SEC Form 4 · accession 0001209191-19-012682
PINNACLE WEST CAPITAL CORP · PNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barbara D Lockwood
Other
Period of report
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 5:09 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, 2019 | M | 65 | $0.00 | A | 2,517 | D | |
| Common Stock | Feb 20, 2019 | D | 65 | $90.93 | D | 2,452 | D | |
| Common StockF1 | Feb 20, 2019 | M | 65 | $0.00 | A | 2,517 | D | |
| Common Stock | Feb 20, 2019 | F | 18 | $90.93 | D | 2,499 | D | |
| Common StockF1 | Feb 20, 2019 | M | 131 | $0.00 | A | 2,630 | D | |
| Common Stock | Feb 20, 2019 | D | 131 | $90.93 | D | 2,499 | D | |
| Common StockF1 | Feb 20, 2019 | M | 130 | $0.00 | A | 2,629 | D | |
| Common Stock | Feb 20, 2019 | F | 35 | $90.93 | D | 2,594 | D | |
| Common StockF3 | Feb 20, 2019 | M | 220 | $0.00 | A | 2,814 | D | |
| Common Stock | Feb 20, 2019 | D | 220 | $90.93 | D | 2,594 | D | |
| Common StockF3 | Feb 20, 2019 | M | 292 | $0.00 | A | 2,886 | D | |
| Common Stock | Feb 20, 2019 | D | 292 | $90.93 | D | 2,594 | D | |
| Common StockF4 | Feb 20, 2019 | A | 20 | $0.00 | A | 2,614 | D | |
| Common Stock | Feb 20, 2019 | F | 7 | $90.93 | D | 2,607 | D | |
| Common Stock | holding | — | — | — | 4,018 | 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 UnitsF1,F5 | — | Feb 20, 2019 | M | 130 | D | — | — | Common Stock | 130 | 0 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 20, 2019 | M | 261 | D | — | — | Common Stock | 261 | 261 | D |
| Restricted Stock UnitsF3,F7 | — | Feb 20, 2019 | M | 220 | D | — | — | Common Stock | 220 | 440 | D |
| Restricted Stock UnitsF3,F8 | — | Feb 20, 2019 | M | 292 | D | — | — | Common Stock | 292 | 876 | 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 Restricted Stock Units award was granted and was effective in February 2015, and vest in four equal, annual installments beginning on February 20, 2016.
- F6The Restricted Stock Units award was granted and was effective in February 2016, and vests in four equal, annual installments beginning on February 20, 2017.
- F7The Restricted Stock Units award was granted and was effective in February 2017, and vest in four equal, annual installments beginning on February 20, 2018.
- F8The Restricted Stock Units award was granted and was effective in February 2018, and vest in four equal, annual installments beginning on February 20, 2019.