------------------------------
OMB APPROVAL
------------------------------
OMB Number 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
------------------------------
------
FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION
------ Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
================================================================================
1. Name and Address of Reporting Person
Loftin Nancy C.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
400 E. Van Buren, P.O. Box 52132
- --------------------------------------------------------------------------------
(Street)
Phoenix AZ 85032
- --------------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Date of Event Requiring Statement (Month/Day/Year)
7-23-99
================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)
================================================================================
4. Issuer Name and Ticker or Trading Symbol
Pinnacle West Capital Corporation (PNW)
================================================================================
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Vice President and General Counsel
--------------------------------------------------------------------
================================================================================
6. If Amendment, Date of Original (Month/Year)
================================================================================
7. Individual or Joint/Group Filing
(Check applicable line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
================================================================================
<PAGE>
FORM 3 (continued)
================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
3. Ownership Form:
1. Title of 2. Amount of Securities Direct (D) or 4. Nature of Indirect
Security Beneficially Owned Indirect (I) Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
- --------------------------------------------------------------------------------
Common Stock 14,527 D
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
================================================================================
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
=========================================================================================================
3. Title and Amount 5. Owner-
of Securities Underlying ship
Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date ------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
1. Title of ---------------------- or Exercise (D) or Indirect
Derivative Date Expira- Number Price of Indirect Beneficial
Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock
Option (right
to buy) (1) 9/19/00 Common Stock 11,200 $11.25 D
- ---------------------------------------------------------------------------------------------------------
Employee Stock
Option (right
to buy) (2) 12/03/01 Common Stock 5,000 $15.75 D
- ---------------------------------------------------------------------------------------------------------
Employee Stock
Option (right
to buy) (3) 12/07/02 Common Stock 5,000 $19.56 D
- ---------------------------------------------------------------------------------------------------------
Employee Stock
Option (right
to buy) (4) 12/15/03 Common Stock 5,000 $22.13 D
- ---------------------------------------------------------------------------------------------------------
Employee Stock
Option (right
to buy) (5) 11/16/04 Common Stock 7,000 $19.00 D
- ---------------------------------------------------------------------------------------------------------
Employee Stock
Option (right
to buy) (6) 11/15/05 Common Stock 6,000 $27.44 D
- ---------------------------------------------------------------------------------------------------------
Employee Stock
Option (right
to buy) (7) 11/20/06 Common Stock 6,000 $31.44 D
- ---------------------------------------------------------------------------------------------------------
Employee Stock
Option (right
to buy) (8) 12/17/07 Common Stock 5,500 $39.75 D
- ---------------------------------------------------------------------------------------------------------
Employee Stock
Option (right
to buy) (9) 11/18/08 Common Stock 5,500 $46.78 D
- ---------------------------------------------------------------------------------------------------------
=========================================================================================================
</TABLE>
Explanation of Responses:
(1) The option became exercisable 1/3 of the grant per year commencing 9-19-91.
(2) The option became exercisable 1/3 of the grant per year commencing
12-03-92.
(3) The option became exercisable 1/3 of the grant per year commencing
12-07-93.
(4) The option became exercisable 1/3 of the grant per year commencing
12-15-94.
(5) The option became exercisable 1/3 of the grant per year commencing
11-16-95.
(6) The option became exercisable 1/3 of the grant per year commencing
11-15-96.
(7) The option becomes exercisable 1/3 of the grant per year commencing
11-20-97.
(8) The option becomes exercisable 1/3 of the grant per year commencing
12-17-98.
(9) The option becomes exercisable 1/3 of the grant per year commencing
11-18-99.
Nancy C. Loftin August 2, 1999
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date
Nancy C. Loftin
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
