SEC Form 4 · accession 0001209191-15-016304

PINNACLE WEST CAPITAL CORP · PNW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP, Controller & CAO

Period of report

Feb 17, 2015

Accepted (ET)

Feb 19, 2015 · 7:32 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000764622

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Feb 17, 2015	A	1,508	$0.00	A	12,135	D
Common Stock	Feb 17, 2015	F	758	$64.97	D	11,377	D
Common Stock^F3	Feb 17, 2015	A	166	$0.00	A	11,543	D
Common Stock	Feb 17, 2015	F	76	$64.97	D	11,467	D
Common Stock	holding	—	—		—	676	I	by 401(k)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F4,F5	—	Feb 17, 2015	A	1,560	A	—	—	Common Stock	1,560	1,560	D

F1Shares acquired upon the vesting of a portion of the performance shares granted in 2012 that were tied to the total shareholder return performance metric.
F2Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.
F3Represents shares of common stock received by the individual in settlement of dividend rights that vested in connection with the performance shares that vested on February 17, 2015.
F4Each Restricted Stock Unit represents a contingent right to receive the economic equivalent of one share of the Company's common stock. The Restricted Stock Units will be settled, at the reporting person's election, in shares of common stock or 50% in common stock and 50% in cash.
F5The Restricted Stock Units award was granted and was effective on February 17, 2015, and vests in four equal, annual installments beginning on February 20, 2016, and will be settled in four equal, annual installments beginning February 20, 2016.