------------------------------ OMB APPROVAL ------------------------------ ------ OMB Number 3235-0104 FORM 3 Expires: December 31, 2001 ------ Estimated average burden hours per response ....... 0.5 ------------------------------ 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 ================================================================================ 1. Name and Address of Reporting Person Hansen David A. -------------------------------------------------------------------------------- (Last) (First) (Middle) 400 North First Street -------------------------------------------------------------------------------- (Street) Phoenix AZ 85004 -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Date of Event Requiring Statement (Month/Day/Year) 6-20-01 ================================================================================ 3. IRS or Social Security Number of Reporting Person (Voluntary) ================================================================================ 4. Issuer Name and Ticker or Trading Symbol Pinnacle West Capital Corporation (PNW) ================================================================================ 5. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Vice President -------------------------------------------------------------------- ================================================================================ 6. If Amendment, Date of Original (Month/Year) ================================================================================ 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 3 (continued) Table I -- Non-Derivative Securities Beneficially Owned ================================================================================ 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) -------------------------------------------------------------------------------- Common Stock 1,750 D -------------------------------------------------------------------------------- Common Stock 3,553 I by 401(k) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- ================================================================================ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) =============================================================================================================== 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 1.Title of -------------------- or Exercise Direct Indirect Derivative Date Expira- Number Price of (D) or Beneficial Security Exer- tion of Derivative Indirect(I) Ownership (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5) --------------------------------------------------------------------------------------------------------------- Employee Stock Option Common (Right to Buy) (1) 12-16-07 Stock 2,500 $39.75 D --------------------------------------------------------------------------------------------------------------- Employee Stock Option Common (Right to Buy) (2) 11-17-08 Stock 2,500 $46.78 D --------------------------------------------------------------------------------------------------------------- Employee Stock Option Common (Right to Buy) (3) 11-16-09 Stock 2,000 $34.65 D --------------------------------------------------------------------------------------------------------------- Employee Stock Option Common (Right to Buy) (4) 11-14-10 Stock 3,250 $44.03 D =============================================================================================================== Explanation of Responses: (1) The option became exercisable 1/3 of the grant per year beginning 12-17-98. (2) The option became exercisable 1/3 of the grant per year beginning 11-18-99. (3) The option became exercisable 1/3 of the grant per year beginning 11-17-00. (4) The option becomes exercisable 1/3 of the grant per year beginning 11-15-01. David A. Hansen 6-29-01 ------------------------------- ----------- David A. Hansen 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).