AVISTA CORP — Director's Dealing 2009

Jan 14, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVISTA CORP (AVA)
CIK: 0000104918
Period of Report: 2009-01-09

Reporting Person: KENSOK JAMES M (Vice President & CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-01-09	Common Stock - Performance Shares	M	1062	—	Acquired	2975	Direct
2009-01-09	Common Stock - Performance Shares	F	349	$19.15	Disposed	2626	Direct
2009-01-09	Common Stock - 2006 Restricted Stock Award	S	27	$19.1	Disposed	2599	Direct
2009-01-12	Common Stock - 2007 Restricted Stock Award	F	90	$19.15	Disposed	2509	Direct
2009-01-12	Common Stock - 2008 Restricted Stock Award	F	146	$19.15	Disposed	2363	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-01-09	Conversion of 2006 Performance Shares	$	M	900	Disposed		Common Stock (900)	Direct

Footnotes

F1: Each performance share represented a contingent right to receive a share of Avista Common Stock upon Avista achieving a specified performance measure.

F2: Shares sold to pay income tax on Performance Shares acquired on 1/9/2009.

F3: Shares sold to pay income tax on final 1/3 of 2006 restricted shares that vested on 12/31/2008.

F4: Shares sold to pay income tax on second 1/3 of 2007 restricted shares that vested on 01/02/2009.

F5: Shares sold to pay income tax on first 1/3 of 2008 restricted shares that vested on 01/02/2009.