SEC Form 4 · accession 0001209191-18-012529

PINNACLE WEST CAPITAL CORP · PNW

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

Reporting owner

Barbara D Lockwood

Other

Period of report

Feb 20, 2018

Accepted (ET)

Feb 22, 2018 · 5:28 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, 2018	A	401	$0.00	A	1,402	D
Common Stock	Feb 20, 2018	F	190	$77.20	D	1,212	D
Common Stock^F3	Feb 20, 2018	A	43	$0.00	A	1,255	D
Common Stock	Feb 20, 2018	F	21	$77.20	D	1,234	D
Common Stock^F4	Feb 20, 2018	M	104	$0.00	A	1,338	D
Common Stock	Feb 20, 2018	F	49	$77.20	D	1,289	D
Common Stock^F4	Feb 20, 2018	M	65	$0.00	A	1,354	D
Common Stock	Feb 20, 2018	D	65	$77.20	D	1,289	D
Common Stock^F4	Feb 20, 2018	M	65	$0.00	A	1,354	D
Common Stock	Feb 20, 2018	F	31	$77.20	D	1,323	D
Common Stock^F4	Feb 20, 2018	M	131	$0.00	A	1,454	D
Common Stock	Feb 20, 2018	D	131	$77.20	D	1,323	D
Common Stock^F4	Feb 20, 2018	M	130	$0.00	A	1,453	D
Common Stock	Feb 20, 2018	F	61	$77.20	D	1,392	D
Common Stock^F5	Feb 20, 2018	M	220	$0.00	A	1,612	D
Common Stock	Feb 20, 2018	D	220	$77.20	D	1,392	D
Common Stock^F6	Feb 20, 2018	A	31	$0.00	A	1,423	D
Common Stock	Feb 20, 2018	F	14	$77.20	D	1,409	D
Common Stock	holding	—	—		—	3,891	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 Units^F4,F7	—	Feb 20, 2018	M	104	D	—	—	Common Stock	104	0	D
Restricted Stock Units^F4,F8	—	Feb 20, 2018	M	130	D	—	—	Common Stock	130	130	D
Restricted Stock Units^F4,F9	—	Feb 20, 2018	M	261	D	—	—	Common Stock	261	522	D
Restricted Stock Units^F5,F10	—	Feb 20, 2018	M	220	D	—	—	Common Stock	220	660	D
Restricted Stock Units^F5,F11	—	Feb 20, 2018	A	1,168	A	—	—	Common Stock	1,168	1,168	D

Explanation of responses

F1Shares acquired upon the vesting of a portion of the performance shares granted in 2015.
F10The Restricted Stock Units award was granted and was effective in February 2017, and vest in four equal, annual installments beginning on February 20, 2018.
F11The Restricted Stock Units award was granted and was effective on February 20, 2018, and vests in four equal, annual installments beginning on February 20, 2019, and will be settled in four equal, annual installments beginning February 20, 2019.
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 20, 2018.
F4Each 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 or 50% in common stock and 50% in cash.
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% in cash.
F6Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2014, 2015 and 2016 Restricted Stock Unit grants.
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.
F8The Restricted Stock Units award was granted and was effective in February 2015, and vest in four equal, annual installments beginning on February 20, 2016.
F9The Restricted Stock Units award was granted and was effective in February 2016, and vests in four equal, annual installments beginning on February 20, 2017.