SEC Form 4 · accession 0001209191-18-004802
PINNACLE WEST CAPITAL CORP · PNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald E Brandt
Officer — Chairman, President & CEO · Director
Period of report
Jan 19, 2018
Accepted (ET)
Jan 22, 2018 · 6:55 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 | Jan 19, 2018 | S | 24,216 | $79.21 | D | 94,358 | D | |
| Common Stock | holding | — | — | — | 13 | I | by 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 21, 2017, in a commitment letter designed to meet the requirements of Rule 10b5-1 (the "November 21 Letter"), the reporting person provided his irrevocable consent to contribute at a later date 24,216 shares of Pinnacle West Capital Corporation ("PNW") common stock to an exchange fund in exchange for shares of the exchange fund. The exchange fund closed on January 19, 2018, and the reporting person's shares of PNW's common stock were contributed on that date consistent with the exchange fund's offering memorandum and the terms of the November 21 Letter. PNW's common stock was valued at $79.21 per share for the purpose of determining the number of shares of the exchange fund issuable to the reporting person.