PINNACLE WEST CAPITAL CORP 4
4 · PINNACLE WEST CAPITAL CORP · Filed May 20, 2016
Insider Transaction Report
Form 4
GALLAGHER MICHAEL L
Director
Transactions
- Award
Stock Units
2016-05-18+1,509→ 1,509 total→ Common Stock (1,509 underlying)
Footnotes (1)
- [F1]Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Stock Units vested on May 18, 2016 and, at the reporting person's election, will be settled in shares of common stock or 50% in cash and 50% in 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.