PINNACLE WEST CAP CORP

Ticker: PNW CUSIP: 723484101 Class: COM

CCM INVESTMENT ADVISERS LLC's Holding History (CIK: 0000931097)

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

Q3 2015

Shares 3,945 Value ($000) $253 Avg Close $40.69 Range $37.54 - $43.56

Q2 2015

Shares 8,520 Value ($000) $484 Avg Close $39.75 Range $37.04 - $42.55

Q1 2015

Shares 9,570 Value ($000) $610 Avg Close $43.61 Range $40.31 - $47.62

Q4 2014

Shares 10,659 Value ($000) $728 Avg Close $40.25 Range $35.11 - $46.19

Q3 2014

Shares 48,606 Value ($000) $2,655 Avg Close $35.72 Range $33.53 - $37.13

Q2 2014

Shares 138,804 Value ($000) $8,028 Avg Close $35.10 Range $33.77 - $36.96

Q1 2014

Shares 13,435 Value ($000) $734 Avg Close $33.65 Range $32.14 - $35.28

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	3,945	$253	$40.69	$37.54 - $43.56
Q2 2015	8,520	$484	$39.75	$37.04 - $42.55
Q1 2015	9,570	$610	$43.61	$40.31 - $47.62
Q4 2014	10,659	$728	$40.25	$35.11 - $46.19
Q3 2014	48,606	$2,655	$35.72	$33.53 - $37.13
Q2 2014	138,804	$8,028	$35.10	$33.77 - $36.96
Q1 2014	13,435	$734	$33.65	$32.14 - $35.28