PINNACLE WEST CAPITAL CORP — Director's Dealing 2012

Apr 4, 2012

SEC Form 4/A — Form 4/A

Issuer: PINNACLE WEST CAPITAL CORP (PNW)
CIK: 0000764622
Period of Report: 2012-02-17

Reporting Person: Edington Randall K (EVP Nuclear and CNO, APS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-17	Common Stock	M	2000	—	Acquired	11747	Direct
2012-02-17	Common Stock	D	2000	$47.86	Disposed	9747	Direct
2012-02-17	Common Stock	M	2000	—	Acquired	11747	Direct
2012-02-17	Common Stock	D	2000	$47.86	Disposed	9747	Direct
2012-02-17	Common Stock	M	1665	—	Acquired	11412	Direct
2012-02-17	Common Stock	F	526	$47.86	Disposed	10886	Direct
2012-02-17	Common Stock	M	1499	—	Acquired	12385	Direct
2012-02-17	Common Stock	F	623	$47.86	Disposed	11762	Direct
2012-02-17	Common Stock	A	240	—	Acquired	12002	Direct
2012-02-17	Common Stock	F	83	$47.86	Disposed	11919	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3955	Indirect

Footnotes

F1: Each Restricted Stock Unit represents a contingent right to receive 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 cash.

F2: The Form 4 filed on February 22, 2012 incorrectly disclosed this number as 5,955. The remaining numbers in this Column 5 have been adjusted accordingly.

F3: Each Restricted Stock Unit represents a contingent right to receive 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% in common stock and 50% in cash.

F4: Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.

F5: Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2010 and 2011 Restricted Stock Unit grants.