FLORES ARMANDO B 4

4 · PINNACLE WEST CAPITAL CORP · Filed Aug 9, 2005

Form 4

Period: 2005-08-05

Other

Transactions

Sale
Common Stock
2005-08-05$45.29/sh−4,339$196,513→ 25,030 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
2005-08-05$39.75/sh−5,500$218,625→ 0 total
Exercise: $39.75Exp: 2007-12-16→ Common Stock (5,500 underlying)
Exercise/Conversion
Employee Stock Option (Right to Buy)
2005-08-05$44.03/sh−11,500$506,345→ 0 total
Exercise: $44.03Exp: 2010-11-14→ Common Stock (11,500 underlying)
Exercise/Conversion
Common Stock
2005-08-05$44.03/sh+11,500$506,345→ 34,330 total
Sale
Common Stock
2005-08-05$45.29/sh−11,133$504,214→ 23,220 total
Sale
Common Stock
2005-08-05$45.29/sh−5,145$233,017→ 22,830 total
Exercise/Conversion
Common Stock
2005-08-05$38.37/sh+13,750$527,588→ 36,970 total
Exercise/Conversion
Common Stock
2005-08-05$39.75/sh+5,500$218,625→ 27,975 total
Sale
Common Stock
2005-08-05$45.29/sh−11,477$519,793→ 22,853 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
2005-08-05$32.29/sh−5,041$162,774→ 5,042 total
Exercise: $32.29Exp: 2013-03-17→ Common Stock (5,041 underlying)
Exercise/Conversion
Employee Stock Option (Right to Buy)
2005-08-05$38.37/sh−13,750$527,588→ 0 total
Exercise: $38.37Exp: 2012-06-18→ Common Stock (13,750 underlying)
Exercise/Conversion
Common Stock
2005-08-05$32.29/sh+5,041$162,774→ 29,369 total
Sale
Common Stock
2005-08-05$45.29/sh−12,642$572,556→ 24,328 total

Holdings

Footnotes (7)

[F1]Includes 8,475 "performance shares" reflected at the target level, granted in 2003 and 2004. These shares are subject to the achievement of specified performance levels. This direct ownership amount also clarifies calculations of prior "performance share" holdings.
[F2]The minimum number of shares were sold solely for the purpose of meeting tax withholding and option exercise requirements and to satisfy broker commissions. Mr. Flores retained all other shares received upon the noted option exercises.
[F3]The option became exercisable one third of the grant per year commencing on 12/17/1998.
[F4]The option became exercisable one third of the grant per year commencing on 11/15/2001.
[F5]The option became exercisable one third of the grant per year commencing on 11/14/2002.
[F6]The option became exercisable one third of the grant per year commencing on 06/19/2003.
[F7]The option became exercisable one third of the grant per year commencing on 03/18/2004.

Documents

1 file