SEC Form 4 · accession 0001209191-16-101479
PINNACLE WEST CAPITAL CORP · PNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R Hatfield
Officer — EVP & CFO, PNW & APS
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 5:01 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 19, 2016 | M | 1,188 | $0.00 | A | 1,188 | D | |
| Common Stock | Feb 19, 2016 | F | 466 | $68.25 | D | 722 | D | |
| Common StockF1 | Feb 19, 2016 | M | 1,432 | $0.00 | A | 2,154 | D | |
| Common Stock | Feb 19, 2016 | F | 561 | $68.25 | D | 1,593 | D | |
| Common StockF1 | Feb 19, 2016 | M | 1,540 | $0.00 | A | 3,133 | D | |
| Common Stock | Feb 19, 2016 | F | 674 | $68.25 | D | 2,459 | D | |
| Common StockF1 | Feb 19, 2016 | M | 650 | $0.00 | A | 3,109 | D | |
| Common Stock | Feb 19, 2016 | D | 650 | $68.25 | D | 2,459 | D | |
| Common StockF1 | Feb 19, 2016 | M | 649 | $0.00 | A | 3,108 | D | |
| Common Stock | Feb 19, 2016 | F | 284 | $68.25 | D | 2,824 | D | |
| Common StockF3 | Feb 19, 2016 | A | 467 | $0.00 | A | 3,291 | D | |
| Common Stock | Feb 19, 2016 | F | 191 | $68.25 | D | 3,100 | D | |
| Common Stock | Feb 19, 2016 | G | 3,100 | $0.00 | D | 0 | D | |
| Common Stock | Feb 19, 2016 | G | 3,100 | $0.00 | A | 55,733 | I | by trust |
| Common Stock | holding | — | — | — | 2,939 | I | by 401(k) |
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,F5 | — | Feb 19, 2016 | M | 1,188 | D | — | — | Common Stock | 1,188 | 0 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 19, 2016 | M | 1,432 | D | — | — | Common Stock | 1,432 | 1,432 | D |
| Restricted Stock UnitsF1,F7 | — | Feb 19, 2016 | M | 1,540 | D | — | — | Common Stock | 1,540 | 3,080 | D |
| Restricted Stock UnitsF1,F8 | — | Feb 19, 2016 | M | 1,299 | D | — | — | Common Stock | 1,299 | 3,897 | 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 2012, 2013, 2014 and 2015 Restricted Stock Unit grants.
- F4The reporting person gifted the shares received on February 19, 2016 to a revocable family trust.
- F5The Restricted Stock Units award was granted and was effective in February 2012, and vests in four equal, annual installments beginning on February 20, 2013. Since February 20, 2016 was a Saturday, the Restricted Stock Units vested and were released on February 19, 2016.
- F6The Restricted Stock Units award was granted and was effective in February 2013, and vests in four equal, annual installments beginning on February 20, 2014. Since February 20, 2016 was a Saturday, the Restricted Stock Units vested and were released on February 19, 2016.
- F7The Restricted Stock Units award was granted and was effective in February 2014, and vests in four equal, annual installments beginning on February 20, 2015. Since February 20, 2016 was a Saturday, the Restricted Stock Units vested and were released on February 19, 2016.
- F8The Restricted Stock Units award was granted and was effective in February 2015, and vests in four equal, annual installments beginning on February 20, 2016. Since February 20, 2016 was a Saturday, the Restricted Stock Units vested and were released on February 19, 2016.