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FORM 4 OMB APPROVAL
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[ ] Check this box if no longer OMB Number 3235-0287
subject to Section 16. Form 4 Expires: December 31, 2001
or Form 5 obligations may Estimated average burden
continue. See Instruction 1(b). hours per response............. 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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*
Palmeri Michael V.
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(Last) (First) (Middle)
400 North Fifth Street
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(Street)
Phoenix AZ 85004
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(City (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Pinnacle West Capital Corporation (PNW)
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3. IRS Or Social Security
Number of Reporting
Person (Voluntary)
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4. Statement for Month/Year
October 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Vice President
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7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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<PAGE>
Form 4 (continued)
<TABLE>
<CAPTION>
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TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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<S> <C> <C> <C> <C> <C> <C>
1.Title of Security 2.Trans 3.Trans 4.Securities Acquired (A) 5.Amount of 6.Owner 7.Nature of
(Instr. 3) action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
(Month/ (Instr. 8) Owned at Direct Owner-
Day/ --------- --------------------- End of Month (D) or ship
Year) (A) or (Instr. 3 and 4) Indirect I) (Instr. 4)
Code V Amount (D) Price (Instr. 4)
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Common Stock 10/31/00 M 25 $17.68 9,029 D
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Common Stock 1,479 I by 401(k)
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Table II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative 2. Conver 3. Trans 4. Transac 5. Number of Derivative
Security (Instr. 3) sion or action tion Securities Acquired
Exercise Date Code (A) or Disposed
Price of (Month/ (Instr. 8) of (D)(Instr. 3,4, and 5)
Derivative Day/ ---------- -------------------------
Security Year) Code V (A) (D)
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Employee Stock
Option (Right to Buy) $17.68 10/31/00 M 25
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6.Date Exer 7.Title and Amount of 8.Price 9.Number 10.Owner 11. Nature
cisable and Underlying Securities of of Deriv ship of
Expiration (Instr. 3 and 4) Deriv ative Form of Indirect
Date (Month/ ative Securities Deriv Benefi-
Day/Year) Security Bene ative cial
--------------- ---------------------- (Instr.5) ficially Security: Owner-
Date Expira Title Amount or Owned at Direct (D) ship
Exer tion Number of End of Month or Indirect (Instr.4)
cisable Date Shares (Instr. 4) (I)(Instr.4)
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Common
(1) 2/18/02 Stock 25 1,250 D
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</TABLE>
Explanation of Responses:
(1) The option became exercisable 1/3 of the grant per year commencing
2/18/93.
Michael V. Palmeri 11/9/00
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**Signature of Reporting Person Date
Michael V. Palmeri
** 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 is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
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