PINNACLE WEST CAP CORP

Ticker: PNW CUSIP: 723484101 Class: COM

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q3 2013

Shares 20,700 Value ($000) $1,133 Avg Close $34.55 Range $32.11 - $37.02

Q2 2013

Shares 22,500 Value ($000) $1,248 Avg Close $35.40 Range $31.53 - $37.84

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	20,700	$1,133	$34.55	$32.11 - $37.02
Q2 2013	22,500	$1,248	$35.40	$31.53 - $37.84