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PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO
> PNCL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2012 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 0 | 46,000 | 18,000 | $1.34 |
| 12/31/2011 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 0 | 28,000 | -73,000 | $0.81 |
| 09/30/2011 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 0 | 101,000 | -55,000 | $2.94 |
| 06/30/2011 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 0 | 156,000 | -42,000 | $4.53 |
| 03/31/2011 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 0 | 198,000 | -74,000 | $5.76 |
| 12/31/2010 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 0 | 272,000 | 85,000 | $7.91 |
| 09/30/2010 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 0 | 187,000 | 0 | $5.44 |
| 06/30/2010 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 0 | 187,000 | -69,000 | $5.44 |
| 03/31/2010 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 0 | 256,000 | 19,000 | $7.44 |
| 12/31/2009 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 0 | 237,000 | 7,000 | $6.89 |
| 09/30/2009 | PINNACLE AIRLINES CORP | PNCL | 34,400 | 19,800 | 230,000 | 189,000 | $6.69 |
| 06/30/2009 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 41,000 | 21,000 | $2.81 |
| 03/31/2009 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 20,000 | -5,000 | $1.37 |
| 12/31/2008 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 25,000 | -33,000 | $1.71 |
| 09/30/2008 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 58,000 | 12,000 | $3.97 |
| 06/30/2008 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 46,000 | -81,000 | $3.15 |
| 03/31/2008 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 127,000 | -96,000 | $8.70 |
| 12/31/2007 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 223,000 | -11,000 | $15.27 |
| 09/30/2007 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 234,000 | -40,000 | $16.03 |
| 06/30/2007 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 274,000 | 22,000 | $18.77 |
| 03/31/2007 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 252,000 | 6,000 | $17.26 |
| 12/31/2006 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 246,000 | 138,000 | $16.85 |
| 09/30/2006 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 108,000 | 5,000 | $7.40 |
| 06/30/2006 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 103,000 | 6,000 | $7.05 |
| 03/31/2006 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 97,000 | 0 | $6.64 |
| 12/31/2005 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 97,000 | 2,000 | $6.64 |
| 09/30/2005 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 95,000 | -30,000 | $6.51 |
| 06/30/2005 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 125,000 | -30,000 | $8.56 |
| 03/31/2005 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 155,000 | -49,000 | $10.62 |
| 12/31/2004 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 204,000 | 57,000 | $13.97 |
| 09/30/2004 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 147,000 | -18,000 | $10.07 |
| 06/30/2004 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 0 | 165,000 | -29,000 | $11.30 |
| 03/31/2004 | PINNACLE AIRLINES CORP | PNCL | 14,600 | 14,600 | 194,000 | 194,000 | $13.29 |
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