SEC Form 4 · accession 0001209191-19-012163

PINNACLE WEST CAPITAL CORP · PNW

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

Reporting owner

Officer — EVP, Public Policy

Period of report

Feb 19, 2019

Accepted (ET)

Feb 21, 2019 · 5:13 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 19, 2019	A	2,309	$0.00	A	21,350	D
Common Stock	Feb 19, 2019	F	1,036	$90.65	D	20,314	D
Common Stock^F3	Feb 19, 2019	A	221	$0.00	A	20,535	D
Common Stock	Feb 19, 2019	F	99	$90.65	D	20,436	D
Common Stock	holding	—	—		—	124	I	by 401(k)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F4,F5	—	Feb 19, 2019	A	5,960	A	—	—	Common Stock	5,960	5,960	D

F1Shares acquired upon the vesting of a portion of the performance shares granted in 2016 that were tied to the total shareholder return performance metric.
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 19, 2019.
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, 50% in common stock and 50% in cash, or 100% in cash.
F5The Restricted Stock Units award was granted and was effective on February 19, 2019, and vests in four equal, annual installments beginning on February 20, 2020, and will be settled in four equal, annual installments beginning February 20, 2020.