SEC Form 4 · accession 0001209191-18-055770
PINNACLE WEST CAPITAL CORP · PNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Edgar Smith
Officer — SVP and General Counsel
Period of report
Oct 17, 2018
Accepted (ET)
Oct 19, 2018 · 6:30 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Oct 17, 2018 | A | 5,542 | A | — | — | Common Stock | 5,542 | 5,542 | D |
Explanation of responses
- F1Each 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.
- F2The Restricted Stock Units award was granted and was effective on October 17, 2018, and vests as follows: 1,232 shares will vest on February 20, 2019; 1,846 shares will vest on February 20, 2020; and 2,464 shares will vest on February 19, 2021.