PINNACLE WEST CAPITAL CORP 4
4 · PINNACLE WEST CAPITAL CORP · Filed May 19, 2017
Insider Transaction Report
Form 4
GALLAGHER MICHAEL L
Director
Transactions
- Award
Stock Units
2017-05-17+1,311→ 1,311 total→ Common Stock (1,311 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 17, 2017 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.