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OMB APPROVAL
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OMB Number 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
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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
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1. Name and Address of Reporting Person
Levine James M.
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(Last) (First) (Middle)
400 North 5th Street
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(Street)
Phoenix AZ 85004
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
3-22-2000
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Pinnacle West Capital Corporation (PNW)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Executive Vice President, APS Generation
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6. If Amendment, Date of Original (Month/Year)
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<PAGE>
FORM 3 (continued)
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Table I -- Non-Derivative Securities Beneficially Owned
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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)
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Common Stock 23,064 D
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Common Stock 2,784 I by 401(k)
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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>
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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)
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<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option
(Right to Buy) (1) 11/15/05 Common Stock 6,000 $27.44 D
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Employee Stock Option
(Right to Buy) (2) 11/20/06 Common Stock 6,000 $31.44 D
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Employee Stock Option
(Right to Buy) (3) 12/17/07 Common Stock 5,500 $39.75 D
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Employee Stock Option
(Right to Buy) (4) 11/18/08 Common Stock 5,500 $46.78 D
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Employee Stock Option
(Right to Buy) (5) 11/17/09 Common Stock 10,000 $34.6562 D
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Explanation of Responses:
(1) The option became exercisable 1/3 of the grant per year commencing 11-15-96.
(2) The option became exercisable 1/3 of the grant per year commencing 11-20-97.
(3) The grant became exercisable 1/3 of the grant per year commencing 12-17-98.
(4) The grant became exercisable 1/3 of the grant per year commencing 11-18-99.
(5) The grant becomes exercisable 1/3 of the grant per year commencing 11-17-00.
James M. Levine 3-31-2000
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James M. Levine Date
**Signature of Reporting Person
** 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.
