AVISTA CORP — Director's Dealing 2021

Feb 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVISTA CORP (AVA)
CIK: 0000104918
Period of Report: 2021-02-04

Reporting Person: Vermillion Dennis P (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-04	Common Stock - Restricted Share Grant	A	12690	$37.43	Acquired	84707	Direct
2021-02-04	Common Stock-Performance Shares	M	4558	—	Acquired	89265	Direct
2021-02-04	Common Stock-Performance Shares	F	1468	$37.43	Disposed	87797	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-04	Performance Share Grant for 2021	$	A	38072	Acquired		Common Stock (38072)	Direct
2021-02-04	Conversion of 2018 Performance Shares Related to CEPS	$	M	3366	Disposed		Common Stock (3366)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Estimated Shares Held in 401(k) Plan	151	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: Each performance share represents a contingent right to receive a share of Avista Common Stock upon achieving a specified performance measure.

F3: Shares withheld to pay income tax on Performance Shares acquired 2/4/21.

F4: No conversion price. Shares awarded if performance measure is met.

F5: 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.