Richard R Clifton Financial Disclosure Report for 2010

8/3/2019 Richard R Clifton Financial Disclosure Report for 2010

1/14

Rev. i/2011 iiiill !l FINANCIAL DISCLOSURE REPOR TFOR CALENDAR YEAR 20 10Report Required by the Ethicsin Government Act of 1978(5 U.S.C. app. 101-111)

1 . P e r s o n R e p o r t i n g ( l a s t n a m e , f i r s t, m i d d l e i n i t i a l )C l i f to n , R i c h a r d R .

4. Ti t l e (Ar t ic l e 111 j udges ind ica te ac t ive o r s en io r s t a tus ;mag i s t r a t e ju d ges i nd i cate fu l l - or par t - t i me)U.S o Ci rcu i t Ju d ge - Act iv e

7 . C h a m b e r s o r O f f ic e A d d r e s s9 9 9 Bis h op S t re e t , S u i t e 2 0 1 0H o n o l u l u , H a w a i i 9 6 8 1 3

2. Court or Or gan i z a t i on9th Cir c u i t

: 3 . D a t e o f R e p o r t05/13/2011

5a . R epor t Type (check app rop r i a t e type)] N o m i n a t i o n , D a t e[] Initial [] Annual [] Final5b. [] Amended Report8. O n t h e b a s i s o f t h e i n f o r m a t i o n c o n t a i n e d i n t h i s R e p o r t a n d a n ym o d i f ic a t i o n s p e r t a i n i n g t h e r e t o , i t i s , in m y o p i n i o n , i n c o m p l i a n c ew i t h a p p l i c a b l e l a w s a n d r e g u l a t i o n s .

R e v i e w i n g O f f i c e r D a t e

6 . R e p o r t i n g P e r i o d0 1 / 0 1 / 2 0 1 0

to12/31/2010

IMPORTANT NOTES : The ins truct ions accom panying this form must be fol lowed. Com plete al l par ts ,checking the NONE box for each pa rt where you have no reportable information. Sign on last page.

I . P O S I T I O N S . (Report ing individual on ly; seepp. 9-13 of fi l ing instruct ions.)D NONE (No reportable positions.)POSITION NAME OF ORGANIZATION/ENTITY

!. D i r e c t o r A m e r i c a n J u d i c a tu r e S o c i e t y , H a w a i i C h a p t e r2. D i r e c t o r H a w a i i P u b li c R a d i o3. D i r e c t o r H a w a i i W o m e n s L e g a l Fo u n d a t i o n4. D i r e c t o r N in th J u d ic i a l C i r c u i t H i s to r ic a l S o c ie ty

5. C o - tr u s te e T r u s ts #1 - #7

I I . A G R E E M E N T S . (Reporting individual only; seepp. 14-16 of filing instructions.)N O N E (No reportable agreements.)

I. 01/01/952.3.

DATE PARTIES AND TERMSC a d e s S c h u t t e Fl e m i n g & W r i g h t P a r tn e r s h i p R e s o l u t i o n s ( i n c l u d in g r e t i r e m e n t t e r m s , n o c o n t r o l )


2/14

FINANCIAL DISCLOSURE REPORTPage 2 o f 14

Name of Person R e p o r t i n gClifton, Richard R.

D a t e o f R e p o r t05/13/2011

Ill. N O N - I N V E S T M E N T I N C O M E . (~epo.ing individual u.dspouse; see pp. 17-24 Drilling instructions.)A. Fliers Non-lnvestment Income

~ (No reportable non-investment incom e.)ONEDATE SOURCE AND TYPE

2.

3.4.

INCOME( y o u r s , n o t s p o u s e s )

B . S p o u s e s N o n - I n v e s t m e n t I n c o m e - If you were married during anyportion of the reporting year, complete this section.(Dollar amoun t not required except for honoraria.)D NO N E (No reportable non-investment income.)

DATE SOURCE AND TYPE1. 2010 S e l f - e m p l o y e d , d i e t i t i a n c o n s u l t a n t2.3.

4.

I V . R E I M B U R S E M E N T S - transportation, lodging, food, entertainmen~(Includes those to sponse a nd dependen t children; see pp. 25-27 of f iling instructions.)

N O N E (No reportable reimbursements.)SOURCE DATES LOCATION

1.2.3.4.5.

P U R P O S E I T E M S PA I D O R P R O V ID E D


3/14

Name of Person ReportingP a g e F I N A N C I A L 3 o f 1 4 D I S C L O S U R E R E P O R T I Clifton, RichardR.

V . G I F T S . ~ Z n a n d e ~ ~ h o ~ e ~ o ~ p o ~ e ,n d , ~ e p en d e n ~ c h U d ~ e n ; ~ e e p p . : ~ - .~ o / ~ i n ~ instructions.)N O N E (No reportable gifts.)

SOURCE DESCRIPTION1 .2.

3.4.5.

Date of Repor t05/13/2011

VALUE

V I . L I A B I L I T I E S . a n t i .d e . ,I . o ~ e q s p o . s e . n d dependent children; s e e p p . 3 2 - 3 3 offiling instructions.)N O N E (No reportable liabilities.)

CREDITOR DESCRIPTION1 .2.3.4.5.

VALUE CODE


4/14

FINANCIAL DISCLOSURE REPORTPage 4 of 14

N a m e o f P e r s o n R e p o r t in gClif ton, Richard R.


V I I . I N V E S T M E N T S a n d T R U S T S - income, value, transactions (Includes those of spouse and dependent children; see pp. 34-60 of filing instructions.)[~] N O N E (No reportable income, assets, or transactions.)

2.

3.

4.

5.

6.

7.

8.

9.

1 0.

II.

1 2.

1 3 .

1 4 .

1 5 .

1 6.

1 7.

D e s c r i p t io n o f A s s e t s I n c o m e d u r i n g( i nc lud ing t r u s t a s s e t s ) r e p o r t i n g p e r i o d

(1) (2)Place "(X)" after each asset A m o u n t Type (e.g.,

exempt from prior disclosure C o d e 1 div., rent .( A - H ) o r i n t . )

First Hawai ian Bank savings A I n t e r e s tFirst Hawai ian Bank checking A I n t e r e s tHaw aii Central Credit Union A I n t e r e s tUniv of Haw aii FCU C I n t e r e s tGoodyear comm on NoneHawaiian Electric Industries com m on B Dividend

G r o s s v a l u e a t e n do f r e p o r t i n g p e r i o d(1) (2)

V a lu e V a l u eC o d e 2 M e t h o d(J-P) C o d e 3

( Q - W )

K TN TJ T

M TJ TK T

Transac t i ons d u r i n g r e p o r t i n g p e r i o d(l ) (2) (3)

T y p e (e.g., D a t e V al u eb u y , s e l l , mm/dd/yy C o d e 2

r e d e m p t i o n ) ( J - P )

(4 ) (5 )Gain Identi ty of

C o d e 1 " buyer /se l l e r(A -H) (if p r iva te

t r a n s a c t i o n )

Brok erage acct # 1 ~ ~i~- - Echostar comm on None-- Dish Network CI A com m on None- - IBM c o m m o n B Dividend-- Real Networks com mo n None-- Mor gan Stanley Bank A I n t e r e s t

J

KL

JJ

TTTTT

NATIXIS Cash Mgtm t TrustFidelity Grow th & Incom e (IRA)Fidelity M agellan Fun d (IRA)

None JA Dividend KA Dividend K

T

T

T

I. In c o m e G ain C ed es :( S e e C o l u m n s B I a n d D 4 )

2. Va l u e Co d e s( S e e C o l u n m s C I a n d D 3 )

3. V alue Meth o d C o d es(S e e Co l u mn C2)

A :$ 1 , 0 0 0 o r l e ssF =$50,001 -$100,000J = $ 1 5 , 000 o r l e s sN =$250.001- $500,000P3 =$25,000,001- $50,000,000Q= A p p ra i s a lU = B o o k V a l u e

=$1,001- $2,500=$100,001- $1,000,000=$15,001 -$50,000=$500,001 - $ 1,000,000=C o s t ( R ea l Es ta t e O n ly)=Other

C =$2,501 - $5,000H 1 =$1,000,001 - $5,000,000L =$50,001 - $ 100,000P 1 =$ 1,000,001 - $5,000,000P4 - M o re t h a n $ 5 0 , 000 , 000S = A s s e s s me n tW = E s t i ma t e d

D =$5,001 - $15,000H 2 =Mo r e Ih an $ 5 , 00 0 , 0 00M =$ 100,001 - $250,000P2 =$5,000.001 - $25,000,000T - C a s h M a r k e t

E :$ 1 5 , 001 - $ 5 0 , 000


5/14


Name of Person ReportingClif ton, Richard R.

Date of Repor t05/13/201 I

V I I . I N V E S T M E N T S a n d T R U S T S - income, value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of filing instructions.)~-] N O N E (No reportable income, assets, or transactions.)

A. B. C.D e s c r i p t io n o f A s s e t s I n c o m e d u r i n g G r o s s v a l u e a t e n d( i n c l u d i n g t r u s t a s s e t s ) r e p o r t in g p e r i o d o f r e p o r t i n g p e r i o d

(l) (2) (i) (2)Place "(X)" after each asset A m o u n t Type (e.g., Value Value

exempt from prior disclosure C o d e 1 d i v ., r e n t , C o d e 2 M e t h o d( A - H ) o r i n t . ) (J-P) C o d e 3( Q - W )

18 . Oppenehiner Grow th Fund A (IRA)19 .

20 . Brokerage acct #221 . - - Ballard Power Systems com mo n22 . - - C iena comm on23 . - - Intel comm on24 . -- Charles Schwab M oney M arket Fund25 . -- Hawaii state bonds26 .27 . IRA acct #3~28 . - - Intel comm on29 . - - Microsoft comm on30 . -- Temp leton G rowth Fund class A31 . -- Charles Schwab M oney M arket Fund32 .33 . CREF S tockFun d34. CREFGIobal Equi t i e s

(t )Type (e.g.,

b u y , s e l l ,r e d e m p t i o n )

T r a n s a c t i o n s d u r i n g r e p o r t i n g p e r i o d(2) (3) (4)

Dat e V a l u e Gainmm/d d /y y C o d e 2 C ode 1

( . l - P ) (A- H )

( s )Identity ofb u y e r / s e l l e r( i f p r i v s t e


A Dividend K

B

A

None J TNone J T

Dividend K TDividend K T

None Matured 1/20/10

AA

B

A

Dividend KDividend JDividend LDividend J

T

T

T

T

N o n e K TN o n e K T

1. In c o m e G ain C o d es : A =$1.000 o r le ss B =$1 ,00 1 - $2,500 C = $2,501 - $5,000 D = $5,001 - $15,000( S e e C o l u m n s B I a n d D 4 ) F ~$50 ,001 - $100,000 G =$1 00,001 - $1 ,000,000 HI =$1.000,001 - $5,000,000 H 2 =Mo r e th an $ 5 , 0 0 0 ,0 0 0

2. Va l u e Co d e s . J =$15,000 or less K = $15,001 - $50.000 L =$50,001 - $ 100,000 M =$ 100,001 - $250,000( S e e C o l u m n s C I a n d D 3 ) N =$250.001 - $500,000 O =$500,001 . $1 ,000,0 00 PI =$1 ,000,001 - $5,000,000 P2 =$5,000,001 - $25,000,000P3 ~$25.000.001 - $50.000,000 P4 -More than $50,000,0003 . V alue Meth o d C o d es Q =A p p r a i s a l R = Co s t (R e a l E s t a t e On l y ) S = A s s e s s me n t T = Ca s h M a rk e tI S c e Co l u mn C2) U = B o o k Va l u e V ~ Ot h c r W =Es t im a ted

E = $ 1 5 , 001 - $ 5 0 , 000


6/14


N a m e o f P e r s o n R e p o r t in gClif ton, Richard R.

Date of Report05/! 3 /2011

V I I . I N V E S T M E N T S a n d T R U S T S - i n c o m e , v a l u e , t r a n s a c t i o n s a n c l u d e s t h o s e o f s p o a s e a n d d e p e n d e n t children; see p p . 3 4 - 6 0 of filing instructions.)~] N O N E (No reportable income, assets, or transactions.)

35 .36 .37 .38 .39 .40 .41 .42 .43 .

A. B. C,D e s c r i p t io n o f A s s e t s I n c o m e d u r i n g G r o s s v a l u e a t e n d

( in c lu d in g t r u s t a s s e ts ) r e p o r t in g p e r io d o f r e p o r t i n g p e r io d( 1 ) ( 2 ) (l) (2)

Place "(X)" after each asset A m o u n t Type (e.g., V a l u e V a l u eexempt from prior disclosure C o d e 1 d i v . , r e n t , C o d e 2 M e th o d( A - H ) o r i n t . ) ( J -P) C o d e 3

( Q - W )

( l)Type (e.g.,b u y , s e l l ,

r e d e m p t i o n )

T r a n s a c t i o n s d u r i n g r e p o r t i n g p e r i o d

( 2 ) (3) (4)D a t e V a l u e Gai n

mm/dd/yy C o d e 2 C o d e I(J-P) ( A - H )

( 5 )Identity of

b u y e r / s e l l e r(if private


J P M o r g a n G r o u p E q u i t y I n d e x F u n d A ~ f i A Dividend K

JP Mor gan Group Equity Index Fund A[I~II~ A Dividend K

B r o k e r a g e a c c t # 6 ~ . i~ ~ * , ~

-- Berkshire H athaway Class A-- Charles Schwab Mon ey Market Fund A

N o n e N

D i v i d e n d JTT

44. H R - 1 0 a n d 4 0 1 K a c c t s ( f o r m e r l a w f i r m )4 5. - - A m e r ic an F un d s AM C A P Fu n d

None Pl

46 . -- Opp enheimer M ain Street Small CapFund47 . - - A m e r i c a n F u n d s I n v e s tm e n t C o o fA m e r i c a (H R - I 0 )48 . - - A m e r i c a n F u n d s W a s h M u t u a l I n v s( H R - 1 0 )49 . - - PI M C O To t a l Re t urn - A (HR-10)50 . -- Prudential Retirement Gu aranteed Incom eFund51 .

1. In co m e Gain Co des : A = $1 ,000 o r le ss B = $1.001 - $2,500 C = $2,501 - $5 ,000 D =$5,001 - $15,000(See Columns B I and 1341 F = $ 50 ,001 - $ 100 ,000 G = $ 1 00 ,0 01 - $ 1 .0 00 ,0 00 H 1 =$ 1 ,0 00 ,0 01 - $ 5, 00 0,0 00 H2 =More than $ 5,000,000

2. V a lue C o de s J = $15,000 o r l e s s K =$15.001 - $50.000 L -$50,00 1 - $100 ,000 M =$ 100,001 - $250,000(S e e Co l u mn s CI a n d D3 ) N =$250.001 - $500.000 O =$500.001 - $1 ,000,000 PI = $1 ,000,0 01 - $5,000,0 00 P2 =$5,000,001 - $25,000,000P3 =$25,000,001 - $50.000.000 P4 =M o re tha n $50,000,0003 . V alue Melh o d C o d es Q =Appraisal R =C o s ! ( R c o l Es ta t e O n ly) S = A s s e s s m e n t T = Ca s h M a rk e t( S C o lum v. C 2 ) U = n o o k Va l u e V = Ot h e r W = E s t i ma t e d

E = $ 1 5 , 001 - $ 5 0 , 000


7/14

FINANCIAL DISCLOSURE REPORTPage 7 of 14N a m e o f P e r so n R e p o r ti n gClifton, Richard R.


V I I . I N V E S T M E N T S a n d T R U S T S - income, value, transactions (Includes those of spouse and dependent children; see pp. 34-60 of filing instructions)N O N E (No reportable income, assets, or transactions.)

D e s cr ip ti o n o f A s s e t s T r a n s a c t io n s d u r in g r e p o r t in g p e r io d( i n c l u d in g t r u s t a s s e t s )Income during G r o s s v a l u e a t e n dr e p or ti n g p er io d o f r e po rt i n g p er io d

(1) (2) (1) (2) (1 )Place "(X)" after each asset A m o u n t Type (e.g., Value V a l u e Type (e.g.,

e x e m p t f r o m p r i o r d i s c lo s u r e C o d e 1 d i v . , r e n t , C o d e 2 M e th o d b u y , s e l l ,( A - H ) o r i n t , ) (J-P) C o d e 3 redemption)( Q - W )

(2) (3) (4)D a t e V a l u e Gai n

m rn /dd /y y C o de 2 C o de 1( J - P ) ( A - H )

(5 )I den t i ty o f

b u y e r / s e l l e r . . . .( i f p r iva tet r ansact i on)

None LNone M TNone J

5 2. N o r t hw e s tn M ut u al w h o le li fe53 . N o r t h w e s t n M u t u a l e x t r a o r d i n a r y l i fe54 . M i d l a n d N a t i o n a l w h o l e l i f e55 .56 . Trust # 1 ~v~"~

~ 5 7 . - - J P M o r g a n T a x F r e e M m k t P r e r n S w e e p! 58. - - C ul l e n Hi g h D i v i d E q F d C I I

59 . - - F M I La rg e C a p F d60 . - - H ar t f o r d M u t Cap App r ec i a t i on F d 1

I 61. - - I s h a r e s r r R u s s e l l 1 0 0 0 V a l u e I n d e x62 . - - I sha re s Tr S&P 5 00 I n de x F un d63 . - - Ivy Large Cap Growth Fd CI 16 4. - - J PM o r g an l n tr ep i d Am e r ic a Fd6 5. - - I sh a re s T r Co h en & S t ee r s R lt y M aj or66 . - - I sha re s Tr Rus se l l M i dc a p I n de x F un d6 7. - - J PM o r g a n M kt E xp a n s io n In d e x F d68 . - - J PM o rg a n M ul t i - c a p M kt N e ut ra l F d

D lnt ./Div. P 1

S o l dS o l dSold

S o l dS o l dS o l d

S o l dS o l dS o l d

S o l dS o l d

08/31/10 J A08/31/10 L E08/31/10 K C08/31/10 J B08/31/10 K A08/31/10 K C08/31/10 K A08/31/10 J A08/31/10 J A08/31/10 J A08/31/10 J A

1 , In co m e Ga in C 0dcs : A = $1.000 o r le ss B =$1.001 - $2.500 C =$2,501 - $5.000( S e e C o l u m n s B I a n d D 4 ) F =$50.001 - $100.000 G = $100.001 - $1 .000.000 HI =$1,000,001 - $5,000,0002. Va l u e Co d e s J -$15.011[) or less K = $15.001 - $50.000 L =$50.001 - $100,000

( Se e Co lum ns C I a n d D 3) N = $250.001 - $500.000 O =$500,001 - $ 1.000.000 P I =$1,000,001 - $5,000,000P 3 = $ 2 5 . 0 0 0 . D 0 | - $ 5 0 . D O O . O D O P4 =More than $50.000,0003 . V alue Meth o d C o d es Q =A p p r a i s a l R =C o s t { R ea l Es la l e O n ly) S = A s s e s s m e n t(S e e Co l u mn C2) U =B o o k V alue V = Ot h e r W = E s t i m a t e d

D =$5.001 - $15,000H 2 =Mo r e th an $ 5 , 0 0 0 ,0 0 0M =$100,001 - $250,000P2 =$5,000.001 - $25,000,000

= Ca s h M a rk e t

E =$15.001 - $50,000


8/14


N a m e o f P e r s o n R e p o r t in gClifton, Richard R.


V I I . I N V E S T M E N T S a n d T R U S T S - incom e, value, transa ctions (Includes those of spouse and depen dent children; seepp. 34-60 of filing instructions.)~ N O N E (No reportable income, assets, or transactions.)

A. B. C.Descr ip t ion of Asse ts In co m e du rin g Gro s s v a lu e a t e n d( i ncl u di ng t r u st as se t s) rep o rtin g pe r io d o f re p o r tin g p e r io d

(1) (2) (1) (2)Place "(X)" after each asset A m o u n t Type (e.g. , V a lu e V a lueexempt f rom p r io r d isc losure C o d e I div. , rent, C o d e 2 Method

Transac tions dur ing r epor t ing pe r iod(t ) (2) (3) (,~)T y p e ( e . g ., D a t e Value G a i nbuy, se l l , m m / d d / y y C o d e 2 C o d e 1r e d e m p t io n ) ( J - P ) ( A - H )

6 9. - - J PM o r g an S m a l l C a p E qu it y Fu n d7 0. - - J PM o r g a n T r H i g h br i dg e S ta t M kt N e u tFd71 . - - Dod ge & Cox Fd s ln t l S tk Fd7 2. - - I s ha r e s M S C I A l l C n t ry A s i a E x Ja p F d7 3. - - J PM o r ga n A s ia E qu it y Fd74 . - - J PM o rg a n I n t r e p i d I n t l F d Se l e c t75 . - - J PM o rg a n I n t e rn a t i o n a l E q ui t y I n de x7 6. - - T R o ~ v e Pr ic e ln t l F ds N e w A s ia Fd77 . - - I sha re s Tr B a rc l a ys T i p s B d F d78 . - - Gold ma n S a ch s T r H igh Yld Fd lns t l79 . - - J PM o rg a n S t r a t I n c m O p p ys F d Se l80 . - - J PM o r g a n H i g h Y i e l d B o n d F u n d S e l e c t81 . - - J PM o r g a n S h o r t D u r a t i o n B o n d F d82 . - - V a n g u a r d F x I n c S e c T m I n v t G r d83 .

184.

(A- H ) o r i n t . ) (J-P) Co de 3(Q-W)

S o l d 08/31110 J AS o ld 0 8 /3 1 /1 0 K AS o l d 08/31/10 K ES o ld 08 /31 /1 0 K DS o ld 0 8 /3 1 /1 0 K AS o ld 0 8 /3 1 /1 0 K AS o l d 08/31 / 10 K BS o l d 08/31/10 J CS o ld 08 /31 /1 0 K CS o ld !0 8 /31 /1 0 K CS o ld 0 8 /3 1 /1 0 K BS o ld 08 /31 /1 0 K AS o ld 08 /31 /1 0 M DS o l d 0 8 / 3 1 / 1 0 K C

(5 )Iden ti ty ofbuyer /se l l er( if p r iva tetr ansac tion)

85 .

I . In c o m e G ain C o d es : A =$ 1,000 or less B =$1 ,001 - $2,500 C =$2,501 - $5,000 D =$5,001 - $15,000I S e e Co l u mn s B I a n d D4 ) F =$50,001 - $100,000 G =$100,001 - $1,000,000 YII =$1,000,001 - $5,000,000 H 2 =Mo r e th an $ 5 , 0 0 0 ,0 0 02. V a lue C o de s J = $15,000 o r le ss K -$15,001 - $50.000 L =$50,001 - $100,000 M =$100,001 - $250,000(S c c Co l u mn s CI a n d D3 ) N =$250,001 - $500,000 O =$500,001 - $1 ,000,000 PI = $1 ,0 00,001 - $5 ,000,0 00 P2 = $5,000,001 - $25,000,000

P3 ~ $25,000,001 - $50.000.000 P4 = M o r e than $50,000,0003 . V alue Meth o d C o d es Q =Appraisal R :Co s t (R e a l E s t a t e On l y ) S = A s s e s s m e n t I = C a s h M a r k e t( S ec C o lun m C 2 ) U = B o o k V a l u e V = Ot h e r W = E s t i m a t e d

E =$15,001 - $50,000


9/14


N a m e o f P e r s on R e p o r ti n gClifton, Richard R.


V I I . I N V E S T M E N T S a n d T R U S T S - income, value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of filing instructions.)[~] N O N E (No reportable income, assets, or transactions.)

A. B. C.Descr ip t ion of Asse ts In co m e durin g Gro s s v a lue a t e n d( i ncl u d ing t r u st asse t s) rep or tin g p er io d o f re po rt in g p er io d

(1) (2) (1) (2)Place "(X)" after each asset A m o u n t Type (e.g. . V a l u e V a l u e

exempt f rom p r io r d isc losure C o d e I div. , rent, C o de 2 Metho d(A- H ) o r i n t . ) (J-P) C ode 3(Q-W)

86 . Trust #2! ~8 7. -- JP Morgan Tax Free Mm kt Prem Sweep8 8 . -- Dodge & Cox Fds Intl Stk Fd8 9. - - Eaton Vance lnv t Tr Lg Cap Val Fd I9 0. - - FM I La rg e C ap Fd91 . -- Hartford Mut Cap Appreciation Fd I92 . - - Ishares MSCI All Cntry As ia Ex Jp Fd93 . -- Ishares Russell Midcap Index Fd94. -- Ishares Tr S&P 500 Index Fd95 . -- Ivy Large Cap Gr ow th Fd C1196 . - - J PMo r gan As ia E qu i ty Fd97 . -- JPMorgan Highbridge Stat Mkt Neut Fd98 . -- JPMor gan lntm l Equity Index99 . - - JP Mo rgan l n t rep id Am er i ca Fd100. -- JPMorgan Intrepid Int l Fd Select101. -- JPM organ US Large Cap Core Plus Sel102. -- JPM organ US Real Estate Fun d

D Int./Div. N T

T r a n s a c t io n s d u r i n g r e p o r t i n g p e r i o d(4) (5)

Gai n Identity ofC o d e 1 b u y e r / s e l l e r( A - H ) (if private


(t ) (2) (3)Type (e.g., D a te V a lu e

b u y , se l l . m rr d d d /y y C o d e 2r e d e m p t i o n ) ( J - P )

S o l d 08/31/10 J ASold 0 8 / 3 1 / 1 0 K 1 3

Sold 08/31/10 L D

S o l d 0 8 / 3 1 / 1 0 K DSold 08131110 K D

S o l d 08 /3 1 1 1 0 K DSold 08/3 I/10 K A

Sold 08131110 K C

S o l d 08/31110 K DS o l d 08/31110 K AS o l d 07/14/10 K BS o l d 08/31/10 J ASold 07/14/10 J A

S o l d 08/31/10 J AS o l d 08/31/10 J A

I . In c o m e G ain C o d es : A =$1,000 or less B =$1,001 - $2,500 C =$2,501 $5,000 D =$5,001 - $15.000(S e e Co l u mn s B I a n d D4 ) F =$50,001 - $100,000 G =$1O 0,001 - $1 ,000,000 HI =$1,000,001 - $5,000,000 H2 =More than $5,000,000

2 . V alue C o d es J = $15,000 or less K = $15,001 - $ 50,000 L =$50,001 - $ 100 ,000 M =$ 100,001 - $250,000(S e e Co l u mn s CI a n d D3 ) N =$250,001 - $500,000 O =$500,0O I - $1 ,00 0,000 PI = $1 ,000 .001 - $5,0 00,000 P2 = $5,000,001 - $25,000,000

P3 =$25,000,001 - $50.000,000 P4 = M o re tha n $50,000,0003 . V alue Meth o d C o d es Q ~A p p r a i s a l R = Co s t (R e a l E s t a t e On l y ) S = A s s e s s m e n t T = Ca s h M a rk e t(S e e Co l u mn C2) U = B o o k V a l u e V = Ot h e r W = E s t i m a t e d

E =$15.001- $50,000


10/14


Name of Person ReportingClifton, Richard R.

Date of Repor t05/13/201 l

V I I . I N V E S T M E N T S a n d T R U S T S - income, value, transactions (Includes those of spouse and d e p e n d e n t children; see pp. 34-60 of filing instruction~)~-~ N O N E (No reportable income, assets, or transactions.)

A. B. C.D e s c r i p t i o n o f A s s e t s I n c o m e d u r i n g Gross value at en d( i n c lu din g t r u s t a s s e t s ) r e p o r ti n g p e r io d o f r e p o r t i n g p e r io d

(1) (2) (1) (2) (1 )P l a c e " ( X ) " a t ~ e r e a c h a s s e t Amount Type (e.g., Value Value Type (e.g.,

exempt from prior disclosure C o d e 1 d iv ., r e n t , C o d e 2 M e th o d b u y , s e l l ,( A - H ) o r i n t . ) (J-P) C o d e 3 r e d e m p t i o n )( Q - W )103. -- T Rowe Price lnt Fds New Asia Fd104. - - Ishares Tr Barclay Tips B d Fd105. - - Goldm an Sachs Tr High Yield Fd InstlI06 . -- JPMorgan High Yield Bond Fun d

-- Ishares Tr US Treas Intl Prot Fd-- JPMorgan Short Durat ion B ond Fd-- JPMorgan I Strat Incm Oppys Fd Sel-- Vanguard Fx Inc Sec Int Rm Invt G rd

107.

108.

109.

I10 .

111.

112.

113.

114.

T r u s t # 3 1RA)-- JPMor gan Deposi t Sweep lnst-- Aston Fds Tamro Small Cap Fd CI 1

115. -- FMI Large Cap Fd116. - - Ishares Russell Midcap G rowth Index Fd117. - - Ishares Russell Midcap Index FdI 18. - - lshares Russell 1000 Grow th Index119. - - Ishares Russell 1000 Value Index

T r a n s a c t i o n s d u r i n g r e p o r t i n g p e r i o d(4 ) (5 )

Gain I den t i ty o fCod e I buyer /se l l e r(A- H ) ( if p r iva te

t ransac t ion)

(2) (3)D a t e Value

mm/dd/yy C o d e 2(J-P)

S o l d 0 8 / 3 1 / 1 0 J BS o l d 08/31 / I 0 K DS o l d 0 8 / 3 1 / 1 0 K CS o l d 08/ 31/ 101 K ASold 08/31/101 J AS o l d 08 /31/10 M DSold 08 /31/10 K AS o l d 08/31/10 K C

D Int./Div. N

S o ld 0 8 /3 1 /1 0 .I AS o l d 0 8 / 3 1 / 1 0 L ES o ld 0 8/3 I/1 0 J AS o ld 08/3 I/I 0 K DS o l d 08/31/10 J BS o l d 08/31/I 0 K C

I . In c o m e G ain C o d c s : A =$1,000 o r le ss B =$1 ,001 - $2.500 C =$2,501 - $5,000(S e e Co l u mn s B I a n d D4 ) F =$50,001 - $100,000 G = $1 00 ,00 1 - $1 .0 00 ,0 00 H I = $1 ,0 00 ,0 01 - $5 ,0 00 ,0 002. V a lue C o de s J = $15,000 o r le s s K =$15,001 - $50,000 L =$50.001 - $100,000~ S e e Co l u ra n s CI a n d D3 ) N =$250,001 - $500,000 O=$500,001 - $1,000,000 PI -$1,000.001 -$5,000,000P3 =$25,000,001 - $50,000,000 P4 = M o r e than $50,000,0003 . V alue Meth o d C o d es Q = A p p r a i sa l R =C o s t ( R ea l Es ta t e O n ly) S = A s s e s s m e n t(S e e Co l u mn C2) U = B o o k V a l u e V = Ot h e r W = E s t i m a t e d

=$5,001 - $15,000H2 - M o re t h a n $ 5 , 000 ,000M =$100,001 - $250,000[2 =$5,000,001 - $25,000,000

= Ca s h M a rk e t

E =$15,001 - $50,000


11/14



Date of Report05/13/201 l

V I I . I N V E S T M E N T S a n d T R U S T S - i n c o m e , v a l u e , transactions (Includes those of spouse and dependent children; see pp. 34-60 of filing instructions.)D N O N E ( N o reportable income, assets, or transactions.)

A. B. C.D e s c r i p t i o n o f A s s e t s In co me durin g Gro ss va lue a t en d( i n c l u d i n g t r u s t a s s e t s ) r e p o r t i n g p e r i o d o f r e p o r t i n g p e r i o d

(l) (2) (l) (2)P l a c e " ( X ) " a f t e r e a c h a s s e t A m o u n t T y p e ( e . g . , Value Value T y p e ( e . g . ,e x e m p t f r o m p r i o r d i s c l o s u r e Code I div, rent , C o d e 2 M e t h o d b u y , s e l l ,( A - H ) o r i n t . } (J-P) C od e 3 r e d e m p t i o n )( Q - W )

T r a n s a c t io n s d u r i n g r e p o r t i n g p e r i o d( 4 ) ( 5 )G a i n Identity ofC o d e I buyer/sel ler

( A - H ) (if privatet ransact ion)

(2) (3)D a t e V al u em w d d d / y y C o d e 2

( J - P )

, 1 2 0 . -- J P M o r g a n A s i a E q u i t y Fd S o ld 0 8 /3 1 /1 0 K A121. - - J PM o rg a n D i ve r s i t i e d M i d C a p G ro wt h S o ld 0 8/3 1 /1 0 J AFd1 2 2 . -- J P M o r g a n G r o w t h A d v a n t a g e F d S e l e c t S o l d 08/3 I /10 K A1 2 3 . - - JP M o r g a n H i g h b r i d g e S t a t e M k t N e u t F d S o ld 0 8/3 1 /1 0 J A1 2 4 . - J P M o r g a n I n t e r n a t i o n a l V a l u e F d S o ld 0 8/3 1 /1 0 J A1 2 5 . -- J P M o r g a n I n t r e p i d A m e r i c a F u n d S o l d 08/31/10 K A1 2 6 . - - JP M orga n In t re p id In t l Fd S e le c t S o ld 0 8/3 1 /1 0 K A1 2 7 . - - J PM o r g a n U S L a r g e C a p C o r e P l u s S e l e ct S o l d 08/3 I/I 0 J A1 2 8 . -- J P M o r g a n U S R e a l E s t a t e F u n d S o l d 08/31/1~) J A129. - - J PM o r g a n H i g h Y i e l d B o n d F u n d S e l e c t S o ld 0 8/31 /1 0 K AC l a ss130. - J PM o r g a n S h o r t D u r a t i o n B o n d F u n d S o ld 0 8/3 1 /1 0 L BSe l e c t C l a ss1 3 1 . -- J P M o r g a n S t r a t l n c m O p p y s F d S e l S o l d 08/31/10 J B1 3 2 . - - M a n n i n g & N a p i e r N e w W o r l d O p p y s A S o ld 08 /31 /1 0 K D ,1 3 3 . -- S P D R T r U n i t S e r 1 S o ld 0 8/31 /1 0 K C1 3 4 . - - G o l dm a n S a c h s T r H i g h Y l d I F d I n s t l S o ld 0 8/31 /1 0 K B1 3 5. - - Is h a re s Ba rc la y s T ips Bd Fd S o ld 08 /31 /1 0 K A1 3 6 . -- V a n g u a r d F x In c S e c I n t T m l n v t G r d S o ld 08 /31 /1 0 K A

1. Income Gain Codes: A =$1 ,000 o r le ss B ~ $1 ,001 - $2,500 C =$2,501 - $5,000( S ee C o lum n s 13 1 an d D 4) F =$50,001 - $ 100.000 G =$ 100.001 - $1,000,000 H I =$1,000,001 - $5,000,000

2. V a lue C o de s J = $15.0 00 o r le s s K = $15,001 - $50,000 L -$50.001 $ 100,000(S e e C o lum ns ~ 1 a n d D 3) N =$250,001 . $500,0 00 O = $500,001 - $1 .000,000 PI ~ $1 ,000,0 01 - $5,000,0 00

P3 =$25.000,001 - $50,000.000 P4 = M o r e than $50,000,0003. Value Mclhod Codes Q =A p p r a i s a l R = C o s t ( R e a l E s t a t e O n l y ) S = A s s e s s m e n t{ S ee C o lum n C 2 ) U = B o o k V a l u e V = Ot h e r W = E s t i m a t e d

D =$5.001 - $15,000H 2 =Mo r e th an $ 5 , 00 0 , 0 00M =$ 100,001 - $250,000P2 =$5,000,001 - $25,000,000T = Ca s h M a rk e t

E =$15.001 - $50,000


12/14


N a m e o f P e r so n R e p o r ti n gClifton, Richard R.


V I I . IN V E S T M E N T S a nd T R U S T S - i n c ~ m e ~ v a l u e ~ t r a n s ~ c t i ~ n s a n d u d e s t h ~ s e ~ f s p ~ u s e a n d d e p e n d e n t c h i ~ d r e n ; s e e p p . ~ 4 - 6 ~ f ~ i ~ i n g i n s t r u c t i ~ n s . )N O N E (No reportable income, assets, or transactions.)

A. B. C.D e s c r ip t io n o f A s s e t s In c o m e d u r in g G r o s s v a lu e a t e n d( in c lu d in g tr u s t a s s e t s ) r e p o r ti n g p e r io d o f r e p o r t i n g p e r io d

O) (2) O) (2) ( i)Place ,(X)" after each asset A m o u n t Type (e.g., Value V a l u e Type (e.g.,

exempt from prior disclosure C o d e 1 d i v . , r e n t , C o d e 2 M e th o d b u y , s e l l ,( A - H ) o r i n t . ) (J-P) C o d e 3 r e d e m p t i o n )( Q - W )

T r a n s a c t i o n s d u r i n g r e p o r t i n g p e r i o d

(2 ) (3) (4)D a t e Value Gain

m rrddd/yy Co de 2 Co de 1(J-P) (A -H)

Identity ofb u y e r / s e l l e r(if private


137.1 3 8 . T r u s t # 4 I R A r o l l o v e r ) A Int./Div. M T1 3 9 . - - C a s h140.

141. Trust #5~ ~~

142.

1 4 3 . T r u s t144.

145. Trust#~ ~146.

1. In c o m e G ain C o d es :( S e e C o l u m n s B I a n d D 4 )

2.V alue C o d es(S e e Co l u mn s CI a n d D3 1

3.V alue Meth o d C o d es( S ee C o lum n C 2 1

A =$1.000 or lessF =$50.001 - $ 1 0 0 , 0 0 0J $ 15 . 0 0 0 o r l e s sN = $250.001 - $500,000P3 =$25,000,001 - $50,000 ,000Q =A p p r a i s a lU = B o o k V a l u e

B=$1,001 - $2,500G =$ 100 ,001 - $ 1.000 ,000K =$15,001 - $50,000O = $ 5 0 0 , 0 0 1 - $ 1,000,000R = C o s t I R e a l E s t a t e O n l y )V : O t h e r

C =$2.501 - $5,000H 1 =$1,000 ,001 o $5,000.000L =$50,001 - $ 100 ,000PI :$1,000,001 - $5,000,000P4 =More tha n $50,000,000S =A s s es s m en tW =Es t im a ted

D =$5,001 - $15,000H2 =More than $5,000,000M =$100,001 - $250,000P2 =$5,000,001 - $25,000,000T = C a s h M a r k e t

E =$15,001 - $50.000


13/14



Date of Report05/13/2011

VIII. ADDITIONAL INFORMATION OR EXPLANATIONS.1 . P o s i t io n s & V I I . I n v e s t m e n t s a n d T r u s t s

pas s ed aw ay m 2 0 1 0 .~~: - .~ h a d p a s s e d a w a y ~ n 2 0 0 6 . A s p r e v i o u s ly r e p o r t e d I h a v e b e e n a n d r e m a i n a c o - t r u s te e ( w ~ t h o u t c o m p e n s a t i o n )t o g e t h e r ~ ~ ~ . .. ~ . ~ , .. a n d a b a n k ( J P M o r g a n C h a s e , w h i c h ts c o m p e n s a t e d a n d w h , c h a c t u a l l y m a n a g e s t h e a c c o u n t s ) , o f t r u s t a c c o u n t s ~ d e n t l f i e d a s T r u s t s# 1- 3. Pa ym e n t s o u t we re m a de f o r t rus t e x p e n s e s a n d a s d i r e c t e d b y t he c ur re n t b e n e f i c i a ry , ~ :~ ! : ;"~ ~ ~ "~ .~ .~ whi l e ~ ; : : , .. . .. wa s s t i l l l i v i n g , a n d f o r p a ym e n t o ~o b l i g a t i o n s a n d f i n a l e x p e n s e s i~" ) ~ ~ n a s s i n ~ , t r i g g e r e d l i q u i d a t i o n o f a s s e t s h e l d i n t h o s e a c c o u n t s , c o n v e r t i n g t h e a s s e t s t o c a s h , a n d a l s o d i s t r i b u ti o n o fs o m e o f t h e a s s e t s t o h e i r s , b e n e f i c i a r ie s , a n d l e g a t e e s . I t a l s o m a d e m e r e s p o n s i b l e , a s c o - t r u s te e , f o r a d d i t i o n a l a c c o u n t s , i d e n t if i e d i n t h i s r e p o r t a s T r u s t s # 4 - 7.One of th os e a ccou n t s , id e n t i f i e d a s T ru s t #4 , a l re a d y e xi s t e d a nd h e ld a s s e t s w h e n I a s s u me d re s pons ib i l i ty . T h re e of th e a ccou n t s , id e n t i f i e d a s T ru s t s #5- 7 , w e recre a te d in l a t e 2 0 1 0 bu t w e re no t a c tu a l ly fu nd e d u n t i l 2 0 1 1 . I h a v e l i s t e d th e m h e re in bo th P a r t I a nd P a r t V l l , bu t th e y h a d no a s s e t s a s o f De ce mbe r 3 1 , 2 0 1 0 tor epor t .


14/14


IX . CERTIFICATION.Ia m e o f P e r s o n R e p o r t i n gClifton, Richard R. D a t e o f R e p o r t05/13/201 I

1 c e r t i fy t h a t a l l i n f o r m a t i o n g i v e n a b o v e ( i n c l u d in g i n f o r m a t i o n p e r t a i n i n g t o m y s p o u s e a n d m i n o r o r d e p e n d e n t c h i l d r e n , i f a n y ) i sa c c u r a te , t r u e , a n d c o m p l e t e t o t h e b e s t o f m y k n o w l e d g e a n d b e l i e f , a n d t h a t a n y i n f o r m a t i o n n o t r e p o r t e d w a s w i t h h e l d b e c a u s e i t m e t a p p l i c a b le s t a t u t o r yp r o v i s i o n s p e r m i t ti n g n o n - d i s c lo s u r e .

1 f u r t h e r ce r t i fy t h a t e a r n e d i n c o m e f r o m o u t s i d e e m p l o y m e n t a n d h o n o r a r i a a n d t h e a c c e p t a n c e o f g i f t s w h ic h h a v e b e e n r e p o r t e d a r e i nc o m p l i a n c e w i t h t h e p r o v i s i o n s o f 5 U . S . C . a p p . 5 0 1 c t . s e q. , 5 U .S . C . 7 3 5 3 , a n d J u d i c i a l C o n f e r e n c e r e g u l a t i o n s .

Signature: S/Richard R. Cl i fton

N O T E : A N Y I N D I V ID U A L W H O K N O W I N G LY A N D W I LF U L LY F A L S IF IE S O R F A I LS T O F IL E T H I S R E P O R T M A Y B E S U B J E C T T O C I V I LA N D C R I M I N A L SA NC TI O NS (5 U .S.C . a p p . 104)

Committee on Financial DisclosureAdministrative Office of the United States CourtsSuite 2-301One Columbus Circle, N.E.Washington, D.C. 20544

Documents

Richard R Clifton Financial Disclosure Report for 2010