  High resolution echelle spectra of PW And (HD~1405) have been taken during
eight observing runs from 1999 to 2002. The detailed analysis of the spectra
allow us to determine its spectral type (K2V), mean heliocentric radial
velocity (V_hel = -11.15 km/s) rotational velocity (vsin{i} = 22.6 km/s), and
equivalent width of the lithium line 6707.8 AA (EW(LiI) = 273 mAA). The
kinematic (Galactic Velocity (U, V, W)) confirms its membership of the Local
Association moving group, in agreement with the age (30 to 80 Myrs) inferred
from the color magnitude diagram and the lithium equivalent width. Photospheric
activity (presence of cool spots that disturb the profiles of the photospheric
lines) has been detected as changes in the the bisectors of the cross
correlation function (CCF) resulting of cross-correlate the spectra of PW And
with the spectrum of a non active star of similar spectral type. These
variations of the CCF bisectors are related to the variations in the measured
radial velocities and are modulated with a period similar to the photometric
period of the star. At the same time, chromospheric activity has been analyzed,
using the spectral subtraction technique and simultaneous spectroscopic
observations of the H_alpha, H_beta, NaI D_1 and D_2$, HeI D_3, MgI b triplet,
CaII H&K, and CaII infrared triplet lines. A flare was observed during the last
observing run of 2001, showing an enhancement in the observed chromospheric
lines. A less powerful flare was observed on 2002 August 23. The variations of
the chromospheric activity indicators seem to be related to the photospheric
activity. A correlation between radial velocity, changes in the CCF bisectors
and equivalent width of different chromospheric lines is observed with a
different behaviour between epochs 1999, 2001 and 2002.
