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OMB APPROVAL
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------ OMB Number 3235-0104
FORM 3 Expires: January 31, 2005
------ Estimated average burden
hours per response ....... 0.5
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UNITED STATES 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
Overbeck Gregg R.
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(Last) (First) (Middle)
400 North 5th St.
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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)
3-19-03
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3. I.R.S Identification Number of Reporting Person, if an entity (voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Pinnacle West Capital Corporation
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5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[ ] Officer (give title below) [X] Other (specify below)
Senior Vice President, APS
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6. If Amendment, Date of Original (Month/Year)
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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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FORM 3 (continued)
Table I -- Non-Derivative Securities Beneficially Owned
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| | 3. Ownership Form: |
| 2. Amount of Securities | Direct (D) or | 4. Nature of Indirect
1. Title of Security | Beneficially Owned | Indirect (I) | Beneficial Ownership
(Instr. 4) | (Instr. 4) | (Instr. 5) | (Instr.5)
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Common Stock 20,658 D
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Common Stock 3,754 I by 401(k)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL
NUMBER.
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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| |3. Title and Amount of | | |
| | Securities Underlying| |5. Owner- |
| | Derivative Security | | ship |
|2. Date Exercisable | (Instr. 4) | | Form of |
| and Expiration Date|------------------------|4. Conver- | Derivative |
| (Month/Day/Year) | | Amount | sion or | Security: |6. Nature of
|----------------------| | or | Exercise | Direct | Indirect
| Date | Expira- | | Number | Price of | (D) or In- | Beneficial
1. Title of Derivative Security | Exer- | tion | | of | Derivative| direct (I) | Ownership
(Instr. 4) | cisable | Date | Title | Shares | Security | (Instr.5) | (Instr. 5)
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Employee Stock Option (Right
to Buy (1) 11-14-05 Common Stock 5,000 $27.44 D
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Employee Stock Option (Right
to Buy (2) 11-19-06 Common Stock 5,000 $31.44 D
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Employee Stock Option (Right
to Buy (3) 12-16-07 Common Stock 4,500 $39.75 D
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Employee Stock Option (Right
to Buy (4) 11-17-08 Common Stock 4,500 $46.78 D
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Employee Stock Option (Right
to Buy (5) 11-16-09 Common Stock 8,750 $34.66 D
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Employee Stock Option (Right
to Buy (6) 11-14-10 Common Stock 11,500 $44.03 D
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Employee Stock Option (Right
to Buy (7) 11-13-11 Common Stock 11,500 $42.55 D
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Employee Stock Option (Right
to Buy (8) 6-18-12 Common Stock 13,750 $38.37 D
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Employee Stock Option (Right
to Buy (9) 3-17-13 Common Stock 15,125 $32.29 D
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Explanation of Responses:
(1) The option becomes exercisable 1/3 of the grant per year commencing
11-15-96.
(2) The option becomes exercisable 1/3 of the grant per year commencing
11-20-97.
(3) The option becomes exercisable 1/3 of the grant per year commencing
12-17-98.
(4) The option becomes exercisable 1/3 of the grant per year commencing
11-18-99.
(5) The option becomes exercisable 1/3 of the grant per year commencing
11-17-00.
(6) The option becomes exercisable 1/3 of the grant per year commencing
11-15-01.
(7) The option becomes exercisable 1/3 of the grant per year commencing
11-14-02.
(8) The option becomes exercisable 1/3 of the grant per year commencing
6-19-03.
(9) The option becomes exercisable 1/3 of the grant per year commencing
3-18-04.
Gregg R. Overbeck 3-28-03
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**Signature of Reporting Person Date
Gregg R. Overbeck
** 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.
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL
NUMBER.