SEC Form 4 · accession 0001209191-17-013884
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 21, 2017
Accepted (ET)
Feb 23, 2017 · 5:10 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 21, 2017 | A | 6,792 | $0.00 | A | 6,792 | D | |
| Common Stock | Feb 21, 2017 | F | 3,094 | $79.77 | D | 3,698 | D | |
| Common StockF3 | Feb 21, 2017 | A | 668 | $0.00 | A | 4,366 | D | |
| Common Stock | Feb 21, 2017 | F | 305 | $79.77 | D | 4,061 | D | |
| Common Stock | Feb 21, 2017 | G | 4,061 | $0.00 | D | 0 | D | |
| Common Stock | Feb 21, 2017 | G | 4,061 | $0.00 | A | 65,764 | I | by trust |
| Common Stock | holding | — | — | — | 25 | 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 UnitsF5,F6 | — | Feb 21, 2017 | A | 4,516 | A | — | — | Common Stock | 4,516 | 4,516 | D |
Explanation of responses
- F1Shares acquired upon the vesting of the portion of the performance shares granted in 2014 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 21, 2017.
- F4The reporting person gifted the shares received on February 21, 2017 to a revocable family trust.
- F5Each 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 100% shares of common stock, 50% in common stock and 50% in cash, or 100% cash.
- F6The Restricted Stock Units award was granted and was effective on February 21, 2017, and vests in four equal, annual installments beginning on February 20, 2018, and will be settled in four equal, annual installments beginning February 20, 2018.