------ ------------------------------------- FORM 5 OMB APPROVAL ------ ------------------------------------- [ ] Check this box if no longer OMB Number 3235-0362 subject to Section 16. Form 4 Expires: December 31, 2001 or Form 5 obligations may continue. Estimated average burden See Instruction 1(b). hours per response.............. 1.0 [ ] Form 3 Holdings Reported ------------------------------------- [ ] Form 4 Transactions Reported UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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* Hesse Martha O. -------------------------------------------------------------------------------- (Last) (First) (Middle) P.O. Box 2160 -------------------------------------------------------------------------------- (Street) Winnemucca NV 89446-2160 -------------------------------------------------------------------------------- (City (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol Pinnacle West Capital Corporation (PNW) ================================================================================ 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) ================================================================================ 4. Statement for Month/Year 12/31/00 ================================================================================ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) -------------------------------- ================================================================================ 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person ================================================================================ ================================================================================================================= 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 Ben- ship Indirect Date Code (Instr. 3, 4 and 5) eficially Owned Form: Di- Beneficial (Month/ (Instr.8) ------------------------ at end of rect (D) Ownership Day/ (A) or Issuer's Fiscal or Indi- (Instr. 4) Year) Amount (D) Price Year (Instr. 3 rect (I) and 4) (Instr. 4) ----------------------------------------------------------------------------------------------------------------- Common Stock 7/3/00 A 900 A D ----------------------------------------------------------------------------------------------------------------- Common Stock 1/25/01 A 1,690 A 7,272 D ================================================================================================================= * If the form is filed by more than one reporting person, see Instruction 4(b)(v). 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. ================================================================================================================= 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 6.Date Exercis- Security (Instr. 3) sion or action tion Securities Acquired able and Expi- Exercise Date Code (A) or Disposed of ration Date Price of (Month/ (Instr.8) (D) (Instr. 3,4, and 5) (Month/Day/Year) Derivative Day/Year) ------------------- -------------------- Security (A) (D) Date Expira- Exer- tion cisable Date ----------------------------------------------------------------------------------------------------------------- N/A ----------------------------------------------------------------------------------------------------------------- ================================================================================================================= 7.Title and Amount of 8. Price 9. Number 10. Ownership 11. Nature Underlying Securities of Derivative of Derivative of Derivative of Indirect (Instr. 3 and 4) Security Securities Security: Beneficial ---------------------- (Instr. 5) Beneficially Direct Ownership Amount or Owned at (D) or Indirect (Instr.4) Number of End of Year (I)(Instr.4) Title Shares Year(Instr.4) ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ================================================================================================================= Explanation of Responses: Martha O. Hesse 2/14/01 ------------------------------- ----------------- Martha O. Hesse 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). 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.