SEC Form 4 · accession 0001209191-15-018059
PINNACLE WEST CAPITAL CORP · PNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Falck
Officer — EVP & GC
Period of report
Feb 20, 2015
Accepted (ET)
Feb 24, 2015 · 7:17 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 StockF1 | Feb 20, 2015 | M | 1,049 | $0.00 | A | 41,630 | D | |
| Common Stock | Feb 20, 2015 | D | 1,049 | $65.77 | D | 40,581 | D | |
| Common StockF1 | Feb 20, 2015 | M | 1,049 | $0.00 | A | 41,630 | D | |
| Common Stock | Feb 20, 2015 | F | 478 | $65.77 | D | 41,152 | D | |
| Common StockF1 | Feb 20, 2015 | M | 831 | $0.00 | A | 41,983 | D | |
| Common Stock | Feb 20, 2015 | D | 831 | $65.77 | D | 41,152 | D | |
| Common StockF1 | Feb 20, 2015 | M | 831 | $0.00 | A | 41,983 | D | |
| Common Stock | Feb 20, 2015 | F | 379 | $65.77 | D | 41,604 | D | |
| Common StockF1 | Feb 20, 2015 | M | 716 | $0.00 | A | 42,320 | D | |
| Common Stock | Feb 20, 2015 | D | 716 | $65.77 | D | 41,604 | D | |
| Common StockF1 | Feb 20, 2015 | M | 716 | $0.00 | A | 42,320 | D | |
| Common Stock | Feb 20, 2015 | F | 327 | $65.77 | D | 41,993 | D | |
| Common StockF1 | Feb 20, 2015 | M | 770 | $0.00 | A | 42,763 | D | |
| Common Stock | Feb 20, 2015 | D | 770 | $65.77 | D | 41,993 | D | |
| Common Stock | Feb 20, 2015 | M | 770 | $0.00 | A | 42,763 | D | |
| Common Stock | Feb 20, 2015 | F | 351 | $65.77 | D | 42,412 | D | |
| Common StockF3 | Feb 20, 2015 | A | 324 | $0.00 | A | 42,736 | D | |
| Common Stock | Feb 20, 2015 | F | 149 | $65.77 | D | 42,587 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F4 | — | Feb 20, 2015 | M | 2,098 | D | — | — | Common Stock | 2,098 | 0 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 20, 2015 | M | 1,662 | D | — | — | Common Stock | 1,662 | 1,662 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 20, 2015 | M | 1,432 | D | — | — | Common Stock | 1,432 | 2,864 | D |
| Restricted Stock UnitsF1,F7 | — | Feb 20, 2015 | M | 1,540 | D | — | — | Common Stock | 1,540 | 4,620 | D |
Explanation of responses
- F1Each 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.
- 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 granted in connection with the 2011, 2012, 2013 and 2014 Restricted Stock Unit grants.
- F4The Restricted Stock Units award was granted and was effective in February 2011, and vest in four equal, annual installments beginning on February 20, 2012.
- F5The Restricted Stock Units award was granted and was effective in February 2012, and vest in four equal, annual installments beginning on February 20, 2013.
- F6The Restricted Stock Units award was granted and was effective in February 2013, and vest in four equal, annual installments beginning on February 20, 2014.
- F7The Restricted Stock Units award was granted and was effective in February 2014, and vest in four equal, annual installments beginning on February 20, 2015.