PINNACLE WEST CAP CORP

Ticker: PNW CUSIP: 723484101 Class: COM

WBI INVESTMENTS, INC.'s Holding History (CIK: 0001397424)

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

Q2 2014

Shares 160,692 Value ($000) $9,294 Avg Close $35.10 Range $33.77 - $36.96

Q1 2014

Shares 162,651 Value ($000) $8,891 Avg Close $33.65 Range $32.14 - $35.28

Q4 2013

Shares 183,690 Value ($000) $9,721 Avg Close $34.02 Range $32.61 - $36.23

Q2 2013

Shares 357,192 Value ($000) $19,813 Avg Close $35.40 Range $31.53 - $37.84

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	160,692	$9,294	$35.10	$33.77 - $36.96
Q1 2014	162,651	$8,891	$33.65	$32.14 - $35.28
Q4 2013	183,690	$9,721	$34.02	$32.61 - $36.23
Q2 2013	357,192	$19,813	$35.40	$31.53 - $37.84