PINNACLE WEST CAP CORP

Ticker: PNW CUSIP: 723484101 Class: COM

Park Avenue Institutional Advisers LLC's Holding History (CIK: 0001640801)

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

Q2 2016

Shares 699 Value ($000) $57 Avg Close $51.08 Range $48.16 - $55.70

Q1 2016

Shares 699 Value ($000) $52 Avg Close $46.44 Range $42.15 - $51.17

Q4 2015

Shares 723 Value ($000) $47 Avg Close $42.78 Range $40.93 - $44.75

Q3 2015

Shares 746 Value ($000) $48 Avg Close $40.69 Range $37.54 - $43.56

Q2 2015

Shares 746 Value ($000) $42 Avg Close $39.75 Range $37.04 - $42.55

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	699	$57	$51.08	$48.16 - $55.70
Q1 2016	699	$52	$46.44	$42.15 - $51.17
Q4 2015	723	$47	$42.78	$40.93 - $44.75
Q3 2015	746	$48	$40.69	$37.54 - $43.56
Q2 2015	746	$42	$39.75	$37.04 - $42.55