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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Palmeri Michael V.
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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. 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
April 2002
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person 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 1 of 3
Form 4 (continued)
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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Amount
of
Securities Secur- Nature
Acquired (A) ities Owner- of
or Disposed Bene- ship Indirect
of (D) (Instr. ficially Form: Bene-
Transaction 3, 4 and 5) Owned at Direct ficial
Code ---------------- End (D) or Owner-
Title of Transaction (Instr. 8) (A) of Month Indirect ship
Security Date ----------- Amount or Price (Instr. (I) (Instr.
(Instr. 3) (mm/dd/yy) Code V (D) 3 and 4) (Instr.4) 4)
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Common Stock 4-2-02 M 104 A $39.75
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Common Stock 4-2-02 F 1,146 D $45.88
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Common Stock 4-2-02 S 104 D $45.88 13,706 D
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Common Stock 1,716 I by 401(k)
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 2 of 3
Form 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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Number Number Owner-
of of ship
Deriv- Title and Deriv- of
Conver- ative Amount of ative Deriv-
sion Secur- Underlying Secur- ative Nature
of ities Securities ities Secur- of
Exer- Acquired Date (Instr. 3 Price Bene- ity: In-
cise Trans- (A) or Exercisable and and 4) of ficially Direct direct
Price Trans- action Disposed Expiration Date ------------- Deriv- Owned (D) or Bene-
of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr.3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ -------- Exer- tion of (Instr. (Instr. (Instr (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Employee Stock Option $39.75 4-2-02 M 1,250 (1) 12-17-07 Common 1,250 0 D
(Right to Buy) Stock
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Explanation of Responses:
(1) The option became exercisable 1/3 of the grant per year commencing 12-17-98.
Michael V. Palmeri 5-10-02
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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 provided is insufficient, see Instruction 6 for procedures.
Page 3 of 3