FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * MEYER DAVID J   2. Issuer Name and Ticker or Trading Symbol AVISTA CORP [AVA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice President (Last) (First) (Middle) 1411 E MISSION AVE 3. Date of Earliest Transaction (Month/Day/Year) 02/21/2012 (Street) SPOKANE, WA 99202 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/21/2012   M(1)   6,000 A $ 10.17 14,425 D   Common Stock 02/21/2012   S(1)   6,000 D $ 25.6374 (4) 8,425 D   Common Stock 02/22/2012   M(1)   3,000 A $ 10.17 11,425 D   Common Stock 02/22/2012   S(1)   3,000 D $ 25.0381 (4) 8,425 D   Common Stock held in 401(k) Investment Plan               3,635 I by Trustee Common Stock heldin Executive Deferral Account               7,588 I by Trustee Common Stock held in IRA at DA Davidson               1,142 I held by Trustee

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Exercise of Stock Option

$ 10.17

02/21/2012

M

6,000

(2)

11/07/2012

Common Stock

6,000

$ 25.6374 (4)

14,250 (3)

D

Exercise of Stock Option

$ 10.17

02/22/2012

M

3,000

(2)

11/07/2012

Common Stock

3,000

$ 25.0381 (4)

11,250 (3)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MEYER DAVID J 1411 E MISSION AVE SPOKANE, WA 99202			Vice President

Signatures

/s/ David M Meyer		02/23/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Exercise of Sale of Option Grant expiring 11/7/2012
(2)	Option vests in four (4) equal installments the first anniversary date of the grant. Mr. Meyer acquired the option grant of 26,250 on 11/7/2002.
(3)	Total reflects the number of derivative securities remaining for this particular grant.
(4)	The price per share represents the average price for individual blocks of stock sold on 2/21/2012 and 2/22/2012 ($25.669 per share for 3000 shares, $25.6057 for 3000 shares, $24.98 for 500 shares, $24.97 for 500 shares and $25.1643 for 2000 shares)

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