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PINNACLE WEST CAPITAL CORP — Director's Dealing 2011
Feb 17, 2011
30576_dirs_2011-02-17_6362a1ab-900d-419f-96a3-c99d3cb69717.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PINNACLE WEST CAPITAL CORP (PNW)
CIK: 0000764622
Period of Report: 2011-02-15
Reporting Person: HATFIELD JAMES R (SVP, CFO & TREAS, PNW & APS)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-15 | Restricted Stock Units | $ | A | 5996 | Acquired | Common Stock (5996) | Direct | |
| 2011-02-15 | Restricted Stock Units | $ | A | 5996 | Acquired | Common Stock (5996) | Direct |
Footnotes
F1: Each Restricted Stock Unit is 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 shares of common stock or 50% cash and 50% common stock.
F2: The Restricted Stock Units vest and will be settled in four equal, annual installments beginning on February 20, 2012.
F3: Each Restricted Stock Unit is the economic equivalent of one share of the Company's common stock. The Restricted Stock Units will be settled in shares of common stock.
F4: The Restricted Stock Units will vest 50% on February 15, 2013, 25% on February 15, 2014 and 25% on February 15, 2015, and will be released to the reporting person upon his retirement or other separation from the Company.