Insider Trades - FLORES ARMANDO B

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FLORES ARMANDO B: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
PINNACLE WEST CAP Other NYSE:PNW (historical quotes, profile, SEC, other insiders)	18-Mar-08	21,378	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
18-Mar-08 1,018 PNW Disposition (Non Open Market) at $35.79 per share.
(Value of $36,434)
18-Mar-08 2,975 PNW Acquisition (Non Open Market) at $35.79 per share.
(Value of $106,475)
20-Feb-08 885 PNW Option Exercise
20-Feb-08 885 PNW Disposition (Non Open Market) at $36.89 per share.
(Value of $32,647)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
18-Mar-08	1,018	PNW	Disposition (Non Open Market) at $35.79 per share. (Value of $36,434)
18-Mar-08	2,975	PNW	Acquisition (Non Open Market) at $35.79 per share. (Value of $106,475)
20-Feb-08	885	PNW	Option Exercise
20-Feb-08	885	PNW	Disposition (Non Open Market) at $36.89 per share. (Value of $32,647)