INSTEEL INDUSTRIES INC

Ticker: IIIN CUSIP: 45774W108 Class: Common Stock

ARCADIA INVESTMENT MANAGEMENT CORP/MI's Holding History (CIK: 0001016972)

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

Q2 2016

Shares 890 Value ($000) $25 Avg Close $18.51 Range $16.61 - $21.00

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	890	$25	$18.51	$16.61 - $21.00