PINNACLE WEST CAP CORP

Ticker: PNW CUSIP: 723484101 Class: COM

HIGHLAND CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0000860486)

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

Q1 2017

Shares 84,702 Value ($000) $7,062 Avg Close $56.18 Range $53.40 - $59.69

Q4 2016

Shares 85,090 Value ($000) $6,640 Avg Close $52.24 Range $49.50 - $55.16

Q3 2016

Shares 84,297 Value ($000) $6,406 Avg Close $53.79 Range $51.20 - $56.86

Q2 2016

Shares 105,707 Value ($000) $8,569 Avg Close $51.08 Range $48.16 - $55.70

Q1 2016

Shares 106,007 Value ($000) $7,958 Avg Close $46.44 Range $42.15 - $51.17

Q4 2015

Shares 105,542 Value ($000) $6,805 Avg Close $42.78 Range $40.93 - $44.75

Q3 2015

Shares 95,642 Value ($000) $6,134 Avg Close $40.69 Range $37.54 - $43.56

Q2 2015

Shares 94,802 Value ($000) $5,393 Avg Close $39.75 Range $37.04 - $42.55

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	84,702	$7,062	$56.18	$53.40 - $59.69
Q4 2016	85,090	$6,640	$52.24	$49.50 - $55.16
Q3 2016	84,297	$6,406	$53.79	$51.20 - $56.86
Q2 2016	105,707	$8,569	$51.08	$48.16 - $55.70
Q1 2016	106,007	$7,958	$46.44	$42.15 - $51.17
Q4 2015	105,542	$6,805	$42.78	$40.93 - $44.75
Q3 2015	95,642	$6,134	$40.69	$37.54 - $43.56
Q2 2015	94,802	$5,393	$39.75	$37.04 - $42.55