-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Houx1IIbOfJ2uWVBzog0NNpxbn20m8fheAz0sUKljNEKaj0sUKwncFY1GBeBWPFm T4d27VsuXvQkImhE5YOOTA== 0001278249-10-000011.txt : 20100713 0001278249-10-000011.hdr.sgml : 20100713 20100713122647 ACCESSION NUMBER: 0001278249-10-000011 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100630 FILED AS OF DATE: 20100713 DATE AS OF CHANGE: 20100713 EFFECTIVENESS DATE: 20100713 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOWER BRIDGE ADVISORS CENTRAL INDEX KEY: 0001278249 IRS NUMBER: 233096014 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-10708 FILM NUMBER: 10949724 BUSINESS ADDRESS: STREET 1: 200 BARR HARBOR DRIVE CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6102602200 MAIL ADDRESS: STREET 1: 4 TOWER BRIDGE 200 BARR HARBOR DRIVE STREET 2: STE 222 CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR/A 1 sec13f0630102final.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entires. Institutional Investment Manager Filing this Report: Name: Tower Bridge Advisors Address: 200 Barr Harbor Drive Suite 222 West Conshohocken, PA 19428 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Person Signing this Report on Behalf of Reporting Manager: Name: Jeffrey Kachel Title: Chief Financial Officer Phone: 610-260-2205 Signature, Place, and Date of Signing: Jeffrey Kachel, West Conshohocken, PA July 13, 2010 Report Type (Check only one): [X] 13F HOLDING REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers 0 Form 13f Information Table Entry Total: 184 Form 13f Information Table Value Total: $438,717,177 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 06/30/10 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8) INVESTMENT VOTING AUTHORITY DISCRETION (SHARES) ----------------- --------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C) - ---------------------- ------ ---------- -------------- ------------ ----- ----- ----- -- ------------ ------------ ------------ 3M CO. COMMON 88579Y101 4,936,857 62,500 X X 50,796 0 11,704 A T & T INC (NEW) COMMON 00206R102 6,804,010 281,274 X X 231,150 0 50,124 ABBOTT LABS COMMON 002824100 2,566,491 54,863 X X 42,403 0 12,460 ACCENTURE PLC COMMON G1151C101 3,780,936 97,825 X X 48,125 0 49,700 ADOBE SYS INC COMMON 00724F101 5,327,099 201,555 X X 129,605 0 71,950 AIR PRODS & CHEMS INC COMMON 009158106 3,892,359 60,058 X 55,058 0 5,000 ALCOA INC COMMON 013817101 386,908 38,460 X X 37,010 0 1,450 ALLETE INC NEW COMMON 018522300 273,749 7,995 X X 7,895 0 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 414,732 16,050 X X 12,150 0 3,900 ALTRIA GROUP INC COMMON 02209S103 410,640 20,491 X X 13,340 0 7,151 AMERICAN EXPRESS CO. COMMON 025816109 997,860 25,135 X X 15,085 0 10,050 AMGEN INC COMMON 031162100 1,091,187 20,745 X 17,050 0 3,695 APACHE CORP COMMON 037411105 1,280,109 15,205 X 10,450 0 4,755 APHTON CORP COMMON 03759P101 0 15,000 X 0 0 15,000 APPLE COMPUTER INC COMMON 037833100 2,674,267 10,632 X 9,307 0 1,325 AQUA AMERICA INC COMMON 03836W103 679,990 38,461 X 32,749 0 5,712 AUTOMATIC DATA PROCES COMMON 053015103 3,085,325 76,635 X X 51,960 0 24,675 BANK OF AMERICA CORP COMMON 060505104 915,096 63,681 X X 59,625 0 4,056 BANK OF NEW YORK MELL COMMON 064058100 211,248 8,556 X 7,773 0 783 BAXTER INTERNATIONAL COMMON 071813109 735,665 18,102 X 17,602 0 500 BB&T CORP COMMON 054937107 1,070,253 40,679 X X 31,151 0 9,528 BECKMAN COULTER INC COMMON 075811109 292,407 4,850 X 4,850 0 0 BECTON DICKINSON & CO COMMON 075887109 7,294,234 107,871 X X 70,151 0 37,720 BERKSHIRE HATHAWAY IN COMMON 084670108 1,440,000 12 X 11 0 1 BERKSHIRE HATHAWAY IN COMMON 084670702 1,194,155 14,985 X 13,899 0 1,086 BEST BUY INC COMMON 086516101 1,354,231 39,995 X X 21,570 0 18,425 BLACKROCK INSD MUN TE MUTUAL 092474105 120,840 12,000 X 7,000 0 5,000 BLACKROCK MUN BD FD I MUTUAL 09253C504 104,879 13,947 X 13,947 0 0 BOARDWALK PIPELINE PA COMMON 096627104 3,912,205 130,060 X X 70,600 0 59,460 BOEING CO. COMMON 097023105 818,448 13,043 X X 5,683 0 7,360 BP PLC ADR COMMON 055622104 877,374 30,380 X 29,646 0 734 BRISTOL MYERS SQUIBB COMMON 110122108 1,013,063 40,620 X X 36,620 0 4,000 BRYN MAWR BANK CORP COMMON 117665109 736,709 43,904 X 31,704 0 12,200 CAMPBELL SOUP CO COMMON 134429109 630,608 17,600 X 17,600 0 0 CARNIVAL CORP PAIRED COMMON 143658300 2,920,156 96,566 X X 71,941 0 24,625 CATERPILLAR INC COMMON 149123101 8,178,170 136,144 X X 92,474 0 43,670 CHESAPEAKE ENERGY COR COMMON 165167107 740,666 35,354 X 30,754 0 4,600 CHEVRONTEXACO CORP COMMON 166764100 6,415,207 94,536 X X 73,926 0 20,610 CHUBB CORP COMMON 171232101 260,052 5,200 X X 2,100 0 3,100 CISCO SYSTEMS INC COMMON 17275R102 8,826,922 414,215 X X 261,191 0 153,024 CITIGROUP INC COMMON 172967101 228,935 60,887 X X 32,887 0 28,000 COCA COLA CO. COMMON 191216100 1,931,324 38,534 X X 26,134 0 12,400 COLGATE PALMOLIVE CO COMMON 194162103 6,598,814 83,784 X X 45,630 0 38,154 CONOCOPHILLIPS COMMON 20825C104 2,043,175 41,621 X 33,726 0 7,895 CONSOLIDATED EDISON I COMMON 209115104 230,456 5,347 X X 3,041 0 2,306 CORNING INC COMMON 219350105 666,155 41,248 X 40,848 0 400 COSTCO WHOLESALE COMMON 22160K105 6,650,650 121,296 X X 75,407 0 45,888 CVS CORP COMMON 126650100 8,031,351 273,921 X X 172,686 0 101,235 D R HORTON INC COMMON 23331A109 1,316,699 133,947 X 97,047 0 36,900 DANAHER CORP SHS BEN COMMON 235851102 218,191 5,878 X 3,942 0 1,936 DENTSPLY INTL INC NEW COMMON 249030107 4,871,747 162,880 X X 71,670 0 91,210 DEVON ENERGY CORP NEW COMMON 25179M103 2,763,636 45,365 X X 33,715 0 11,650 DIAGEO PLC ADR SPONSO COMMON 25243Q205 5,723,866 91,232 X X 62,757 0 28,475 DISNEY WALT COMPANY COMMON 254687106 1,104,485 35,063 X X 30,801 0 4,262 DODGE & COX INCOME FD MUTUAL 256210105 217,438 16,485 X 16,485 0 0 DOMINION RES INC VA N COMMON 25746U109 1,442,988 37,248 X X 30,748 0 6,500 DU PONT E I DE NEMOUR COMMON 263534109 2,007,258 58,030 X X 47,830 0 10,200 DUKE ENERGY CORP COMMON 26441C105 601,536 37,596 X X 33,900 0 3,696 E M C CORP MASS COMMON 268648102 4,915,636 268,614 X X 200,939 0 67,675 EATON VANCE NATL MUNS MUTUAL 27826L249 105,673 11,019 X 11,019 0 0 ECOLAB INC COMMON 278865100 336,825 7,500 X 7,500 0 0 EMERSON ELECTRIC CO COMMON 291011104 2,600,385 59,519 X X 43,750 0 15,769 ENTERGY CORP NEW COMMON 29364G103 408,520 5,704 X 2,258 0 3,446 ENTERPRISE PRODS PART COMMON 293792107 3,688,503 104,283 X X 45,448 0 58,835 EQT CORP COM COMMON 26884L109 248,354 6,872 X 0 0 6,872 EXELON CORP COMMON 30161N101 342,641 9,024 X X 3,050 0 5,974 EXXON MOBIL COMMON 30231G102 23,963,909 419,904 X X 311,378 0 108,526 FEDERATED GOVT INCOME MUTUAL 313912107 94,837 10,456 X 10,456 0 0 FEDEX CORP COMMON 31428X106 6,843,951 97,617 X X 67,340 0 30,277 FLUOR CORP NEW COM COMMON 343412102 4,635,220 109,064 X X 60,639 0 48,425 FRANKLIN RESOURCES IN COMMON 354613101 5,887,553 68,309 X 35,459 0 32,850 FRANKLIN TAX FREE TR MUTUAL 354723801 217,522 21,037 X 21,037 0 0 FULTON FINL CORP PA COMMON 360271100 307,275 31,842 X 31,842 0 0 GENERAL ELECTRIC CO COMMON 369604103 10,128,508 702,393 X X 526,348 0 176,045 GENERAL MILLS INC COMMON 370334104 1,211,232 34,100 X 29,200 0 4,900 GENESEE & WYO INC CL COMMON 371559105 286,093 7,668 X 0 0 7,668 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,241,773 36,512 X X 28,856 0 7,656 GOLDMAN SACHS GROUP I PREFERR 38143Y665 2,766,993 154,150 X X 125,650 0 28,500 GOLDMAN SACHS GROUP I PREFERR 38144G804 424,607 23,550 X 12,550 0 11,000 GOOGLE INC CL A COMMON 38259P508 5,931,184 13,330 X X 10,136 0 3,194 HALLIBURTON CO. COMMON 406216101 427,514 17,414 X 17,414 0 0 HCP INC COMMON 40414L109 266,837 8,274 X X 3,088 0 5,186 HEINZ H J CO. COMMON 423074103 847,112 19,600 X X 7,200 0 12,400 HERSHEY FOODS CORP COMMON 427866108 845,198 17,634 X 11,100 0 6,534 HEWLETT PACKARD CO. COMMON 428236103 4,105,454 94,858 X X 72,865 0 21,993 HOME DEPOT INC COMMON 437076102 1,054,176 37,555 X X 35,255 0 2,300 ILLINOIS TOOL WORKS I COMMON 452308109 2,636,058 63,858 X X 46,056 0 17,802 INGERSOLL-RAND PLC COMMON G47791101 488,930 14,176 X 14,176 0 0 INT'L BUSINESS MACH. COMMON 459200101 8,921,677 72,252 X X 53,656 0 18,596 INTEL CORP COMMON 458140100 4,688,189 241,038 X X 157,702 0 83,336 ITT CORP NEW COM COMMON 450911102 1,277,839 28,447 X 17,637 0 10,810 J P MORGAN CHASE & CO COMMON 46625H100 5,649,399 154,313 X X 115,740 0 38,573 JACKSON HEWITT TAX SV COMMON 468202106 11,300 10,000 X 0 0 10,000 JANUS OVERSEAS FD MUTUAL 471023846 231,157 5,635 X 5,635 0 0 JOHNSON & JOHNSON COMMON 478160104 19,699,214 333,546 X X 240,319 0 93,227 JPMORGAN CHASE & CO PREFERR 46625H621 628,468 23,600 X 10,300 0 13,300 KELLOGG CO. COMMON 487836108 6,568,639 130,589 X X 79,788 0 50,801 KIMBERLY CLARK CORP COMMON 494368103 1,780,582 29,368 X 29,368 0 0 KINDER MORGAN EGY PTN COMMON 494550106 4,018,756 61,770 X X 31,780 0 29,990 KOHLS CORP COMMON 500255104 219,688 4,625 X 4,300 0 325 KRAFT FOODS INC CL A COMMON 50075N104 1,081,360 38,620 X X 19,204 0 19,416 LINCOLN NATL CORP COMMON 534187109 456,312 18,786 X X 11,565 0 7,221 LOWE'S COS INC COMMON 548661107 5,843,597 286,170 X X 180,005 0 106,165 L-3 COMMUNICATIONS HO COMMON 502424104 1,779,855 25,125 X X 8,850 0 16,275 MAGELLAN MIDSTREAM PA COMMON 559080106 1,122,000 24,000 X 7,900 0 16,100 MAIRS & POWER GROWTH MUTUAL 560636102 243,640 3,957 X 3,957 0 0 MARRIOTT INTL INC NEW COMMON 571903202 893,232 29,834 X X 18,740 0 11,094 MCDONALD'S CORP COMMON 580135101 7,015,175 106,500 X X 76,923 0 29,577 MEDCO HEALTH SOLUTION COMMON 58405U102 287,241 5,215 X 3,167 0 2,048 MEDTRONIC INC COMMON 585055106 6,991,845 192,772 X X 134,062 0 58,710 MERCK & COMPANY COMMON 58933Y105 2,216,608 63,386 X X 48,454 0 14,932 MERITOR SVGS BK PA COMMON 590007100 54,560 22,000 X 0 0 22,000 METLIFE INC PFD A FLT PREFERR 59156R504 919,080 41,400 X 22,600 0 18,800 MICROSOFT CORP COMMON 594918104 7,610,504 330,748 X X 226,905 0 103,843 MORGAN STANLEY PFD A PREFERR 61747S504 362,615 20,900 X 11,700 0 9,200 NEWMONT MNG CORP COMMON 651639106 265,482 4,300 X 4,000 0 300 NEXTERA ENERGY INC CO COMMON 65339F101 1,053,704 21,610 X X 17,460 0 4,150 NIKE INC CL B COMMON 654106103 1,993,198 29,507 X X 16,657 0 12,850 NOBLE CORPORATION COMMON H5833N103 458,704 14,840 X 14,310 0 530 NOBLE ENERGY COMMON 655044105 277,518 4,600 X 0 0 4,600 NOKIA CORP ADR COMMON 654902204 795,440 97,600 X X 39,400 0 58,200 NORFOLK SOUTHERN CORP COMMON 655844108 1,685,982 31,781 X X 25,431 0 6,350 NOVARTIS AG SPONSORED COMMON 66987V109 5,392,963 111,609 X X 80,389 0 31,220 NUCOR CORP COMMON 670346105 770,079 20,117 X X 8,967 0 11,150 OMNICOM GROUP COMMON 681919106 606,836 17,692 X 14,042 0 3,650 OPPENHEIMER INTL BD F MUTUAL 68380T509 101,540 16,351 X 16,351 0 0 OPTIONSXPRESS HLDGS I COMMON 684010101 563,492 35,800 X 0 0 35,800 ORACLE SYS CORP COMMON 68389X105 7,131,458 332,314 X X 202,164 0 130,150 PENNSYLVANIA REIT COMMON 709102107 1,474,688 120,678 X X 88,972 0 31,706 PEPSICO INC COMMON 713448108 6,446,724 105,771 X X 73,633 0 32,138 PETROLEO BRASIL SPONS COMMON 71654V408 213,985 6,235 X 6,035 0 200 PETROLEO BRASILEIRO S COMMON 71654V101 4,011,497 134,614 X X 72,564 0 62,050 PFIZER INC COMMON 717081103 3,671,850 257,493 X X 208,194 0 49,299 PHILIP MORRIS INTL IN COMMON 718172109 2,799,953 61,081 X X 37,530 0 23,551 PIEDMONT NAT GAS INC COMMON 720186105 422,510 16,700 X 8,000 0 8,700 PNC FINANCIAL CORP COMMON 693475105 499,178 8,835 X 5,224 0 3,611 PPG INDUSTRIES INC COMMON 693506107 1,028,601 17,027 X X 15,090 0 1,937 PPL CORP COMMON 69351T106 966,613 38,742 X 22,806 0 15,936 PRAXAIR INC COMMON 74005P104 3,033,521 39,920 X X 28,145 0 11,775 PROCTER & GAMBLE CO COMMON 742718109 7,732,142 128,912 X X 109,526 0 19,386 PROGRESS ENERGY INC C COMMON 743263105 550,061 14,025 X X 5,925 0 8,100 PROTECTED BUY-WRITE 0 PREFERR 61747S850 243,875 25,000 X 25,000 0 0 PROTECTED BUY-WRITE 1 PREFERR 61750V840 144,225 15,000 X 15,000 0 0 PUBLIC SVC ENTERPRISE COMMON 744573106 270,065 8,620 X 7,000 0 1,620 QNB CORP COMMON 74726N107 419,293 21,230 X 15,094 0 6,136 QUALCOMM INC COMMON 747525103 5,501,673 167,530 X X 103,105 0 64,425 RANGE RES CORP COM COMMON 75281A109 1,305,839 32,524 X 16,729 0 15,795 RAYMOND JAMES FINANCI COMMON 754730109 3,532,719 143,083 X X 90,283 0 52,800 RESEARCH IN MOTION LT COMMON 760975102 1,054,312 21,403 X X 13,703 0 7,700 ROYAL DUTCH SHELL PLC COMMON 780259206 833,652 16,600 X X 15,100 0 1,500 SANDISK CORP COMMON 80004C101 811,951 19,300 X 19,300 0 0 SBM OFFSHORE NV COMMON N7752F148 586,074 40,531 X X 38,062 0 2,469 SCHLUMBERGER LTD COMMON 806857108 7,147,825 129,162 X X 91,162 0 38,000 SIMON PPTY GROUP INC COMMON 828806109 210,273 2,604 X 2,604 0 0 STAPLES INC COMMON 855030102 285,026 14,962 X X 13,362 0 1,600 STATE STREET CORP COMMON 857477103 5,803,952 171,613 X X 124,188 0 47,425 SUPERVALU INC COMMON 868536103 158,242 14,598 X X 1,755 0 12,843 SYSCO CORP COMMON 871829107 1,619,189 56,674 X X 39,224 0 17,450 TARGET CORP COMMON 87612E106 801,520 16,301 X X 8,301 0 8,000 TELEFONICA S A ADR COMMON 879382208 248,108 4,468 X X 0 0 4,468 TEVA PHARMACEUTICAL COMMON 881624209 9,775,047 188,018 X X 111,528 0 76,490 TEXAS INSTRUMENTS INC COMMON 882508104 828,023 35,568 X X 32,168 0 3,400 THERMO FISHER SCIENTI COMMON 883556102 1,040,301 21,209 X 21,209 0 0 TOYOTA MTR CORP ADR 1 COMMON 892331307 2,461,663 35,900 X X 23,230 0 12,670 TRANSOCEAN LTD COMMON H8817H100 1,077,404 23,255 X X 21,005 0 2,250 ULTRA PETROLEUM CORP COMMON 903914109 1,512,023 34,170 X 21,510 0 12,660 UNILEVER N V COMMON 904784709 301,831 11,048 X X 4,200 0 6,848 UNION PACIFIC CORP COMMON 907818108 599,593 8,626 X X 2,462 0 6,164 UNITED PARCEL SVC INC COMMON 911312106 217,604 3,825 X 3,825 0 0 UNITED TECHNOLOGIES C COMMON 913017109 6,033,467 92,951 X X 76,619 0 16,332 UNIVEST CORP PA COMMON 915271100 364,673 21,055 X 21,055 0 0 VANGUARD INDEX FDS LA MUTUAL 922908637 428,106 9,130 X 9,130 0 0 VANGUARD INDEX TR MID MUTUAL 922908629 241,175 4,110 X 4,010 0 100 VANGUARD INTERM-TERM MUTUAL 922907878 300,613 22,153 X 0 0 22,153 VANGUARD MUN BD FD IN MUTUAL 922907803 400,503 25,173 X 25,173 0 0 VERIZON COMMUNICATION COMMON 92343V104 1,705,550 60,869 X X 46,745 0 14,124 VISA INC COM CL A COMMON 92826C839 5,021,128 70,970 X 45,950 0 25,020 VODAFONE GROUP PLC NE COMMON 92857W209 251,513 12,168 X X 10,632 0 1,536 WAL MART STORES INC COMMON 931142103 615,296 12,800 X X 9,900 0 2,900 WASATCH ADVISORS FDS MUTUAL 936772201 200,300 7,302 X 7,302 0 0 WELLS FARGO & CO NEW COMMON 949746101 1,158,118 45,239 X X 31,839 0 13,400 WHIRLPOOL CORP COMMON 963320106 349,085 3,975 X 2,675 0 1,300 WILLIS GROUP HOLDINGS COMMON G96666105 3,342,912 111,245 X X 62,290 0 48,955 YUM BRANDS INC COMMON 988498101 2,420,909 62,011 X X 30,531 0 31,480
TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 06/30/10 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) INVESTMENT DISCRETION --------------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) - ---------------------- ------ ---------- -------------- ------------ ---------- ---------- ---------- 3M CO. COMMON 88579Y101 4,936,857 62,500 60,300 2,200 A T & T INC (NEW) COMMON 00206R102 6,804,010 281,274 270,462 10,812 ABBOTT LABS COMMON 002824100 2,566,491 54,863 42,883 11,980 ACCENTURE PLC COMMON G1151C101 3,780,936 97,825 87,425 10,400 ADOBE SYS INC COMMON 00724F101 5,327,099 201,555 200,855 700 AIR PRODS & CHEMS INC COMMON 009158106 3,892,359 60,058 60,058 ALCOA INC COMMON 013817101 386,908 38,460 37,260 1,200 ALLETE INC NEW COMMON 018522300 273,749 7,995 7,895 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 414,732 16,050 12,150 3,900 ALTRIA GROUP INC COMMON 02209S103 410,640 20,491 15,640 4,851 AMERICAN EXPRESS CO. COMMON 025816109 997,860 25,135 24,535 600 AMGEN INC COMMON 031162100 1,091,187 20,745 20,745 APACHE CORP COMMON 037411105 1,280,109 15,205 15,205 APHTON CORP COMMON 03759P101 0 15,000 15,000 APPLE COMPUTER INC COMMON 037833100 2,674,267 10,632 10,632 AQUA AMERICA INC COMMON 03836W103 679,990 38,461 38,461 AUTOMATIC DATA PROCES COMMON 053015103 3,085,325 76,635 70,885 5,750 BANK OF AMERICA CORP COMMON 060505104 915,096 63,681 62,451 1,230 BANK OF NEW YORK MELL COMMON 064058100 211,248 8,556 8,556 BAXTER INTERNATIONAL COMMON 071813109 735,665 18,102 18,102 BB&T CORP COMMON 054937107 1,070,253 40,679 33,629 7,050 BECKMAN COULTER INC COMMON 075811109 292,407 4,850 4,850 BECTON DICKINSON & CO COMMON 075887109 7,294,234 107,871 105,371 2,500 BERKSHIRE HATHAWAY IN COMMON 084670108 1,440,000 12 12 BERKSHIRE HATHAWAY IN COMMON 084670702 1,194,155 14,985 14,985 BEST BUY INC COMMON 086516101 1,354,231 39,995 37,995 2,000 BLACKROCK INSD MUN TE MUTUAL 092474105 120,840 12,000 12,000 BLACKROCK MUN BD FD I MUTUAL 09253C504 104,879 13,947 13,947 BOARDWALK PIPELINE PA COMMON 096627104 3,912,205 130,060 128,510 1,550 BOEING CO. COMMON 097023105 818,448 13,043 6,043 7,000 BP PLC ADR COMMON 055622104 877,374 30,380 30,380 BRISTOL MYERS SQUIBB COMMON 110122108 1,013,063 40,620 36,620 4,000 BRYN MAWR BANK CORP COMMON 117665109 736,709 43,904 43,904 CAMPBELL SOUP CO COMMON 134429109 630,608 17,600 17,600 CARNIVAL CORP PAIRED COMMON 143658300 2,920,156 96,566 94,666 1,900 CATERPILLAR INC COMMON 149123101 8,178,170 136,144 126,294 9,850 CHESAPEAKE ENERGY COR COMMON 165167107 740,666 35,354 35,354 CHEVRONTEXACO CORP COMMON 166764100 6,415,207 94,536 84,191 10,345 CHUBB CORP COMMON 171232101 260,052 5,200 2,800 2,400 CISCO SYSTEMS INC COMMON 17275R102 8,826,922 414,215 381,065 33,150 CITIGROUP INC COMMON 172967101 228,935 60,887 35,887 25,000 COCA COLA CO. COMMON 191216100 1,931,324 38,534 28,134 10,400 COLGATE PALMOLIVE CO COMMON 194162103 6,598,814 83,784 82,684 1,100 CONOCOPHILLIPS COMMON 20825C104 2,043,175 41,621 41,621 CONSOLIDATED EDISON I COMMON 209115104 230,456 5,347 3,041 2,306 CORNING INC COMMON 219350105 666,155 41,248 41,248 COSTCO WHOLESALE COMMON 22160K105 6,650,650 121,296 118,594 2,702 CVS CORP COMMON 126650100 8,031,351 273,921 266,321 7,600 D R HORTON INC COMMON 23331A109 1,316,699 133,947 133,947 DANAHER CORP SHS BEN COMMON 235851102 218,191 5,878 5,878 DENTSPLY INTL INC NEW COMMON 249030107 4,871,747 162,880 159,080 3,800 DEVON ENERGY CORP NEW COMMON 25179M103 2,763,636 45,365 44,315 1,050 DIAGEO PLC ADR SPONSO COMMON 25243Q205 5,723,866 91,232 89,232 2,000 DISNEY WALT COMPANY COMMON 254687106 1,104,485 35,063 33,463 1,600 DODGE & COX INCOME FD MUTUAL 256210105 217,438 16,485 16,485 DOMINION RES INC VA N COMMON 25746U109 1,442,988 37,248 31,348 5,900 DU PONT E I DE NEMOUR COMMON 263534109 2,007,258 58,030 51,530 6,500 DUKE ENERGY CORP COMMON 26441C105 601,536 37,596 34,900 2,696 E M C CORP MASS COMMON 268648102 4,915,636 268,614 267,314 1,300 EATON VANCE NATL MUNS MUTUAL 27826L249 105,673 11,019 11,019 ECOLAB INC COMMON 278865100 336,825 7,500 7,500 EMERSON ELECTRIC CO COMMON 291011104 2,600,385 59,519 53,619 5,900 ENTERGY CORP NEW COMMON 29364G103 408,520 5,704 5,704 ENTERPRISE PRODS PART COMMON 293792107 3,688,503 104,283 102,583 1,700 EQT CORP COM COMMON 26884L109 248,354 6,872 6,872 EXELON CORP COMMON 30161N101 342,641 9,024 7,924 1,100 EXXON MOBIL COMMON 30231G102 23,963,909 419,904 401,629 18,275 FEDERATED GOVT INCOME MUTUAL 313912107 94,837 10,456 10,456 FEDEX CORP COMMON 31428X106 6,843,951 97,617 95,117 2,500 FLUOR CORP NEW COM COMMON 343412102 4,635,220 109,064 106,664 2,400 FRANKLIN RESOURCES IN COMMON 354613101 5,887,553 68,309 68,309 FRANKLIN TAX FREE TR MUTUAL 354723801 217,522 21,037 21,037 FULTON FINL CORP PA COMMON 360271100 307,275 31,842 31,842 GENERAL ELECTRIC CO COMMON 369604103 10,128,508 702,393 660,342 42,051 GENERAL MILLS INC COMMON 370334104 1,211,232 34,100 34,100 GENESEE & WYO INC CL COMMON 371559105 286,093 7,668 7,668 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,241,773 36,512 35,112 1,400 GOLDMAN SACHS GROUP I PREFERR 38143Y665 2,766,993 154,150 152,650 1,500 GOLDMAN SACHS GROUP I PREFERR 38144G804 424,607 23,550 23,550 GOOGLE INC CL A COMMON 38259P508 5,931,184 13,330 13,080 250 HALLIBURTON CO. COMMON 406216101 427,514 17,414 17,414 HCP INC COMMON 40414L109 266,837 8,274 6,674 1,600 HEINZ H J CO. COMMON 423074103 847,112 19,600 10,800 8,800 HERSHEY FOODS CORP COMMON 427866108 845,198 17,634 17,634 HEWLETT PACKARD CO. COMMON 428236103 4,105,454 94,858 91,483 3,375 HOME DEPOT INC COMMON 437076102 1,054,176 37,555 36,355 1,200 ILLINOIS TOOL WORKS I COMMON 452308109 2,636,058 63,858 61,058 2,800 INGERSOLL-RAND PLC COMMON G47791101 488,930 14,176 14,176 INT'L BUSINESS MACH. COMMON 459200101 8,921,677 72,252 70,655 1,597 INTEL CORP COMMON 458140100 4,688,189 241,038 199,638 41,400 ITT CORP NEW COM COMMON 450911102 1,277,839 28,447 28,447 J P MORGAN CHASE & CO COMMON 46625H100 5,649,399 154,313 136,748 17,565 JACKSON HEWITT TAX SV COMMON 468202106 11,300 10,000 10,000 JANUS OVERSEAS FD MUTUAL 471023846 231,157 5,635 5,635 JOHNSON & JOHNSON COMMON 478160104 19,699,214 333,546 315,596 17,950 JPMORGAN CHASE & CO PREFERR 46625H621 628,468 23,600 23,600 KELLOGG CO. COMMON 487836108 6,568,639 130,589 129,239 1,350 KIMBERLY CLARK CORP COMMON 494368103 1,780,582 29,368 29,368 KINDER MORGAN EGY PTN COMMON 494550106 4,018,756 61,770 58,120 3,650 KOHLS CORP COMMON 500255104 219,688 4,625 4,625 KRAFT FOODS INC CL A COMMON 50075N104 1,081,360 38,620 21,718 16,902 LINCOLN NATL CORP COMMON 534187109 456,312 18,786 11,786 7,000 LOWE'S COS INC COMMON 548661107 5,843,597 286,170 278,670 7,500 L-3 COMMUNICATIONS HO COMMON 502424104 1,779,855 25,125 23,575 1,550 MAGELLAN MIDSTREAM PA COMMON 559080106 1,122,000 24,000 24,000 MAIRS & POWER GROWTH MUTUAL 560636102 243,640 3,957 3,957 MARRIOTT INTL INC NEW COMMON 571903202 893,232 29,834 24,549 5,285 MCDONALD'S CORP COMMON 580135101 7,015,175 106,500 105,188 1,312 MEDCO HEALTH SOLUTION COMMON 58405U102 287,241 5,215 5,215 MEDTRONIC INC COMMON 585055106 6,991,845 192,772 190,272 2,500 MERCK & COMPANY COMMON 58933Y105 2,216,608 63,386 56,786 6,600 MERITOR SVGS BK PA COMMON 590007100 54,560 22,000 22,000 METLIFE INC PFD A FLT PREFERR 59156R504 919,080 41,400 41,400 MICROSOFT CORP COMMON 594918104 7,610,504 330,748 322,048 8,700 MORGAN STANLEY PFD A PREFERR 61747S504 362,615 20,900 20,900 NEWMONT MNG CORP COMMON 651639106 265,482 4,300 4,300 NEXTERA ENERGY INC CO COMMON 65339F101 1,053,704 21,610 19,060 2,550 NIKE INC CL B COMMON 654106103 1,993,198 29,507 29,007 500 NOBLE CORPORATION COMMON H5833N103 458,704 14,840 14,840 NOBLE ENERGY COMMON 655044105 277,518 4,600 4,600 NOKIA CORP ADR COMMON 654902204 795,440 97,600 95,500 2,100 NORFOLK SOUTHERN CORP COMMON 655844108 1,685,982 31,781 30,431 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 5,392,963 111,609 111,009 600 NUCOR CORP COMMON 670346105 770,079 20,117 19,417 700 OMNICOM GROUP COMMON 681919106 606,836 17,692 17,692 OPPENHEIMER INTL BD F MUTUAL 68380T509 101,540 16,351 16,351 OPTIONSXPRESS HLDGS I COMMON 684010101 563,492 35,800 35,800 ORACLE SYS CORP COMMON 68389X105 7,131,458 332,314 306,614 25,700 PENNSYLVANIA REIT COMMON 709102107 1,474,688 120,678 120,478 200 PEPSICO INC COMMON 713448108 6,446,724 105,771 91,871 13,900 PETROLEO BRASIL SPONS COMMON 71654V408 213,985 6,235 6,235 PETROLEO BRASILEIRO S COMMON 71654V101 4,011,497 134,614 130,814 3,800 PFIZER INC COMMON 717081103 3,671,850 257,493 221,753 35,740 PHILIP MORRIS INTL IN COMMON 718172109 2,799,953 61,081 40,230 20,851 PIEDMONT NAT GAS INC COMMON 720186105 422,510 16,700 16,700 PNC FINANCIAL CORP COMMON 693475105 499,178 8,835 8,835 PPG INDUSTRIES INC COMMON 693506107 1,028,601 17,027 16,290 737 PPL CORP COMMON 69351T106 966,613 38,742 38,742 PRAXAIR INC COMMON 74005P104 3,033,521 39,920 39,320 600 PROCTER & GAMBLE CO COMMON 742718109 7,732,142 128,912 121,580 7,332 PROGRESS ENERGY INC C COMMON 743263105 550,061 14,025 5,925 8,100 PROTECTED BUY-WRITE 0 PREFERR 61747S850 243,875 25,000 25,000 PROTECTED BUY-WRITE 1 PREFERR 61750V840 144,225 15,000 15,000 PUBLIC SVC ENTERPRISE COMMON 744573106 270,065 8,620 8,620 QNB CORP COMMON 74726N107 419,293 21,230 21,230 QUALCOMM INC COMMON 747525103 5,501,673 167,530 166,830 700 RANGE RES CORP COM COMMON 75281A109 1,305,839 32,524 32,524 RAYMOND JAMES FINANCI COMMON 754730109 3,532,719 143,083 141,683 1,400 RESEARCH IN MOTION LT COMMON 760975102 1,054,312 21,403 21,103 300 ROYAL DUTCH SHELL PLC COMMON 780259206 833,652 16,600 15,400 1,200 SANDISK CORP COMMON 80004C101 811,951 19,300 19,300 SBM OFFSHORE NV COMMON N7752F148 586,074 40,531 39,605 926 SCHLUMBERGER LTD COMMON 806857108 7,147,825 129,162 122,962 6,200 SIMON PPTY GROUP INC COMMON 828806109 210,273 2,604 2,604 STAPLES INC COMMON 855030102 285,026 14,962 13,362 1,600 STATE STREET CORP COMMON 857477103 5,803,952 171,613 169,213 2,400 SUPERVALU INC COMMON 868536103 158,242 14,598 1,755 12,843 SYSCO CORP COMMON 871829107 1,619,189 56,674 54,274 2,400 TARGET CORP COMMON 87612E106 801,520 16,301 14,701 1,600 TELEFONICA S A ADR COMMON 879382208 248,108 4,468 1,265 3,203 TEVA PHARMACEUTICAL COMMON 881624209 9,775,047 188,018 183,403 4,615 TEXAS INSTRUMENTS INC COMMON 882508104 828,023 35,568 32,768 2,800 THERMO FISHER SCIENTI COMMON 883556102 1,040,301 21,209 21,209 TOYOTA MTR CORP ADR 1 COMMON 892331307 2,461,663 35,900 35,700 200 TRANSOCEAN LTD COMMON H8817H100 1,077,404 23,255 23,055 200 ULTRA PETROLEUM CORP COMMON 903914109 1,512,023 34,170 34,170 UNILEVER N V COMMON 904784709 301,831 11,048 9,977 1,071 UNION PACIFIC CORP COMMON 907818108 599,593 8,626 5,538 3,088 UNITED PARCEL SVC INC COMMON 911312106 217,604 3,825 3,825 UNITED TECHNOLOGIES C COMMON 913017109 6,033,467 92,951 87,951 5,000 UNIVEST CORP PA COMMON 915271100 364,673 21,055 21,055 VANGUARD INDEX FDS LA MUTUAL 922908637 428,106 9,130 9,130 VANGUARD INDEX TR MID MUTUAL 922908629 241,175 4,110 4,110 VANGUARD INTERM-TERM MUTUAL 922907878 300,613 22,153 22,153 VANGUARD MUN BD FD IN MUTUAL 922907803 400,503 25,173 25,173 VERIZON COMMUNICATION COMMON 92343V104 1,705,550 60,869 53,272 7,597 VISA INC COM CL A COMMON 92826C839 5,021,128 70,970 70,970 VODAFONE GROUP PLC NE COMMON 92857W209 251,513 12,168 11,932 236 WAL MART STORES INC COMMON 931142103 615,296 12,800 11,300 1,500 WASATCH ADVISORS FDS MUTUAL 936772201 200,300 7,302 7,302 WELLS FARGO & CO NEW COMMON 949746101 1,158,118 45,239 32,339 12,900 WHIRLPOOL CORP COMMON 963320106 349,085 3,975 3,975 WILLIS GROUP HOLDINGS COMMON G96666105 3,342,912 111,245 108,595 2,650 YUM BRANDS INC COMMON 988498101 2,420,909 62,011 58,131 3,880
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