GALLAGHER MICHAEL L 4
4 · PINNACLE WEST CAPITAL CORP · Filed May 17, 2013
Insider Transaction Report
Form 4
GALLAGHER MICHAEL L
Director
Transactions
- Award
Restricted Stock Units
2013-05-15+1,516→ 1,516 total→ Common Stock (1,516 underlying)
Footnotes (1)
- [F1]Each Restricted Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Restricted Stock Units vested on May 15, 2013 and, at the reporting person's election, will be settled in shares of common stock or 50% cash and 50% common stock. The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company.