AVISTA CORP — Director's Dealing 2018

Feb 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVISTA CORP (AVA)
CIK: 0000104918
Period of Report: 2018-02-01

Reporting Person: MORRIS SCOTT L (Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-01	Common Stock - 2018 Restricted Stock Award	A	13280	—	Acquired	217420	Direct
2018-02-01	Common Stock - 2015, 2016 and 2017 Restricted Stock	F	5228	$50.08	Disposed	212192	Direct
2018-02-01	Common Stock-Performance Shares	M	10226	—	Acquired	222418	Direct
2018-02-01	Common Stock-Performance Shares	F	4024	$50.08	Acquired	218394	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-01	Conversion of 2015 Performance Shares related to CEPS	$	M	13280	Disposed		Common Stock (13280)	Direct
2018-02-01	Performance Share Grant for 2018	$	A	29438	Acquired		Common Stock (29438)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Estimated Shares held in 401(k) Plan	164.64	Indirect

Footnotes

F1: Restricted Shares vest 1/3 each year over a 3-year period and are payable in Avista Corp. Common Stock at the end of each year in the 3-year period.

F2: Shares withheld to pay income tax on Restricted Shares acquired 2/1/18.

F3: Each performance share represents a contingent right to receive a share of Avista Common Stock upon achieving a specified performance measure.

F4: Shares withheld to pay income tax on Performance Shares acquired 2/1/18.

F5: No conversion price. Shares awarded if performance measure is met.

F6: Each performance cycle is 3 years in length. Shares will be issued at the end of each 3-year cycle if performance measure is met.