HAWAIIAN ELEC INDUSTRIES

Ticker: HE CUSIP: 419870100 Class: COM

GAM Holding AG's Holding History (CIK: 0001438848)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017

Shares 20,000 Value ($000) $666 Avg Close $33.18 Range $32.32 - $33.94

Q4 2016

Shares 20,000 Value ($000) $661 Avg Close $30.49 Range $28.31 - $34.08

Q1 2016

Shares 20,000 Value ($000) $648 Avg Close $29.95 Range $27.30 - $32.69

Q3 2014

Shares 51,713 Value ($000) $1,373 Avg Close $24.82 Range $22.71 - $26.89

Q2 2014

Shares 51,713 Value ($000) $1,309 Avg Close $24.35 Range $23.04 - $25.65

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	20,000	$666	$33.18	$32.32 - $33.94
Q4 2016	20,000	$661	$30.49	$28.31 - $34.08
Q1 2016	20,000	$648	$29.95	$27.30 - $32.69
Q3 2014	51,713	$1,373	$24.82	$22.71 - $26.89
Q2 2014	51,713	$1,309	$24.35	$23.04 - $25.65