SEC Form 4 · accession 0001209191-19-012672

PINNACLE WEST CAPITAL CORP · PNW

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

Reporting owner

James R Hatfield

Officer — EVP & CFO

Period of report

Feb 20, 2019

Accepted (ET)

Feb 22, 2019 · 5:04 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, 2019	M	650	$0.00	A	650	D
Common Stock	Feb 20, 2019	D	650	$90.93	D	0	D
Common Stock^F1	Feb 20, 2019	M	649	$0.00	A	649	D
Common Stock	Feb 20, 2019	F	264	$90.93	D	385	D
Common Stock^F1	Feb 20, 2019	M	632	$0.00	A	1,017	D
Common Stock	Feb 20, 2019	D	632	$90.93	D	385	D
Common Stock^F1	Feb 20, 2019	M	632	$0.00	A	1,017	D
Common Stock	Feb 20, 2019	F	257	$90.93	D	760	D
Common Stock^F3	Feb 20, 2019	M	565	$0.00	A	1,325	D
Common Stock	Feb 20, 2019	D	565	$90.93	D	760	D
Common Stock^F3	Feb 20, 2019	M	564	$0.00	A	1,324	D
Common Stock	Feb 20, 2019	F	229	$90.93	D	1,095	D
Common Stock^F3	Feb 20, 2019	M	972	$0.00	A	2,067	D
Common Stock	Feb 20, 2019	D	972	$90.93	D	1,095	D
Common Stock^F4	Feb 20, 2019	A	179	$0.00	A	1,274	D
Common Stock	Feb 20, 2019	F	78	$90.93	D	1,196	D
Common Stock	Feb 20, 2019	G	1,196	$0.00	D	0	D
Common Stock	Feb 20, 2019	G	1,196	$0.00	A	40,858	I	by trust
Common Stock	holding	—	—		—	26	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^F1,F6	—	Feb 20, 2019	M	1,299	D	—	—	Common Stock	1,299	0	D
Restricted Stock Units^F1,F7	—	Feb 20, 2019	M	1,264	D	—	—	Common Stock	1,264	1,264	D
Restricted Stock Units^F3,F8	—	Feb 20, 2019	M	1,129	D	—	—	Common Stock	1,129	2,258	D
Restricted Stock Units^F3,F9	—	Feb 20, 2019	M	972	D	—	—	Common Stock	972	2,916	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 or 50% in common stock and 50% in cash.
F2Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.
F3Each 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.
F4Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2015, 2016, 2017, and 2018 Restricted Stock Unit grants.
F5The reporting person gifted the shares received on February 20, 2019 to a revocable family trust.
F6The Restricted Stock Units award was granted and was effective in February 2015, and vest in four equal, annual installments beginning on February 20, 2016.
F7The Restricted Stock Units award was granted and was effective in February 2016, and vests in four equal, annual installments beginning on February 20, 2017.
F8The Restricted Stock Units award was granted and was effective in February 2017, and vest in four equal, annual installments beginning on February 20, 2018.
F9The Restricted Stock Units award was granted and was effective in February 2018, and vest in four equal, annual installments beginning on February 20, 2019.