PINNACLE WEST CAPITAL CORP — Director's Dealing 2013

May 17, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINNACLE WEST CAPITAL CORP (PNW)
CIK: 0000764622
Period of Report: 2013-05-15

Reporting Person: Cortese Denis A. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-15	Common Stock	A	1516	$59.38	Acquired	1516	Direct
2013-05-15	Common Stock	G	1516	$0.00	Disposed	0	Direct
2013-05-15	Common Stock	G	1516	$0.00	Acquired	9228	Indirect

Footnotes

F1: The reporting person gifted the shares to a revocable family trust.