PINNACLE WEST CAPITAL CORP — Director's Dealing 2012

Apr 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINNACLE WEST CAPITAL CORP (PNW)
CIK: 0000764622
Period of Report: 2012-04-02

Reporting Person: BRANDT DONALD E (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-02	Common Stock	A	19395	$0.00	Acquired	55840	Direct
2012-04-02	Common Stock	F	8059	$48.12	Disposed	47781	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1422	Indirect

Footnotes

F1: Shares acquired upon the vesting of a portion of the performance shares granted in 2009.

F2: Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.