SEC Form 4 · accession 0001209191-18-012559
PINNACLE WEST CAPITAL CORP · PNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Falck
Officer — EVP, Law
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 5:55 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 | Feb 20, 2018 | A | 4,006 | $0.00 | A | 44,844 | D | |
| Common Stock | Feb 20, 2018 | F | 1,734 | $77.20 | D | 43,110 | D | |
| Common StockF3 | Feb 20, 2018 | A | 428 | $0.00 | A | 43,538 | D | |
| Common Stock | Feb 20, 2018 | F | 184 | $77.20 | D | 43,354 | D | |
| Common StockF4 | Feb 20, 2018 | M | 770 | $0.00 | A | 44,124 | D | |
| Common Stock | Feb 20, 2018 | D | 770 | $77.20 | D | 43,354 | D | |
| Common StockF4 | Feb 20, 2018 | M | 770 | $0.00 | A | 44,124 | D | |
| Common Stock | Feb 20, 2018 | F | 331 | $77.20 | D | 43,793 | D | |
| Common StockF4 | Feb 20, 2018 | M | 650 | $0.00 | A | 44,443 | D | |
| Common Stock | Feb 20, 2018 | D | 650 | $77.20 | D | 43,793 | D | |
| Common StockF4 | Feb 20, 2018 | M | 649 | $0.00 | A | 44,442 | D | |
| Common Stock | Feb 20, 2018 | F | 279 | $77.20 | D | 44,163 | D | |
| Common StockF4 | Feb 20, 2018 | M | 558 | $0.00 | A | 44,721 | D | |
| Common Stock | Feb 20, 2018 | D | 558 | $77.20 | D | 44,163 | D | |
| Common StockF4 | Feb 20, 2018 | M | 558 | $0.00 | A | 44,721 | D | |
| Common Stock | Feb 20, 2018 | F | 240 | $77.20 | D | 44,481 | D | |
| Common StockF5 | Feb 20, 2018 | M | 471 | $0.00 | A | 44,952 | D | |
| Common Stock | Feb 20, 2018 | D | 471 | $77.20 | D | 44,481 | D | |
| Common StockF5 | Feb 20, 2018 | M | 470 | $0.00 | A | 44,951 | D | |
| Common Stock | Feb 20, 2018 | F | 202 | $77.20 | D | 44,749 | D | |
| Common StockF6 | Feb 20, 2018 | A | 236 | $0.00 | A | 44,985 | D | |
| Common Stock | Feb 20, 2018 | F | 104 | $77.20 | D | 44,881 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F7 | — | Feb 20, 2018 | M | 1,540 | D | — | — | Common Stock | 1,540 | 0 | D |
| Restricted Stock UnitsF4,F8 | — | Feb 20, 2018 | M | 1,299 | D | — | — | Common Stock | 1,299 | 1,299 | D |
| Restricted Stock UnitsF4,F9 | — | Feb 20, 2018 | M | 1,116 | D | — | — | Common Stock | 1,116 | 2,232 | D |
| Restricted Stock UnitsF5,F10 | — | Feb 20, 2018 | M | 941 | D | — | — | Common Stock | 941 | 2,823 | D |
| Restricted Stock UnitsF5,F11 | — | Feb 20, 2018 | A | 2,916 | A | — | — | Common Stock | 2,916 | 2,916 | 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, 2016 and 2017 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.