SEC Form 4 · accession 0001209191-18-031566
PINNACLE WEST CAPITAL CORP · PNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard P Fox
Director
Period of report
May 16, 2018
Accepted (ET)
May 18, 2018 · 6:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000764622
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitsF1 | — | May 16, 2018 | A | 1,554 | A | — | — | Common Stock | 1,554 | 1,554 | D |
Explanation of responses
- F1Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Stock Units vested on May 16, 2018 and, at the reporting person's election, will be settled in 100% shares of common stock, 50% in cash and 50% in common stock, or 100% in cash. The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company.