SEC Form 4 · accession 0001209191-15-018074

PINNACLE WEST CAPITAL CORP · PNW

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

Reporting owner

Officer — EVP & CFO, PNW & APS

Period of report

Feb 20, 2015

Accepted (ET)

Feb 24, 2015 · 7:30 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 20, 2015	M	1,499	$0.00	A	1,499	D
Common Stock	Feb 20, 2015	F	587	$65.77	D	912	D
Common Stock^F1	Feb 20, 2015	M	1,188	$0.00	A	2,100	D
Common Stock	Feb 20, 2015	F	466	$65.77	D	1,634	D
Common Stock^F1	Feb 20, 2015	M	1,432	$0.00	A	3,066	D
Common Stock	Feb 20, 2015	F	561	$65.77	D	2,505	D
Common Stock^F1	Feb 20, 2015	M	1,540	$0.00	A	4,045	D
Common Stock	Feb 20, 2015	F	674	$65.77	D	3,371	D
Common Stock^F3	Feb 20, 2015	A	507	$0.00	A	3,878	D
Common Stock	Feb 20, 2015	F	204	$65.77	D	3,674	D
Common Stock	Feb 20, 2015	G	3,674	$0.00	D	0	D
Common Stock	Feb 20, 2015	G	3,674	$0.00	A	47,620	I	by trust
Common Stock	holding	—	—		—	2,828	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^F1,F5	—	Feb 20, 2015	M	1,499	D	—	—	Common Stock	1,499	0	D
Restricted Stock Units^F1,F6	—	Feb 20, 2015	M	1,188	D	—	—	Common Stock	1,188	1,188	D
Restricted Stock Units^F1,F7	—	Feb 20, 2015	M	1,432	D	—	—	Common Stock	1,432	2,864	D
Restricted Stock Units^F1,F8	—	Feb 20, 2015	M	1,540	D	—	—	Common Stock	1,540	4,620	D

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 reporting person gifted the shares received on February 20, 2015 to a revocable family trust.
F5The Restricted Stock Units award was granted and was effective in February 2011, and vest in four equal, annual installments beginning on February 20, 2012.
F6The Restricted Stock Units award was granted and was effective in February 2012, and vest in four equal, annual installments beginning on February 20, 2013.
F7The Restricted Stock Units award was granted and was effective in February 2013, and vest in four equal, annual installments beginning on February 20, 2014.
F8The Restricted Stock Units award was granted and was effective in February 2014, and vest in four equal, annual installments beginning on February 20, 2015.