ISHARES TR

Ticker: IAI CUSIP: 464288794 Class: US BR DEL SE ETF

SeaBridge Investment Advisors LLC's Holding History (CIK: 0001304229)

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

Q2 2014

Shares 4,540 Value ($000) $171 Avg Close — Range —

Q1 2014

Shares 4,540 Value ($000) $175 Avg Close — Range —

Q4 2013

Shares 4,540 Value ($000) $175 Avg Close — Range —

Q3 2013

Shares 4,540 Value ($000) $148 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	4,540	$171	—	—
Q1 2014	4,540	$175	—	—
Q4 2013	4,540	$175	—	—
Q3 2013	4,540	$148	—	—