------ ------------------------------------- FORM 4 OMB APPROVAL ------ ------------------------------------- [ ] 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 ------------------------------------- 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 ================================================================================ 1. Name and Address of Reporting Person* Bohon John G. -------------------------------------------------------------------------------- (Last) (First) (Middle) 400 North Fifth Street -------------------------------------------------------------------------------- (Street) Phoenix Arizona 85004 -------------------------------------------------------------------------------- (City (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol Pinnacle West Capital Corporation (PNW) ================================================================================ 3. IRS Or Social Security Number of Reporting Person (Voluntary) ================================================================================ 4. Statement for Month/Year April 2001 ================================================================================ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Vice President ----------------------------- ================================================================================ 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person ================================================================================ Form 4 (continued) ================================================================================================================== TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ================================================================================================================== 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) ------------------------------------------------------------------------------------------------------------------ Common Stock 4-11-01 M 638 A $27.44 ------------------------------------------------------------------------------------------------------------------ Common Stock 4-11-01 F 1,862** D $47.09 13,752 D ------------------------------------------------------------------------------------------------------------------ Common Stock 1,738 I by 401(k) ------------------------------------------------------------------------------------------------------------------ ================================================================================================================== ** The minimum amount of shares were sold solely for the purpose of meeting tax withholding requirements. Mr. Bohon retained all other shares received upon the noted option exercise. =============================================================================================== Table II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities) =============================================================================================== 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) ----------------------------------------------------------------------------------------------- Employee Stock Option (Right to Buy) $27.44 4-11-01 M 2,500 ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- 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) ----------------------------------------------------------------------------------------------- Common (1) 11-15-05 Stock 2,500 0 D ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- =============================================================================================== Explanation of Responses: (1) The option became exercisable 1/3 of the grant per year commencing 11-15-96. John G. Bohon 5-10-01 ------------------------------- ----------------- **Signature of Reporting Person Date John G. Bohon ** 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 in this form are not required to respond unless the form displays a currently valid OMB Number.