SEC Form 4 · accession 0001209191-19-012690
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
Feb 20, 2019
Accepted (ET)
Feb 22, 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 StockF1 | Feb 20, 2019 | M | 616 | $0.00 | A | 616 | D | |
| Common Stock | Feb 20, 2019 | D | 616 | $90.93 | D | 0 | D | |
| Common StockF1 | Feb 20, 2019 | M | 616 | $0.00 | A | 616 | D | |
| Common Stock | Feb 20, 2019 | F | 283 | $90.93 | D | 333 | D | |
| Common StockF3 | Feb 20, 2019 | A | 10 | $0.00 | A | 343 | D | |
| Common Stock | Feb 20, 2019 | F | 5 | $90.93 | D | 338 | D |
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,F4 | — | Feb 20, 2019 | M | 1,232 | D | — | — | Common Stock | 1,232 | 4,310 | 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.
- 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 granted in connection with the 2018 Restricted Stock Unit grant.
- F4The Restricted Stock Units award was granted and was effective on October 17, 2018, and vests as follows: 1,232 shares vested on February 20, 2019; 1,846 shares will vest on February 20, 2020; and 2,464 shares will vest on February 19, 2021.