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PINNACLE WEST CAPITAL CORP Director's Dealing 2016

May 20, 2016

Director's Dealing

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Issuer: PINNACLE WEST CAPITAL CORP (PNW)
CIK: 0000764622
Period of Report: 2016-05-18

Reporting Person: Cortese Denis A. (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-18	Common Stock	A	1509	$70.75	Acquired	1509	Direct
2016-05-18	Common Stock	G	1509	$0.00	Disposed	0	Direct
2016-05-18	Common Stock	G	1509	$0.00	Acquired	13533	Indirect

F1: The reporting person gifted the shares received on May 18, 2016 to a revocable family trust.