The electronic structures and, particularly, the nature of the HOMO in a series of PcFeL 2 , PcFeL′L″, and [PcFeX 2 ] 2− complexes (Pc = phthalocyaninato(2-) ligand; L = NH 3 , n-BuNH 2 , imidazole (Im), pyridine (Py), PMe 3 , PBu 3 , t-BuNC, P(OBu) 3 , and DMSO; L′ = CO; L″ = NH 3 or n-BuNH 2 ; X = NCO − , NCS − , CN − , imidazolate (Im − ), or 1,2,4triazolate(Tz − )) were probed by electrochemical, spectroelectrochemical, and chemical oxidation as well as theoretical (density functional theory, DFT) studies. In general, energies of the metal-centered occupied orbitals in various six-coordinate iron phthalocyanine complexes correlate well with Lever Electrochemical Parameter E L and intercross the phthalocyaninecentered a 1u orbital in several compounds with moderate-to-strong π-accepting axial ligands. In these cases, an oxidation of the phthalocyanine macrocycle (Pc(2-)/Pc(1-)) rather than the central metal ion (Fe(II)/Fe(III)) was theoretically predicted and experimentally confirmed.