MGE ENERGY INC

Ticker: MGEE CUSIP: 55277P104 Class: EQTY

Hirtle Callaghan & Co LLC's Holding History (CIK: 0001360710)

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

Q4 2014

Shares 750 Value ($000) $34 Avg Close $33.97 Range $29.13 - $37.78

Q3 2014

Shares 750 Value ($000) $28 Avg Close $30.43 Range $29.03 - $31.79

Q2 2014

Shares 750 Value ($000) $30 Avg Close $29.46 Range $27.99 - $30.75

Q1 2014

Shares 750 Value ($000) $29 Avg Close $29.37 Range $27.30 - $31.39

Q4 2013

Shares 500 Value ($000) $29 Avg Close $28.24 Range $26.59 - $29.81

Q3 2013

Shares 500 Value ($000) $27 Avg Close $28.25 Range $25.38 - $30.52

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	750	$34	$33.97	$29.13 - $37.78
Q3 2014	750	$28	$30.43	$29.03 - $31.79
Q2 2014	750	$30	$29.46	$27.99 - $30.75
Q1 2014	750	$29	$29.37	$27.30 - $31.39
Q4 2013	500	$29	$28.24	$26.59 - $29.81
Q3 2013	500	$27	$28.25	$25.38 - $30.52