AVISTA CORP — Director's Dealing 2012

Feb 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVISTA CORP (AVA)
CIK: 0000104918
Period of Report: 2012-02-03

Reporting Person: THIES MARK T (Senior Vice President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-03	Common Stock - Restricted Shares	A	9000	—	Acquired	47485	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-03	Performace Grant	$	A	12000	Acquired		Common Stock (12000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stocl held by Spouse	5751	Indirect

Footnotes

F1: Restricted shares vest one third each year over a three-year period and are payable in Avista Corp. Common Stock at the end of each year in the three-year period.

F2: No conversion price. Shares awarded if performance measure is met.

F3: Each performance cycle is three years in length. Shares will be issued at the end of each three-year cycle if performance measure is met.