family:inherit;font-size:10pt;color:#282828;">e</font><font style="font-family:inherit;font-size:10pt;color:#171717;">. </font><font style="font-family:inherit;font-size:10pt;color:#282828;">Income </font><font style="font-family:inherit;font-size:10pt;color:#171717;">f</font><font style="font-family:inherit;font-size:10pt;color:#282828;">rom othe</font><font style="font-family:inherit;font-size:10pt;color:#171717;">r </font><font style="font-family:inherit;font-size:10pt;color:#282828;">sec</font><font style="font-family:inherit;font-size:10pt;color:#171717;">uri</font><font style="font-family:inherit;font-size:10pt;color:#282828;">t</font><font style="font-family:inherit;font-size:10pt;color:#171717;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">e</font><font style="font-family:inherit;font-size:10pt;color:#171717;">s i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">s </font><font style="font-family:inherit;font-size:10pt;color:#171717;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">eco</font><font style="font-family:inherit;font-size:10pt;color:#171717;">rde</font><font style="font-family:inherit;font-size:10pt;color:#282828;">d as e</font><font style="font-family:inherit;font-size:10pt;color:#171717;">arned </font><font style="font-family:inherit;font-size:10pt;color:#282828;">on </font><font style="font-family:inherit;font-size:10pt;color:#171717;">a</font><font style="font-family:inherit;font-size:10pt;color:#040404;">n </font><font style="font-family:inherit;font-size:10pt;color:#282828;">accrual </font><font style="font-family:inherit;font-size:10pt;color:#171717;">bas</font><font style="font-family:inherit;font-size:10pt;color:#282828;">is</font><font style="font-family:inherit;font-size:10pt;color:#171717;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#282828;">The Plan p</font><font style="font-family:inherit;font-size:10pt;color:#171717;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">esents in the stat</font><font style="font-family:inherit;font-size:10pt;color:#171717;">e</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ment </font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">of </font><font style="font-family:inherit;font-size:10pt;color:#282828;">ch</font><font style="font-family:inherit;font-size:10pt;color:#171717;">a</font><font style="font-family:inherit;font-size:10pt;color:#282828;">nges i</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">n </font><font style="font-family:inherit;font-size:10pt;color:#282828;">n</font><font style="font-family:inherit;font-size:10pt;color:#171717;">e</font><font style="font-family:inherit;font-size:10pt;color:#282828;">t assets available for benef</font><font style="font-family:inherit;font-size:10pt;color:#171717;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ts </font><font style="font-family:inherit;font-size:10pt;color:#171717;">t</font><font style="font-family:inherit;font-size:10pt;color:#282828;">he ne</font><font style="font-family:inherit;font-size:10pt;color:#171717;">t a</font><font style="font-family:inherit;font-size:10pt;color:#282828;">pprec</font><font style="font-family:inherit;font-size:10pt;color:#171717;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">at</font><font style="font-family:inherit;font-size:10pt;color:#171717;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">o</font><font style="font-family:inherit;font-size:10pt;color:#171717;">n </font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">(</font><font style="font-family:inherit;font-size:10pt;color:#282828;">depreciati</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">o</font><font style="font-family:inherit;font-size:10pt;color:#282828;">n</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">) </font><font style="font-family:inherit;font-size:10pt;color:#282828;">in the fair v</font><font style="font-family:inherit;font-size:10pt;color:#171717;">a</font><font style="font-family:inherit;font-size:10pt;color:#282828;">lue </font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">o</font><font style="font-family:inherit;font-size:10pt;color:#282828;">f it</font><font style="font-family:inherit;font-size:10pt;color:#171717;">s </font><font style="font-family:inherit;font-size:10pt;color:#282828;">in</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:inherit;font-size:10pt;color:#282828;">estm</font><font style="font-family:inherit;font-size:10pt;color:#171717;">e</font><font style="font-family:inherit;font-size:10pt;color:#282828;">nts</font><font style="font-family:inherit;font-size:10pt;color:#040404;">, </font><font style="font-family:inherit;font-size:10pt;color:#282828;">which consist</font><font style="font-family:inherit;font-size:10pt;color:#171717;">s </font><font style="font-family:inherit;font-size:10pt;color:#282828;">of the rea</font><font style="font-family:inherit;font-size:10pt;color:#171717;">li</font><font style="font-family:inherit;font-size:10pt;color:#282828;">zed ga</font><font style="font-family:inherit;font-size:10pt;color:#171717;">in</font><font style="font-family:inherit;font-size:10pt;color:#282828;">s or losses and the un</font><font style="font-family:inherit;font-size:10pt;color:#171717;">rea</font><font style="font-family:inherit;font-size:10pt;color:#282828;">lized a</font><font style="font-family:inherit;font-size:10pt;color:#171717;">ppr</font><font style="font-family:inherit;font-size:10pt;color:#282828;">eciatio</font><font style="font-family:inherit;font-size:10pt;color:#171717;">n (d</font><font style="font-family:inherit;font-size:10pt;color:#282828;">epre</font><font style="font-family:inherit;font-size:10pt;color:#171717;">ci</font><font style="font-family:inherit;font-size:10pt;color:#040404;">a</font><font style="font-family:inherit;font-size:10pt;color:#171717;">ti</font><font style="font-family:inherit;font-size:10pt;color:#282828;">on) of </font><font style="font-family:inherit;font-size:10pt;color:#171717;">th</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ose inve</font><font style="font-family:inherit;font-size:10pt;color:#171717;">s</font><font style="font-family:inherit;font-size:10pt;color:#282828;">tments</font><font style="font-family:inherit;font-size:10pt;color:#171717;">.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#282828;font-weight:bold;">Notes R</font><font style="font-family:inherit;font-size:10pt;color:#171717;font-weight:bold;">ece</font><font style="font-family:inherit;font-size:10pt;color:#282828;font-weight:bold;">ivable f</font><font style="font-family:inherit;font-size:10pt;color:#171717;font-weight:bold;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;font-weight:bold;">om Participan</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;font-weight:bold;">t</font><font style="font-family:inherit;font-size:10pt;color:#282828;font-weight:bold;">s.</font><font style="font-family:inherit;font-size:10pt;color:#282828;">&#32;Notes </font><font style="font-family:inherit;font-size:10pt;color:#171717;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ecei</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ab</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">l</font><font style="font-family:inherit;font-size:10pt;color:#282828;">e f</font><font style="font-family:inherit;font-size:10pt;color:#171717;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">om pa</font><font style="font-family:inherit;font-size:10pt;color:#171717;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">tic</font><font style="font-family:inherit;font-size:10pt;color:#171717;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">pants are measu</font><font style="font-family:inherit;font-size:10pt;color:#171717;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ed at their unp</font><font style="font-family:inherit;font-size:10pt;color:#171717;">a</font><font style="font-family:inherit;font-size:10pt;color:#282828;">id princi</font><font style="font-family:inherit;font-size:10pt;color:#171717;">pa</font><font style="font-family:inherit;font-size:10pt;color:#282828;">l balanc</font><font style="font-family:inherit;font-size:10pt;color:#171717;">e </font><font style="font-family:inherit;font-size:10pt;color:#282828;">p</font><font style="font-family:inherit;font-size:10pt;color:#171717;">l</font><font style="font-family:inherit;font-size:10pt;color:#282828;">us any </font><font style="font-family:inherit;font-size:10pt;color:#171717;">a</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ccrued bu</font><font style="font-family:inherit;font-size:10pt;color:#171717;">t u</font><font style="font-family:inherit;font-size:10pt;color:#282828;">npaid </font><font style="font-family:inherit;font-size:10pt;color:#171717;">in</font><font style="font-family:inherit;font-size:10pt;color:#282828;">tere</font><font style="font-family:inherit;font-size:10pt;color:#171717;">s</font><font style="font-family:inherit;font-size:10pt;color:#282828;">t</font><font style="font-family:inherit;font-size:10pt;color:#171717;">. I</font><font style="font-family:inherit;font-size:10pt;color:#282828;">nterest income is r</font><font style="font-family:inherit;font-size:10pt;color:#171717;">ec</font><font style="font-family:inherit;font-size:10pt;color:#282828;">orded on </font><font style="font-family:inherit;font-size:10pt;color:#171717;">the </font><font style="font-family:inherit;font-size:10pt;color:#282828;">a</font><font style="font-family:inherit;font-size:10pt;color:#3b3b3b;">c</font><font style="font-family:inherit;font-size:10pt;color:#282828;">cru</font><font style="font-family:inherit;font-size:10pt;color:#171717;">al b</font><font style="font-family:inherit;font-size:10pt;color:#282828;">as</font><font style="font-family:inherit;font-size:10pt;color:#171717;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">s</font><font style="font-family:inherit;font-size:10pt;color:#040404;">.  </font><font style="font-family:inherit;font-size:10pt;color:#171717;">De</font><font style="font-family:inherit;font-size:10pt;color:#282828;">linquen</font><font style="font-family:inherit;font-size:10pt;color:#171717;">t </font><font style="font-family:inherit;font-size:10pt;color:#282828;">notes rec</font><font style="font-family:inherit;font-size:10pt;color:#171717;">e</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ivab</font><font style="font-family:inherit;font-size:10pt;color:#171717;">l</font><font style="font-family:inherit;font-size:10pt;color:#282828;">e </font><font style="font-family:inherit;font-size:10pt;color:#171717;">fr</font><font style="font-family:inherit;font-size:10pt;color:#282828;">o</font><font style="font-family:inherit;font-size:10pt;color:#171717;">m </font><font style="font-family:inherit;font-size:10pt;color:#282828;">part</font><font style="font-family:inherit;font-size:10pt;color:#171717;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">c</font><font style="font-family:inherit;font-size:10pt;color:#171717;">ip</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ants ar</font><font style="font-family:inherit;font-size:10pt;color:#171717;">e r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ecorde</font><font style="font-family:inherit;font-size:10pt;color:#171717;">d </font><font style="font-family:inherit;font-size:10pt;color:#040404;">a</font><font style="font-family:inherit;font-size:10pt;color:#171717;">s b</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ene</font><font style="font-family:inherit;font-size:10pt;color:#171717;">fi</font><font style="font-family:inherit;font-size:10pt;color:#040404;">t </font><font style="font-family:inherit;font-size:10pt;color:#282828;">paymen</font><font style="font-family:inherit;font-size:10pt;color:#171717;">ts b</font><font style="font-family:inherit;font-size:10pt;color:#282828;">ased upon the term</font><font style="font-family:inherit;font-size:10pt;color:#171717;">s </font><font style="font-family:inherit;font-size:10pt;color:#282828;">of the P</font><font style="font-family:inherit;font-size:10pt;color:#171717;">la</font><font style="font-family:inherit;font-size:10pt;color:#282828;">n.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#282828;font-weight:bold;">Payment of Benefit</font><font style="font-family:inherit;font-size:10pt;color:#171717;font-weight:bold;">s. </font><font style="font-family:inherit;font-size:10pt;color:#171717;">B</font><font style="font-family:inherit;font-size:10pt;color:#282828;">enef</font><font style="font-family:inherit;font-size:10pt;color:#171717;">i</font><font style="font-family:inherit;font-size:10pt;color:#282828;">t</font><font style="font-family:inherit;font-size:10pt;color:#171717;">s ar</font><font style="font-family:inherit;font-size:10pt;color:#282828;">e </font><font style="font-family:inherit;font-size:10pt;color:#171717;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">eco</font><font style="font-family:inherit;font-size:10pt;color:#171717;">r</font><font style="font-family:inherit;font-size:10pt;color:#282828;">d</font><font style="font-family:inherit;font-size:10pt;color:#171717;">e</font><font style="font-family:inherit;font-size:10pt;color:#282828;">d when p</font><font style="font-family:inherit;font-size:10pt;color:#171717;">a</font><font style="font-family:inherit;font-size:10pt;color:#040404;">i</font><font style="font-family:inherit;font-size:10pt;color:#171717;">d.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS, Continued</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:2px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:232%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:232%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Concluded)</font><font style="font-family:inherit;font-size:10pt;color:#040404;">&#32;</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;font-weight:bold;">Recently Issued </font><font style="font-family:inherit;font-size:10pt;color:#343434;font-weight:bold;">Account</font><font style="font-family:inherit;font-size:10pt;color:#212121;font-weight:bold;">i</font><font style="font-family:inherit;font-size:10pt;color:#343434;font-weight:bold;">n</font><font style="font-family:inherit;font-size:10pt;color:#212121;font-weight:bold;">g Prono</font><font style="font-family:inherit;font-size:10pt;color:#343434;font-weight:bold;">unc</font><font style="font-family:inherit;font-size:10pt;color:#212121;font-weight:bold;">e</font><font style="font-family:inherit;font-size:10pt;color:#343434;font-weight:bold;">me</font><font style="font-family:inherit;font-size:10pt;color:#212121;font-weight:bold;">n</font><font style="font-family:inherit;font-size:10pt;color:#343434;font-weight:bold;">ts.</font><font style="font-family:inherit;font-size:10pt;color:#212121;">&#32;I</font><font style="font-family:inherit;font-size:10pt;color:#343434;">n </font><font style="font-family:inherit;font-size:10pt;color:#212121;">May 2015, th</font><font style="font-family:inherit;font-size:10pt;color:#343434;">e </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Fi</font><font style="font-family:inherit;font-size:10pt;color:#343434;">nanc</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ial Acc</font><font style="font-family:inherit;font-size:10pt;color:#343434;">ount</font><font style="font-family:inherit;font-size:10pt;color:#212121;">i</font><font style="font-family:inherit;font-size:10pt;color:#343434;">ng S</font><font style="font-family:inherit;font-size:10pt;color:#212121;">t</font><font style="font-family:inherit;font-size:10pt;color:#343434;">an</font><font style="font-family:inherit;font-size:10pt;color:#212121;">da</font><font style="font-family:inherit;font-size:10pt;color:#343434;">r</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ds B</font><font style="font-family:inherit;font-size:10pt;color:#343434;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ard ("FASB") i</font><font style="font-family:inherit;font-size:10pt;color:#343434;">ss</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ue</font><font style="font-family:inherit;font-size:10pt;color:#343434;">d Accounting Standards Update 2015-07 ("ASU 2015-07")</font><font style="font-family:inherit;font-size:10pt;">, "Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)", which exempts investments measured using the NAV (or its equivalent) practical expedient in ASC 820, Fair Value Measurement, from categorization within the fair value hierarchy. </font><font style="font-family:inherit;font-size:10pt;color:#040404;">The guidance is effective for the Plan for fiscal years beginning after December 15, 2015 and shall be applied retrospectively to all periods presented. The Plan's administrator is currently evaluating the impact adoption of the standard will have on the Plan's financial statements.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">th</font><font style="font-family:inherit;font-size:10pt;color:#343434;">e </font><font style="font-family:inherit;font-size:10pt;color:#212121;">FASB i</font><font style="font-family:inherit;font-size:10pt;color:#343434;">ss</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ue</font><font style="font-family:inherit;font-size:10pt;color:#343434;">d Accounting Standards Update 2015-12 ("ASU 2015-12")</font><font style="font-family:inherit;font-size:10pt;">, "Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), and Health and Welfare Benefit Plans (Topic 965): Part (I) Fully Benefit-Responsive Investment Contracts, Part (II) Plan Investment Disclosures, Part (III) Measurement Date Practical Expedient". This three-part standard simplifies employee benefit plan reporting with respect to fully benefit-responsive investment contracts and plan investment disclosures, and provides for a measurement-date practical expedient. We retrospectively adopted Part II of the new standard as of December 31, 2015. As a result of the retrospective adoption of Part II of this standard, we removed the disclosures for individual investments greater than 5 percent of net assets,  the aggregation of net appreciation (depreciation) by type of investment in the Plan's investments disclosure (Note C),  and grouped our investments only by general type, as opposed to disaggregating by nature and risk (Note D). Parts I and III are not applicable to this Plan.</font></div><div><a name="se44d104f5a39451984feb86e375b9677"></a></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">C.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">INVESTMENTS</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:3px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">During </font><font style="font-family:inherit;font-size:10pt;color:#212121;">2015</font><font style="font-family:inherit;font-size:10pt;color:#040404;">, t</font><font style="font-family:inherit;font-size:10pt;color:#212121;">he Pl</font><font style="font-family:inherit;font-size:10pt;color:#343434;">an</font><font style="font-family:inherit;font-size:10pt;color:#040404;">'</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s in</font><font style="font-family:inherit;font-size:10pt;color:#343434;">v</font><font style="font-family:inherit;font-size:10pt;color:#212121;">estmen</font><font style="font-family:inherit;font-size:10pt;color:#343434;">t</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s </font><font style="font-family:inherit;font-size:10pt;color:#343434;">(</font><font style="font-family:inherit;font-size:10pt;color:#212121;">in</font><font style="font-family:inherit;font-size:10pt;color:#343434;">c</font><font style="font-family:inherit;font-size:10pt;color:#212121;">luding realized gains an</font><font style="font-family:inherit;font-size:10pt;color:#343434;">d </font><font style="font-family:inherit;font-size:10pt;color:#212121;">l</font><font style="font-family:inherit;font-size:10pt;color:#343434;">osse</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s on investments sold during the year, as well as unrealized appreciation (depreciation) on investments held at year-end) depreciated in value by </font><font style="font-family:inherit;font-size:10pt;color:#212121;">$6,997,861</font><font style="font-family:inherit;font-size:10pt;color:#212121;">.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">At </font><font style="font-family:inherit;font-size:10pt;color:#1f1f1f;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#343434;">, the s</font><font style="font-family:inherit;font-size:10pt;color:#212121;">tock funds were mad</font><font style="font-family:inherit;font-size:10pt;color:#343434;">e u</font><font style="font-family:inherit;font-size:10pt;color:#212121;">p </font><font style="font-family:inherit;font-size:10pt;color:#343434;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">f the Masco Corporat</font><font style="font-family:inherit;font-size:10pt;color:#343434;">io</font><font style="font-family:inherit;font-size:10pt;color:#212121;">n Company Stock Fund totaling </font><font style="font-family:inherit;font-size:10pt;color:#212121;">$1,801,139</font><font style="font-family:inherit;font-size:10pt;color:#212121;">&#32;(which was comprised exclusively of Masco Corporation Common Stock), and the TopBuild Corp. Stock Fund totaling </font><font style="font-family:inherit;font-size:10pt;color:#212121;">$202,531</font><font style="font-family:inherit;font-size:10pt;color:#212121;">. At </font><font style="font-family:inherit;font-size:10pt;color:#212121;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;color:#212121;">, </font><font style="font-family:inherit;font-size:10pt;color:#343434;">the </font><font style="font-family:inherit;font-size:10pt;color:#212121;">stock funds were mad</font><font style="font-family:inherit;font-size:10pt;color:#343434;">e u</font><font style="font-family:inherit;font-size:10pt;color:#212121;">p exclusively of Masco Corporation Common Stock Fund, which was comprised </font><font style="font-family:inherit;font-size:10pt;color:#343434;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">f Masco Corporat</font><font style="font-family:inherit;font-size:10pt;color:#343434;">io</font><font style="font-family:inherit;font-size:10pt;color:#212121;">n </font><font style="font-family:inherit;font-size:10pt;color:#343434;">Co</font><font style="font-family:inherit;font-size:10pt;color:#212121;">mmon Sto</font><font style="font-family:inherit;font-size:10pt;color:#343434;">c</font><font style="font-family:inherit;font-size:10pt;color:#212121;">k t</font><font style="font-family:inherit;font-size:10pt;color:#343434;">ota</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ling </font><font style="font-family:inherit;font-size:10pt;color:#212121;">$2,202,713</font><font style="font-family:inherit;font-size:10pt;color:#040404;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">and cash and m</font><font style="font-family:inherit;font-size:10pt;color:#343434;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ne</font><font style="font-family:inherit;font-size:10pt;color:#343434;">y </font><font style="font-family:inherit;font-size:10pt;color:#212121;">market investments </font><font style="font-family:inherit;font-size:10pt;color:#343434;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">f </font><font style="font-family:inherit;font-size:10pt;color:#212121;">$37,715</font><font style="font-family:inherit;font-size:10pt;color:#040404;">.</font></div><div><a name="sac881279dd2d4953b9c6a82f2bc7b440"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;color:#020202;font-weight:bold;">D.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#020202;font-weight:bold;">FAIR VALUE MEASUREMENTS</font></div></td></tr></table><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;color:#212121;font-weight:bold;">Accounting Poli</font><font style="font-family:inherit;font-size:10pt;color:#333333;font-weight:bold;">cy</font><font style="font-family:inherit;font-size:10pt;color:#212121;font-weight:bold;">. </font><font style="font-family:inherit;font-size:10pt;color:#212121;">T</font><font style="font-family:inherit;font-size:10pt;color:#333333;">he </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Plan foll</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ows </font><font style="font-family:inherit;font-size:10pt;color:#212121;">f</font><font style="font-family:inherit;font-size:10pt;color:#333333;">a</font><font style="font-family:inherit;font-size:10pt;color:#212121;">i</font><font style="font-family:inherit;font-size:10pt;color:#333333;">r v</font><font style="font-family:inherit;font-size:10pt;color:#212121;">alue </font><font style="font-family:inherit;font-size:10pt;color:#333333;">g</font><font style="font-family:inherit;font-size:10pt;color:#212121;">uidan</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ce (</font><font style="font-family:inherit;font-size:10pt;color:#212121;">A</font><font style="font-family:inherit;font-size:10pt;color:#333333;">SC 820) </font><font style="font-family:inherit;font-size:10pt;color:#212121;">that defin</font><font style="font-family:inherit;font-size:10pt;color:#333333;">es fa</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ir value</font><font style="font-family:inherit;font-size:10pt;color:#020202;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">es</font><font style="font-family:inherit;font-size:10pt;color:#333333;">tab</font><font style="font-family:inherit;font-size:10pt;color:#212121;">l</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ishes </font><font style="font-family:inherit;font-size:10pt;color:#212121;">a fra</font><font style="font-family:inherit;font-size:10pt;color:#333333;">mewor</font><font style="font-family:inherit;font-size:10pt;color:#212121;">k </font><font style="font-family:inherit;font-size:10pt;color:#333333;">for </font><font style="font-family:inherit;font-size:10pt;color:#212121;">measuring f</font><font style="font-family:inherit;font-size:10pt;color:#333333;">a</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ir </font><font style="font-family:inherit;font-size:10pt;color:#333333;">val</font><font style="font-family:inherit;font-size:10pt;color:#212121;">u</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e </font><font style="font-family:inherit;font-size:10pt;color:#212121;">and expa</font><font style="font-family:inherit;font-size:10pt;color:#333333;">nds </font><font style="font-family:inherit;font-size:10pt;color:#212121;">d</font><font style="font-family:inherit;font-size:10pt;color:#333333;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">sclosures about f</font><font style="font-family:inherit;font-size:10pt;color:#333333;">air v</font><font style="font-family:inherit;font-size:10pt;color:#212121;">alue meas</font><font style="font-family:inherit;font-size:10pt;color:#333333;">urem</font><font style="font-family:inherit;font-size:10pt;color:#212121;">en</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ts</font><font style="font-family:inherit;font-size:10pt;color:#212121;">. 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style="font-family:inherit;font-size:10pt;color:#333333;">t</font><font style="font-family:inherit;font-size:10pt;color:#212121;">rumen</font><font style="font-family:inherit;font-size:10pt;color:#333333;">t</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s for which the determination </font><font style="font-family:inherit;font-size:10pt;color:#333333;">of fa</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ir </font><font style="font-family:inherit;font-size:10pt;color:#333333;">v</font><font style="font-family:inherit;font-size:10pt;color:#212121;">al</font><font style="font-family:inherit;font-size:10pt;color:#333333;">u</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e r</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">quires </font><font style="font-family:inherit;font-size:10pt;color:#333333;">si</font><font 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style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">stimation</font><font style="font-family:inherit;font-size:10pt;color:#020202;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:66px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#333333;">A</font><font style="font-family:inherit;font-size:10pt;color:#212121;">&#32;</font><font style="font-family:inherit;font-size:10pt;color:#333333;">desc</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ri</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ption </font><font style="font-family:inherit;font-size:10pt;color:#212121;">of the </font><font style="font-family:inherit;font-size:10pt;color:#333333;">valua</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ti</font><font style="font-family:inherit;font-size:10pt;color:#333333;">on metho</font><font style="font-family:inherit;font-size:10pt;color:#212121;">dol</font><font style="font-family:inherit;font-size:10pt;color:#333333;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">gi</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s u</font><font style="font-family:inherit;font-size:10pt;color:#333333;">sed fo</font><font style="font-family:inherit;font-size:10pt;color:#212121;">r assets m</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">asur</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ed at f</font><font style="font-family:inherit;font-size:10pt;color:#212121;">air value is as follows:  </font></div><div style="line-height:120%;text-align:left;padding-left:66px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;font-style:italic;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;font-style:italic;">Collective trust funds: </font><font style="font-family:inherit;font-size:10pt;">Valued based on NAV, which approximates fair value as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">. Such basis is determined by reference to the respective fund&#8217;s underlying assets, which are primarily marketable equity and fixed income securities. </font></div><div style="line-height:120%;text-align:left;padding-left:66px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;font-style:italic;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;font-style:italic;">Mutual funds: </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Valu</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">d at the daily </font><font style="font-family:inherit;font-size:10pt;color:#333333;">c</font><font style="font-family:inherit;font-size:10pt;color:#212121;">losing price as rep</font><font style="font-family:inherit;font-size:10pt;color:#333333;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">rt</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">d by the fund</font><font style="font-family:inherit;font-size:10pt;color:#020202;">. </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Mutual funds held by th</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Plan are open</font><font style="font-family:inherit;font-size:10pt;color:#020202;">-</font><font style="font-family:inherit;font-size:10pt;color:#212121;">end mutual fun</font><font style="font-family:inherit;font-size:10pt;color:#333333;">d</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s that are r</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">gistered with the </font><font style="font-family:inherit;font-size:10pt;color:#333333;">S</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ecurities and E</font><font style="font-family:inherit;font-size:10pt;color:#333333;">xc</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ha</font><font style="font-family:inherit;font-size:10pt;color:#333333;">nge </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Commissi</font><font style="font-family:inherit;font-size:10pt;color:#333333;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">n.  T</font><font style="font-family:inherit;font-size:10pt;color:#333333;">hese </font><font style="font-family:inherit;font-size:10pt;color:#212121;">funds are r</font><font style="font-family:inherit;font-size:10pt;color:#333333;">equi</font><font style="font-family:inherit;font-size:10pt;color:#212121;">r</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ed to </font><font style="font-family:inherit;font-size:10pt;color:#212121;">publish t</font><font style="font-family:inherit;font-size:10pt;color:#333333;">he</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ir d</font><font style="font-family:inherit;font-size:10pt;color:#333333;">a</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ily </font><font style="font-family:inherit;font-size:10pt;color:#333333;">NAV </font><font style="font-family:inherit;font-size:10pt;color:#212121;">and </font><font style="font-family:inherit;font-size:10pt;color:#333333;">t</font><font style="font-family:inherit;font-size:10pt;color:#212121;">r</font><font style="font-family:inherit;font-size:10pt;color:#333333;">a</font><font style="font-family:inherit;font-size:10pt;color:#212121;">n</font><font style="font-family:inherit;font-size:10pt;color:#333333;">s</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ac</font><font style="font-family:inherit;font-size:10pt;color:#333333;">t at </font><font style="font-family:inherit;font-size:10pt;color:#212121;">tha</font><font style="font-family:inherit;font-size:10pt;color:#333333;">t </font><font style="font-family:inherit;font-size:10pt;color:#212121;">pric</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">.  Th</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e </font><font style="font-family:inherit;font-size:10pt;color:#212121;">m</font><font style="font-family:inherit;font-size:10pt;color:#333333;">u</font><font style="font-family:inherit;font-size:10pt;color:#212121;">tual funds </font><font style="font-family:inherit;font-size:10pt;color:#333333;">h</font><font style="font-family:inherit;font-size:10pt;color:#212121;">eld b</font><font style="font-family:inherit;font-size:10pt;color:#333333;">y </font><font style="font-family:inherit;font-size:10pt;color:#212121;">the Plan ar</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e de</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e</font><font style="font-family:inherit;font-size:10pt;color:#333333;">med to </font><font style="font-family:inherit;font-size:10pt;color:#212121;">be acti</font><font style="font-family:inherit;font-size:10pt;color:#333333;">v</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ly </font><font style="font-family:inherit;font-size:10pt;color:#212121;">tr</font><font style="font-family:inherit;font-size:10pt;color:#333333;">aded</font><font style="font-family:inherit;font-size:10pt;color:#212121;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:66px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#333333;font-style:italic;">Stock funds</font><font style="font-family:inherit;font-size:10pt;color:#020202;font-style:italic;">: </font><font style="font-family:inherit;font-size:10pt;color:#444444;">V</font><font style="font-family:inherit;font-size:10pt;color:#212121;">al</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ue</font><font style="font-family:inherit;font-size:10pt;color:#212121;">d at </font><font style="font-family:inherit;font-size:10pt;color:#333333;">t</font><font style="font-family:inherit;font-size:10pt;color:#212121;">he </font><font style="font-family:inherit;font-size:10pt;color:#333333;">c</font><font style="font-family:inherit;font-size:10pt;color:#212121;">l</font><font style="font-family:inherit;font-size:10pt;color:#333333;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ing p</font><font style="font-family:inherit;font-size:10pt;color:#212121;">r</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ice re</font><font style="font-family:inherit;font-size:10pt;color:#212121;">p</font><font style="font-family:inherit;font-size:10pt;color:#333333;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">rted on </font><font style="font-family:inherit;font-size:10pt;color:#333333;">the </font><font style="font-family:inherit;font-size:10pt;color:#212121;">a</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ctive </font><font style="font-family:inherit;font-size:10pt;color:#212121;">market on whi</font><font style="font-family:inherit;font-size:10pt;color:#333333;">c</font><font style="font-family:inherit;font-size:10pt;color:#212121;">h th</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e </font><font style="font-family:inherit;font-size:10pt;color:#212121;">individual s</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ec</font><font style="font-family:inherit;font-size:10pt;color:#212121;">u</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ri</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ties are </font><font style="font-family:inherit;font-size:10pt;color:#333333;">t</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ra</font><font style="font-family:inherit;font-size:10pt;color:#333333;">d</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e</font><font style="font-family:inherit;font-size:10pt;color:#333333;">d</font><font style="font-family:inherit;font-size:10pt;color:#212121;">.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS, Continued</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">D.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">FAIR VALUE MEASURMENTS (Continued)</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:66px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#333333;font-style:italic;">B</font><font style="font-family:inherit;font-size:10pt;color:#212121;font-style:italic;">r</font><font style="font-family:inherit;font-size:10pt;color:#333333;font-style:italic;">ok</font><font style="font-family:inherit;font-size:10pt;color:#212121;font-style:italic;">erage acc</font><font style="font-family:inherit;font-size:10pt;color:#333333;font-style:italic;">ount</font><font style="font-family:inherit;font-size:10pt;color:#212121;font-style:italic;">: </font><font style="font-family:inherit;font-size:10pt;color:#333333;">Part</font><font style="font-family:inherit;font-size:10pt;color:#212121;">icipant dir</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ected inve</font><font style="font-family:inherit;font-size:10pt;color:#212121;">stments </font><font style="font-family:inherit;font-size:10pt;color:#333333;">coul</font><font style="font-family:inherit;font-size:10pt;color:#212121;">d </font><font style="font-family:inherit;font-size:10pt;color:#333333;">inclu</font><font style="font-family:inherit;font-size:10pt;color:#212121;">de c</font><font style="font-family:inherit;font-size:10pt;color:#333333;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">mm</font><font style="font-family:inherit;font-size:10pt;color:#333333;">on </font><font style="font-family:inherit;font-size:10pt;color:#212121;">st</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ocks</font><font style="font-family:inherit;font-size:10pt;color:#212121;">, mutual funds, c</font><font style="font-family:inherit;font-size:10pt;color:#333333;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">rpo</font><font style="font-family:inherit;font-size:10pt;color:#333333;">rate o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">r go</font><font style="font-family:inherit;font-size:10pt;color:#333333;">v</font><font style="font-family:inherit;font-size:10pt;color:#212121;">er</font><font style="font-family:inherit;font-size:10pt;color:#333333;">nment b</font><font style="font-family:inherit;font-size:10pt;color:#444444;">o</font><font style="font-family:inherit;font-size:10pt;color:#333333;">nds o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">r other i</font><font style="font-family:inherit;font-size:10pt;color:#333333;">nvestment</font><font style="font-family:inherit;font-size:10pt;color:#212121;">s.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">T</font><font style="font-family:inherit;font-size:10pt;color:#333333;">h</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e methods desc</font><font style="font-family:inherit;font-size:10pt;color:#333333;">r</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ib</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">d ab</font><font style="font-family:inherit;font-size:10pt;color:#333333;">o</font><font style="font-family:inherit;font-size:10pt;color:#444444;">v</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e </font><font style="font-family:inherit;font-size:10pt;color:#333333;">m</font><font style="font-family:inherit;font-size:10pt;color:#212121;">a</font><font style="font-family:inherit;font-size:10pt;color:#333333;">y </font><font style="font-family:inherit;font-size:10pt;color:#212121;">pr</font><font style="font-family:inherit;font-size:10pt;color:#333333;">oduc</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e </font><font style="font-family:inherit;font-size:10pt;color:#333333;">a </font><font style="font-family:inherit;font-size:10pt;color:#212121;">f</font><font style="font-family:inherit;font-size:10pt;color:#333333;">air </font><font style="font-family:inherit;font-size:10pt;color:#212121;">value ca</font><font style="font-family:inherit;font-size:10pt;color:#333333;">lcu</font><font style="font-family:inherit;font-size:10pt;color:#212121;">lat</font><font style="font-family:inherit;font-size:10pt;color:#333333;">io</font><font style="font-family:inherit;font-size:10pt;color:#212121;">n that may not be </font><font style="font-family:inherit;font-size:10pt;color:#333333;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ndicative of </font><font style="font-family:inherit;font-size:10pt;color:#333333;">n</font><font style="font-family:inherit;font-size:10pt;color:#212121;">et </font><font style="font-family:inherit;font-size:10pt;color:#333333;">r</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ealizable </font><font style="font-family:inherit;font-size:10pt;color:#333333;">va</font><font style="font-family:inherit;font-size:10pt;color:#212121;">lu</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e or re</font><font style="font-family:inherit;font-size:10pt;color:#212121;">flective </font><font style="font-family:inherit;font-size:10pt;color:#333333;">of </font><font style="font-family:inherit;font-size:10pt;color:#212121;">f</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ut</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ure fair values</font><font style="font-family:inherit;font-size:10pt;color:#333333;">. </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Furthermore</font><font style="font-family:inherit;font-size:10pt;color:#020202;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">while t</font><font style="font-family:inherit;font-size:10pt;color:#333333;">h</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e Pla</font><font style="font-family:inherit;font-size:10pt;color:#333333;">n </font><font style="font-family:inherit;font-size:10pt;color:#212121;">belie</font><font style="font-family:inherit;font-size:10pt;color:#333333;">v</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e</font><font style="font-family:inherit;font-size:10pt;color:#333333;">s </font><font style="font-family:inherit;font-size:10pt;color:#212121;">i</font><font style="font-family:inherit;font-size:10pt;color:#333333;">ts </font><font style="font-family:inherit;font-size:10pt;color:#212121;">va</font><font style="font-family:inherit;font-size:10pt;color:#333333;">l</font><font style="font-family:inherit;font-size:10pt;color:#212121;">uation meth</font><font style="font-family:inherit;font-size:10pt;color:#333333;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">d</font><font style="font-family:inherit;font-size:10pt;color:#333333;">s are </font><font style="font-family:inherit;font-size:10pt;color:#212121;">appropriate and consistent with oth</font><font style="font-family:inherit;font-size:10pt;color:#333333;">er </font><font style="font-family:inherit;font-size:10pt;color:#212121;">market partici</font><font style="font-family:inherit;font-size:10pt;color:#333333;">p</font><font style="font-family:inherit;font-size:10pt;color:#212121;">ants</font><font style="font-family:inherit;font-size:10pt;color:#020202;">, </font><font style="font-family:inherit;font-size:10pt;color:#212121;">the use of dif</font><font style="font-family:inherit;font-size:10pt;color:#333333;">f</font><font style="font-family:inherit;font-size:10pt;color:#212121;">er</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">nt methodologies or assumptions to d</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">term</font><font style="font-family:inherit;font-size:10pt;color:#333333;">in</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e the fair </font><font style="font-family:inherit;font-size:10pt;color:#333333;">v</font><font style="font-family:inherit;font-size:10pt;color:#212121;">alue of certain fina</font><font style="font-family:inherit;font-size:10pt;color:#333333;">nc</font><font style="font-family:inherit;font-size:10pt;color:#212121;">i</font><font style="font-family:inherit;font-size:10pt;color:#333333;">a</font><font style="font-family:inherit;font-size:10pt;color:#212121;">l </font><font style="font-family:inherit;font-size:10pt;color:#333333;">i</font><font style="font-family:inherit;font-size:10pt;color:#212121;">nstruments cou</font><font style="font-family:inherit;font-size:10pt;color:#333333;">l</font><font style="font-family:inherit;font-size:10pt;color:#212121;">d result in a dif</font><font style="font-family:inherit;font-size:10pt;color:#333333;">fe</font><font style="font-family:inherit;font-size:10pt;color:#212121;">re</font><font style="font-family:inherit;font-size:10pt;color:#333333;">nt </font><font style="font-family:inherit;font-size:10pt;color:#212121;">fair value </font><font style="font-family:inherit;font-size:10pt;color:#333333;">me</font><font style="font-family:inherit;font-size:10pt;color:#212121;">a</font><font style="font-family:inherit;font-size:10pt;color:#333333;">su</font><font style="font-family:inherit;font-size:10pt;color:#212121;">r</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">m</font><font style="font-family:inherit;font-size:10pt;color:#333333;">e</font><font style="font-family:inherit;font-size:10pt;color:#212121;">nt at the rep</font><font style="font-family:inherit;font-size:10pt;color:#333333;">o</font><font style="font-family:inherit;font-size:10pt;color:#212121;">r</font><font style="font-family:inherit;font-size:10pt;color:#333333;">t</font><font style="font-family:inherit;font-size:10pt;color:#212121;">in</font><font style="font-family:inherit;font-size:10pt;color:#333333;">g </font><font style="font-family:inherit;font-size:10pt;color:#212121;">da</font><font style="font-family:inherit;font-size:10pt;color:#333333;">t</font><font style="font-family:inherit;font-size:10pt;color:#212121;">e.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#020202;">T</font><font style="font-family:inherit;font-size:10pt;color:#141414;">h</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e f</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ollowing table sets fort</font><font style="font-family:inherit;font-size:10pt;color:#262626;">h by </font><font style="font-family:inherit;font-size:10pt;color:#141414;">l</font><font style="font-family:inherit;font-size:10pt;color:#262626;">ev</font><font style="font-family:inherit;font-size:10pt;color:#141414;">e</font><font style="font-family:inherit;font-size:10pt;color:#020202;">l</font><font style="font-family:inherit;font-size:10pt;color:#141414;">, </font><font style="font-family:inherit;font-size:10pt;color:#262626;">w</font><font style="font-family:inherit;font-size:10pt;color:#141414;">it</font><font style="font-family:inherit;font-size:10pt;color:#262626;">hi</font><font style="font-family:inherit;font-size:10pt;color:#141414;">n t</font><font style="font-family:inherit;font-size:10pt;color:#262626;">h</font><font style="font-family:inherit;font-size:10pt;color:#141414;">e fair value hierarchy</font><font style="font-family:inherit;font-size:10pt;color:#020202;">, </font><font style="font-family:inherit;font-size:10pt;color:#141414;">th</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e P</font><font style="font-family:inherit;font-size:10pt;color:#141414;">l</font><font style="font-family:inherit;font-size:10pt;color:#020202;">a</font><font style="font-family:inherit;font-size:10pt;color:#141414;">n</font><font style="font-family:inherit;font-size:10pt;color:#020202;">'s </font><font style="font-family:inherit;font-size:10pt;color:#141414;">assets at fair value as </font><font style="font-family:inherit;font-size:10pt;color:#262626;">o</font><font style="font-family:inherit;font-size:10pt;color:#141414;">f </font><font style="font-family:inherit;font-size:10pt;color:#141414;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#141414;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#141414;">2014</font><font style="font-family:inherit;font-size:10pt;color:#141414;">.</font></div><div style="line-height:120%;text-align:center;padding-left:48px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.98245614035088%;border-collapse:collapse;text-align:left;"><tr><td colspan="13"></td></tr><tr><td style="width:32%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Assets at Fair Value as of December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 1</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 2</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 3</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective trust funds</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,197,069</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,197,069</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual funds</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,128,548</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,128,548</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#141414;">Stock funds</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,003,670</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,003,670</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#020202;">Br</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ok</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e</font><font style="font-family:inherit;font-size:10pt;color:#141414;">r</font><font style="font-family:inherit;font-size:10pt;color:#020202;">a</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ge account</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">368,145</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">368,145</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets at fair value</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,500,363</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,197,069</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,697,432</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;padding-left:48px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.98245614035088%;border-collapse:collapse;text-align:left;"><tr><td colspan="13"></td></tr><tr><td style="width:32%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Assets at Fair Value as of December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 1</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 2</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 3</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual funds</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">183,196,798</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">183,196,798</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock funds</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,240,428</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,240,428</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#020202;">Br</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ok</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e</font><font style="font-family:inherit;font-size:10pt;color:#141414;">r</font><font style="font-family:inherit;font-size:10pt;color:#020202;">a</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ge account</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">305,828</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">305,828</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets at fair value</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">185,743,054</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">185,743,054</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:66px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:66px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:66px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:66px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#212121;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS, Continued</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">D.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">FAIR VALUE MEASUREMENTS (Concluded)</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes investments measured at fair value using the NAV per share practical expedient as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">. </font><font style="font-family:inherit;font-size:10pt;color:#212121;">Were the Plan to initiate a full redemption of the collective trust fund, the investment adviser reserves the right to temporarily delay withdrawal from the trust in order to ensure the securities liquidations will be carried out in an orderly business manner. </font></div><div style="line-height:120%;text-align:center;padding-left:48px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.98245614035088%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:53%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:11%;"></td><td style="width:11%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:inherit;font-size:8.5pt;font-weight:bold;">December&#160;31, 2015</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:inherit;font-size:8.5pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:inherit;font-size:8.5pt;font-weight:bold;">Unfunded Commitments</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:inherit;font-size:8.5pt;font-weight:bold;">Redemption Frequency (if currently eligible)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:inherit;font-size:8.5pt;font-weight:bold;">Redemption Notice Period</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Collective trust funds:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Small Capitalization Core Commingled Pool Class D</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,150,678</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fidelity&#174; Diversified International Commingled Pool</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,525,648</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fidelity&#174; Low-Priced Stock Commingled Pool</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,298,013</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2005 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">130,586</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2010 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,171,794</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2015 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,835,854</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2020 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,491,277</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2025 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,949,837</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2030 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,314,829</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2035 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,158,052</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2040 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,898,675</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2045 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,876,073</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2050 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,533,431</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2055 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,046,582</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2060 Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">410,346</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date Income Commingled Pool Class X</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">491,592</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Core Plus Commingled Pool Class K</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,913,802</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Investments Measured at NAV</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,197,069</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;These funds changed their legal names on February 12, 2016.  The fund names listed represent the new legal name of the funds. </font></div><div><a name="s1ace7863df0b4acc95666b99e6c7dab8"></a></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-top:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">E.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INCOME TAX STATUS</font></div></td></tr></table><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The IRS determined and informed the Company by letter dated November 6, 2014 that the Plan is designed in accordance with the applicable sections of the Internal Revenue Code ("Code"). The Plan has since been amended; however, the Plan administrator believes that the Plan is currently designed and being operated in compliance with the applicable requirements of the Code. Therefore, no provision for income taxes has been included in the Plan's financial statements. </font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#020202;">Acco</font><font style="font-family:inherit;font-size:10pt;color:#141414;">un</font><font style="font-family:inherit;font-size:10pt;color:#020202;">ti</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ng p</font><font style="font-family:inherit;font-size:10pt;color:#020202;">r</font><font style="font-family:inherit;font-size:10pt;color:#141414;">inciples generall</font><font style="font-family:inherit;font-size:10pt;color:#262626;">y </font><font style="font-family:inherit;font-size:10pt;color:#141414;">ac</font><font style="font-family:inherit;font-size:10pt;color:#262626;">c</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ep</font><font style="font-family:inherit;font-size:10pt;color:#262626;">t</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ed </font><font style="font-family:inherit;font-size:10pt;color:#020202;">i</font><font style="font-family:inherit;font-size:10pt;color:#141414;">n the United States of Ame</font><font style="font-family:inherit;font-size:10pt;color:#020202;">ri</font><font style="font-family:inherit;font-size:10pt;color:#141414;">c</font><font style="font-family:inherit;font-size:10pt;color:#020202;">a require Pla</font><font style="font-family:inherit;font-size:10pt;color:#141414;">n m</font><font style="font-family:inherit;font-size:10pt;color:#020202;">a</font><font style="font-family:inherit;font-size:10pt;color:#141414;">n</font><font style="font-family:inherit;font-size:10pt;color:#020202;">age</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ment to evaluate tax pos</font><font style="font-family:inherit;font-size:10pt;color:#020202;">i</font><font style="font-family:inherit;font-size:10pt;color:#141414;">t</font><font style="font-family:inherit;font-size:10pt;color:#020202;">i</font><font style="font-family:inherit;font-size:10pt;color:#262626;">o</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ns taken b</font><font style="font-family:inherit;font-size:10pt;color:#262626;">y </font><font style="font-family:inherit;font-size:10pt;color:#141414;">the Plan and recogn</font><font style="font-family:inherit;font-size:10pt;color:#020202;">ize a tax liabili</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ty if the Plan has take</font><font style="font-family:inherit;font-size:10pt;color:#262626;">n </font><font style="font-family:inherit;font-size:10pt;color:#141414;">an uncer</font><font style="font-family:inherit;font-size:10pt;color:#020202;">t</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ai</font><font style="font-family:inherit;font-size:10pt;color:#262626;">n </font><font style="font-family:inherit;font-size:10pt;color:#141414;">position that more l</font><font style="font-family:inherit;font-size:10pt;color:#020202;">i</font><font style="font-family:inherit;font-size:10pt;color:#141414;">k</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ly </font><font style="font-family:inherit;font-size:10pt;color:#020202;">t</font><font style="font-family:inherit;font-size:10pt;color:#141414;">h</font><font style="font-family:inherit;font-size:10pt;color:#020202;">an not would </font><font style="font-family:inherit;font-size:10pt;color:#141414;">not b</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e s</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ustained upon exa</font><font style="font-family:inherit;font-size:10pt;color:#262626;">m</font><font style="font-family:inherit;font-size:10pt;color:#141414;">inat</font><font style="font-family:inherit;font-size:10pt;color:#020202;">i</font><font style="font-family:inherit;font-size:10pt;color:#262626;">o</font><font style="font-family:inherit;font-size:10pt;color:#141414;">n b</font><font style="font-family:inherit;font-size:10pt;color:#262626;">y </font><font style="font-family:inherit;font-size:10pt;color:#141414;">the IRS. The Plan admini</font><font style="font-family:inherit;font-size:10pt;color:#020202;">s</font><font style="font-family:inherit;font-size:10pt;color:#141414;">t</font><font style="font-family:inherit;font-size:10pt;color:#020202;">rator has anal</font><font style="font-family:inherit;font-size:10pt;color:#141414;">y</font><font style="font-family:inherit;font-size:10pt;color:#020202;">zed </font><font style="font-family:inherit;font-size:10pt;color:#141414;">th</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e </font><font style="font-family:inherit;font-size:10pt;color:#141414;">tax positions take</font><font style="font-family:inherit;font-size:10pt;color:#262626;">n </font><font style="font-family:inherit;font-size:10pt;color:#141414;">b</font><font style="font-family:inherit;font-size:10pt;color:#262626;">y </font><font style="font-family:inherit;font-size:10pt;color:#020202;">t</font><font style="font-family:inherit;font-size:10pt;color:#141414;">he Pla</font><font style="font-family:inherit;font-size:10pt;color:#262626;">n</font><font style="font-family:inherit;font-size:10pt;color:#020202;">, </font><font style="font-family:inherit;font-size:10pt;color:#141414;">and has conclud</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e</font><font style="font-family:inherit;font-size:10pt;color:#141414;">d </font><font style="font-family:inherit;font-size:10pt;color:#020202;">t</font><font style="font-family:inherit;font-size:10pt;color:#141414;">h</font><font style="font-family:inherit;font-size:10pt;color:#020202;">at as of </font><font style="font-family:inherit;font-size:10pt;color:#020202;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#020202;">, </font><font style="font-family:inherit;font-size:10pt;color:#141414;">there are n</font><font style="font-family:inherit;font-size:10pt;color:#262626;">o </font><font style="font-family:inherit;font-size:10pt;color:#141414;">un</font><font style="font-family:inherit;font-size:10pt;color:#262626;">c</font><font style="font-family:inherit;font-size:10pt;color:#141414;">e</font><font style="font-family:inherit;font-size:10pt;color:#020202;">rt</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ai</font><font style="font-family:inherit;font-size:10pt;color:#262626;">n </font><font style="font-family:inherit;font-size:10pt;color:#141414;">positions taken or exp</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ct</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e</font><font style="font-family:inherit;font-size:10pt;color:#141414;">d to </font><font style="font-family:inherit;font-size:10pt;color:#020202;">be taken that </font><font style="font-family:inherit;font-size:10pt;color:#141414;">would r</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e</font><font style="font-family:inherit;font-size:10pt;color:#141414;">qu</font><font style="font-family:inherit;font-size:10pt;color:#020202;">i</font><font style="font-family:inherit;font-size:10pt;color:#141414;">re recognition of a </font><font style="font-family:inherit;font-size:10pt;color:#020202;">li</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ab</font><font style="font-family:inherit;font-size:10pt;color:#020202;">ili</font><font style="font-family:inherit;font-size:10pt;color:#141414;">t</font><font style="font-family:inherit;font-size:10pt;color:#262626;">y </font><font style="font-family:inherit;font-size:10pt;color:#141414;">or disclosure </font><font style="font-family:inherit;font-size:10pt;color:#020202;">i</font><font style="font-family:inherit;font-size:10pt;color:#141414;">n th</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e financial state</font><font style="font-family:inherit;font-size:10pt;color:#141414;">m</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e</font><font style="font-family:inherit;font-size:10pt;color:#141414;">n</font><font style="font-family:inherit;font-size:10pt;color:#020202;">ts.  </font><font style="font-family:inherit;font-size:10pt;color:#141414;">The Plan is subject to </font><font style="font-family:inherit;font-size:10pt;color:#020202;">r</font><font style="font-family:inherit;font-size:10pt;color:#262626;">o</font><font style="font-family:inherit;font-size:10pt;color:#020202;">u</font><font style="font-family:inherit;font-size:10pt;color:#141414;">tine audits by taxing ju</font><font style="font-family:inherit;font-size:10pt;color:#020202;">risdictions; ho</font><font style="font-family:inherit;font-size:10pt;color:#141414;">w</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e</font><font style="font-family:inherit;font-size:10pt;color:#141414;">v</font><font style="font-family:inherit;font-size:10pt;color:#020202;">er, </font><font style="font-family:inherit;font-size:10pt;color:#141414;">th</font><font style="font-family:inherit;font-size:10pt;color:#020202;">e</font><font style="font-family:inherit;font-size:10pt;color:#141414;">re </font><font style="font-family:inherit;font-size:10pt;color:#020202;">a</font><font style="font-family:inherit;font-size:10pt;color:#141414;">re currently no audi</font><font style="font-family:inherit;font-size:10pt;color:#020202;">t</font><font style="font-family:inherit;font-size:10pt;color:#141414;">s f</font><font style="font-family:inherit;font-size:10pt;color:#262626;">o</font><font style="font-family:inherit;font-size:10pt;color:#020202;">r </font><font style="font-family:inherit;font-size:10pt;color:#141414;">an</font><font style="font-family:inherit;font-size:10pt;color:#262626;">y </font><font style="font-family:inherit;font-size:10pt;color:#141414;">tax period in prog</font><font style="font-family:inherit;font-size:10pt;color:#020202;">ress.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></div><hr style="page-break-after:always"><div><a name="s1eef9f78629d48438c6182322e178f97"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS, Concluded</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:2px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">F.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">PLAN TERMINATION</font></div></td></tr></table><div style="line-height:120%;padding-top:1px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Altho</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ugh the </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Company has not </font><font style="font-family:inherit;font-size:10pt;color:#181818;">e</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">xpressed an </font><font style="font-family:inherit;font-size:10pt;color:#464646;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">n</font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">e</font><font style="font-family:inherit;font-size:10pt;color:#181818;">nt </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">to do so</font><font style="font-family:inherit;font-size:10pt;color:#181818;">, </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">the Com</font><font style="font-family:inherit;font-size:10pt;color:#181818;">pany </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">h</font><font style="font-family:inherit;font-size:10pt;color:#181818;">a</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">s the right </font><font style="font-family:inherit;font-size:10pt;color:#181818;">at an</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">y time to discontinue its contribu</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ti</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">on</font><font style="font-family:inherit;font-size:10pt;color:#181818;">s </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">a</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">d to terminat</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e t</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">h</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Plan</font><font style="font-family:inherit;font-size:10pt;color:#181818;">, </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">subjec</font><font style="font-family:inherit;font-size:10pt;color:#181818;">t to </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">the provisions of ERISA</font><font style="font-family:inherit;font-size:10pt;color:#181818;">. </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">At the date o</font><font style="font-family:inherit;font-size:10pt;color:#181818;">f </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">a</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">y such termin</font><font style="font-family:inherit;font-size:10pt;color:#181818;">a</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">t</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">on</font><font style="font-family:inherit;font-size:10pt;color:#181818;">, </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">all partic</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ipan</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">t</font><font style="font-family:inherit;font-size:10pt;color:#181818;">s </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">would become fully vested in their accounts and the Adm</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ini</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">st</font><font style="font-family:inherit;font-size:10pt;color:#181818;">r</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ative Committ</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ee </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">of the Pl</font><font style="font-family:inherit;font-size:10pt;color:#181818;">a</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">n shall direct the </font><font style="font-family:inherit;font-size:10pt;color:#181818;">T</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">r</font><font style="font-family:inherit;font-size:10pt;color:#181818;">u</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">s</font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ee to</font><font style="font-family:inherit;font-size:9pt;color:#2a2a2a;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">dist</font><font style="font-family:inherit;font-size:10pt;color:#181818;">rib</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ut</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">to the participant</font><font style="font-family:inherit;font-size:10pt;color:#181818;">s </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">all assets of th</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Plan</font><font style="font-family:inherit;font-size:10pt;color:#040404;">, </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">net of any t</font><font style="font-family:inherit;font-size:10pt;color:#181818;">er</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">minatio</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">expen</font><font style="font-family:inherit;font-size:10pt;color:#181818;">s</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">e</font><font style="font-family:inherit;font-size:10pt;color:#181818;">s </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">w</font><font style="font-family:inherit;font-size:10pt;color:#181818;">hi</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ch wi</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ll </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">be prorat</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">d among the partici</font><font style="font-family:inherit;font-size:10pt;color:#181818;">pa</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">nts</font><font style="font-family:inherit;font-size:10pt;color:#040404;">' </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">accou</font><font style="font-family:inherit;font-size:10pt;color:#464646;">n</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ts</font><font style="font-family:inherit;font-size:10pt;color:#181818;">.</font></div><div><a name="s61289fd8636440ddba4559c0acb729b9"></a></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">G.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">RELATED PARTY TRANSACTIONS</font></div></td></tr></table><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Cert</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ain Plan </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">invest</font><font style="font-family:inherit;font-size:10pt;color:#181818;">m</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ents a</font><font style="font-family:inherit;font-size:10pt;color:#181818;">r</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">e </font><font style="font-family:inherit;font-size:10pt;color:#181818;">shar</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">es of </font><font style="font-family:inherit;font-size:10pt;color:#181818;">collective trust funds</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#181818;">m</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">utual funds managed by Fidel</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ity</font><font style="font-family:inherit;font-size:10pt;color:#040404;">. </font><font style="font-family:inherit;font-size:10pt;color:#181818;">Fid</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">e</font><font style="font-family:inherit;font-size:10pt;color:#181818;">l</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ity is </font><font style="font-family:inherit;font-size:10pt;color:#181818;">also the T</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">rustee as defin</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ed </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">by </font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">he P</font><font style="font-family:inherit;font-size:10pt;color:#181818;">l</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">an and</font><font style="font-family:inherit;font-size:10pt;color:#181818;">, </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">th</font><font style="font-family:inherit;font-size:10pt;color:#181818;">eref</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ore</font><font style="font-family:inherit;font-size:10pt;color:#181818;">, </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">the purch</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ases and </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">sales qual</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ify as pa</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">rty</font><font style="font-family:inherit;font-size:10pt;color:#040404;">-</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">in</font><font style="font-family:inherit;font-size:10pt;color:#040404;">-</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">interest transactions</font><font style="font-family:inherit;font-size:10pt;color:#040404;">.  </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">The</font><font style="font-family:inherit;font-size:10pt;color:#181818;">r</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">e were no fees paid </font><font style="font-family:inherit;font-size:10pt;color:#181818;">by the </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Pla</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">for </font><font style="font-family:inherit;font-size:10pt;color:#181818;">in</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">v</font><font style="font-family:inherit;font-size:10pt;color:#181818;">est</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">m</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">nt management </font><font style="font-family:inherit;font-size:10pt;color:#181818;">ser</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">v</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ces for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#040404;">. </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Notes receiv</font><font style="font-family:inherit;font-size:10pt;color:#181818;">a</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">b</font><font style="font-family:inherit;font-size:10pt;color:#181818;">le </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">f</font><font style="font-family:inherit;font-size:10pt;color:#181818;">r</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">om participant</font><font style="font-family:inherit;font-size:10pt;color:#181818;">s ar</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">e also considered party</font><font style="font-family:inherit;font-size:10pt;color:#181818;">-i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">n</font><font style="font-family:inherit;font-size:10pt;color:#181818;">-</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">interest </font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ran</font><font style="font-family:inherit;font-size:10pt;color:#181818;">s</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">actions.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">The Pla</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">inv</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">sts in a Masco Co</font><font style="font-family:inherit;font-size:10pt;color:#181818;">r</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">poration Common Stock Fund</font><font style="font-family:inherit;font-size:10pt;color:#040404;">. </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">As of </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">&#32;a</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">d </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">2014</font><font style="font-family:inherit;font-size:10pt;color:#181818;">, t</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">h</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">v</font><font style="font-family:inherit;font-size:10pt;color:#181818;">a</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">lue of Masco Corporation Comm</font><font style="font-family:inherit;font-size:10pt;color:#464646;">o</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">n Stock Fund was </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">$1,801,139</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">$2,240,428</font><font style="font-family:inherit;font-size:10pt;color:#181818;">, </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">respect</font><font style="font-family:inherit;font-size:10pt;color:#181818;">i</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">vely</font><font style="font-family:inherit;font-size:10pt;color:#181818;">.</font></div><div><a name="sbb8342d31279456eb0851341483e186e"></a></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">H</font><font style="font-family:inherit;font-size:10pt;color:#181818;font-weight:bold;">.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#040404;font-weight:bold;">SUBSEQUENT EVENTS</font></div></td></tr></table><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">On January 1, 2016, Wellness Marketing Corporation was added as a currently participating employer; as a result, $447,382 in net assets were transferred into the Plan. </font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">Effective January 1, 2016, Milgard Corporation's hourly employees are no longer eligible for profit sharing benefits.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">The Plan has evaluated subsequ</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">nt events through th</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">date the financ</font><font style="font-family:inherit;font-size:10pt;color:#181818;">ial </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">s</font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">a</font><font style="font-family:inherit;font-size:10pt;color:#181818;">t</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">eme</font><font style="font-family:inherit;font-size:10pt;color:#181818;">n</font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">ts wer</font><font style="font-family:inherit;font-size:10pt;color:#181818;">e </font><font style="font-family:inherit;font-size:10pt;color:#2a2a2a;">issued</font><font style="font-family:inherit;font-size:10pt;color:#181818;">.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11</font></div></div><hr style="page-break-after:always"><div><a name="s4E9509F7AC6C46F72A50CDB624549072"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2015</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="11"></td></tr><tr><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:38%;"></td><td style="width:1%;"></td><td style="width:33%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(a)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(b)</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;Identity of Issue, </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Borrower or </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Similar Party</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(c)</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par or Maturity Value and Number of Shares Outstanding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(d) </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cost*</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(e) </font></div><div style="text-align:center;font-size:10pt;"><font 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style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Artisan Mid Cap Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;- Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,873 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,958,201</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font 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style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,001,184</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vanguard Wellington Fund</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">&#8482;</sub></font><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;- Admiral&#8482; Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">324,075 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,591,748</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dodge &amp; Cox Stock Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,113 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,413,129</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Harbor Capital Appreciation Fund </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;- Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">265,910 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,169,966</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Spartan&#174; Extended Market Index Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;- Fidelity Advantage Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,673</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fidelity&#174; Institutional Money Market </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Government Portfolio - Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,621,330 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,621,330</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fidelity&#174; Independence Fund - Class K</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">240,832 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,667,529</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Spartan&#174; 500 Index Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;- Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154,381 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,086,076</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fidelity&#174; Emerging Markets Fund - Class K</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74,899 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,629,045</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Spartan&#174; International Index Fund   </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;- Fidelity Advantage Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,164 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">508,929</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Spartan&#174; U.S. Bond Index Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;- Fidelity Advantage Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,666 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">478,738</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fidelity&#174; Diversified International </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">615,627 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,525,648</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fidelity&#174; Low-Priced Stock</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">490,557 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,298,013</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Small Capitalization Core</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class D</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,452 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,150,678</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date Income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,394 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">491,592</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Core Plus</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class K</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">612,103 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,913,802</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SCHEDULE H, LINE 4i - 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style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;Identity of Issue, </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Borrower or </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Similar Party</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(c)</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description 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colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(e) </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Current Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2005 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust 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style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,250 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">130,586</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2010 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,543 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,171,794</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2015 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">284,559 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,835,854</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2020 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">875,860 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,491,277</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2025 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">957,828 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,949,837</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2030 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,172,652 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,314,829</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2035 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">914,827 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,158,052</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2040 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">755,048 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,898,675</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2045 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">597,578 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,876,073</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2050 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">348,994 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,533,431</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2055 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,919 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,046,582</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIAM Target Date 2060 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collective Trust Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,981 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">410,346</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TopBuild Corp. Stock Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Stock Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,582 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">202,531</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Masco Corporation Company Stock Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Company Stock Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63,644 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,801,139</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Brokerage account</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Brokerage Account</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">368,145 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">368,145</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Notes Receivable from Participants</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ranging 1-15 years maturity with Rates of Interest, 3.25% - 8.25%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,261,140</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">225,958,572</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">* </font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">His</font><font style="font-family:inherit;font-size:9pt;color:#313131;">t</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">orical cost informa</font><font style="font-family:inherit;font-size:9pt;color:#313131;">tio</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">n </font><font style="font-family:inherit;font-size:9pt;color:#313131;">is no lo</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">nger req</font><font style="font-family:inherit;font-size:9pt;color:#313131;">u</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">ir</font><font style="font-family:inherit;font-size:9pt;color:#313131;">ed on </font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">t</font><font style="font-family:inherit;font-size:9pt;color:#313131;">he Sch</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">edule </font><font style="font-family:inherit;font-size:9pt;color:#313131;">o</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">f </font><font 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style="font-family:inherit;font-size:9pt;color:#1f1f1f;">t</font><font style="font-family:inherit;font-size:9pt;color:#313131;">ic</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">ipant directed </font><font style="font-family:inherit;font-size:9pt;color:#313131;">in</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">v</font><font style="font-family:inherit;font-size:9pt;color:#313131;">es</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">tme</font><font style="font-family:inherit;font-size:9pt;color:#313131;">nts</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">** Th</font><font style="font-family:inherit;font-size:9pt;color:#313131;">ese inv</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">estments are </font><font style="font-family:inherit;font-size:9pt;color:#313131;">with a party</font><font style="font-family:inherit;font-size:9pt;color:#020202;">-</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">i</font><font style="font-family:inherit;font-size:9pt;color:#313131;">n</font><font style="font-family:inherit;font-size:9pt;color:#1f1f1f;">-interes</font><font style="font-family:inherit;font-size:9pt;color:#313131;">t.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></div><hr style="page-break-after:always"><div><a name="s160484F7431717896155CDB624E0C84C"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SIGNATURE</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#141414;font-style:italic;">The Plan</font><font style="font-family:inherit;font-size:10pt;color:#050505;font-style:italic;">.</font><font style="font-family:inherit;font-size:9pt;color:#050505;font-style:italic;">&#32;&#32;</font><font style="font-family:inherit;font-size:10pt;color:#141414;">Pursuant to t</font><font style="font-family:inherit;font-size:10pt;color:#262626;">h</font><font style="font-family:inherit;font-size:10pt;color:#141414;">e re</font><font style="font-family:inherit;font-size:10pt;color:#262626;">qu</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ire</font><font style="font-family:inherit;font-size:10pt;color:#262626;">m</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ents </font><font style="font-family:inherit;font-size:10pt;color:#262626;">o</font><font style="font-family:inherit;font-size:10pt;color:#141414;">f t</font><font style="font-family:inherit;font-size:10pt;color:#262626;">h</font><font style="font-family:inherit;font-size:10pt;color:#141414;">e Sec</font><font style="font-family:inherit;font-size:10pt;color:#262626;">u</font><font style="font-family:inherit;font-size:10pt;color:#141414;">rities Exchange Act o</font><font style="font-family:inherit;font-size:10pt;color:#050505;">f </font><font style="font-family:inherit;font-size:10pt;color:#141414;">1</font><font style="font-family:inherit;font-size:10pt;color:#050505;">934, the tr</font><font style="font-family:inherit;font-size:10pt;color:#141414;">u</font><font style="font-family:inherit;font-size:10pt;color:#050505;">s</font><font style="font-family:inherit;font-size:10pt;color:#141414;">t</font><font style="font-family:inherit;font-size:10pt;color:#050505;">ees </font><font style="font-family:inherit;font-size:10pt;color:#141414;">(or other persons </font><font style="font-family:inherit;font-size:10pt;color:#262626;">who </font><font style="font-family:inherit;font-size:10pt;color:#141414;">adm</font><font style="font-family:inherit;font-size:10pt;color:#050505;">i</font><font style="font-family:inherit;font-size:10pt;color:#141414;">n</font><font style="font-family:inherit;font-size:10pt;color:#050505;">i</font><font style="font-family:inherit;font-size:10pt;color:#141414;">s</font><font style="font-family:inherit;font-size:10pt;color:#050505;">t</font><font style="font-family:inherit;font-size:10pt;color:#141414;">er the employee benefit plan) h</font><font style="font-family:inherit;font-size:10pt;color:#050505;">a</font><font style="font-family:inherit;font-size:10pt;color:#141414;">v</font><font style="font-family:inherit;font-size:10pt;color:#050505;">e duly caused t</font><font style="font-family:inherit;font-size:10pt;color:#141414;">h</font><font style="font-family:inherit;font-size:10pt;color:#050505;">is a</font><font style="font-family:inherit;font-size:10pt;color:#141414;">nnual report to be sig</font><font style="font-family:inherit;font-size:10pt;color:#262626;">n</font><font style="font-family:inherit;font-size:10pt;color:#141414;">ed </font><font style="font-family:inherit;font-size:10pt;color:#262626;">o</font><font style="font-family:inherit;font-size:10pt;color:#141414;">n i</font><font style="font-family:inherit;font-size:10pt;color:#262626;">t</font><font style="font-family:inherit;font-size:10pt;color:#141414;">s behalf by the undersigned h</font><font style="font-family:inherit;font-size:10pt;color:#050505;">ere</font><font style="font-family:inherit;font-size:10pt;color:#141414;">u</font><font style="font-family:inherit;font-size:10pt;color:#050505;">nto duly authorize</font><font style="font-family:inherit;font-size:10pt;color:#141414;">d</font><font style="font-family:inherit;font-size:10pt;color:#050505;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:48px;"></td><td style="width:133px;"></td><td style="width:33px;"></td><td style="width:469px;"></td></tr><tr><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Masco Corporation Hourly 401(k) Plan</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Masco Corporation, Plan Administrator of the Masco Corporation Hourly 401(k) Plan</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:48px;"></td><td style="width:133px;"></td><td style="width:33px;"></td><td style="width:469px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">June 24, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ John G. Sznewajs</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">John G. Sznewajs</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vice President, Chief Financial Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Authorized Signatory</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14</font></div></div><hr style="page-break-after:always"><div><a name="s28A89902BB98F5B598E8CDB624FD8CC7"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401 (k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT INDEX</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:89%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit Number</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Consent of Grant Thornton LLP relating to the Plan's financial statements</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15</font></div></div><hr style="page-break-after:always"><div><a name="s2A3D6C7EB52160AFAFD1CDB6252316E4"></a></div><div></div><div><br></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">CONSENT  OF INDEPENDENT   REGISTERED   PUBLIC  ACCOUNTING   FIRM</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have issued our report dated June 24</font><font style="font-family:inherit;font-size:10pt;color:#181818;">, </font><font style="font-family:inherit;font-size:10pt;color:#070707;">2016</font><font style="font-family:inherit;font-size:10pt;color:#181818;">, </font><font style="font-family:inherit;font-size:10pt;color:#070707;">with respect to the financial statements and supplemental schedule included </font><font style="font-family:Arial;font-size:10pt;color:#070707;">in </font><font style="font-family:inherit;font-size:10pt;color:#070707;">the Annual Report of the Masco Corporation Hourly 401(k) Plan on Form ll-K  for the year ended December 31, 2015</font><font style="font-family:inherit;font-size:10pt;color:#181818;">.  </font><font style="font-family:inherit;font-size:10pt;color:#070707;">We hereb</font><font style="font-family:inherit;font-size:10pt;color:#181818;">y </font><font style="font-family:inherit;font-size:10pt;color:#070707;">consent to the incorporation by reference of said report in the Registration Statements of Masco Corporation on Form S-8 (File Nos. 333-74815 and 333-168827).</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Grant Thornton LLP</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#070707;">Southfield, Michigan</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#070707;">June 24, 2016</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16</font></div></div>	</body>
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