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Filing Details

Accession Number:: 0001108426-15-000019
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-03-06 17:41:54
Reporting Period:: 2015-03-04

Filing Date:: 2015-03-06
Accepted Time:: 2015-03-06 17:41:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1108426	Pnm Resources Inc	PNM	Electric Services (4911)	850019030

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1478313	V Patrick Apodaca	Corporate Headquarters Ms 1275 Albuquerque NM 87158-1275	Sr Vp, Gen Counsel & Secy	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-03-04	15,105	$0.00	55,722	No	4	A	Direct
Common Stock	Disposition	2015-03-04	4,868	$27.85	50,854	No	4	F	Direct
Common Stock	Acquisiton	2015-03-05	2,183	$0.00	53,037	No	4	M	Direct
Common Stock	Disposition	2015-03-05	705	$28.30	52,332	No	4	F	Direct
Common Stock	Acquisiton	2015-03-05	10,667	$12.22	62,999	No	4	M	Direct
Common Stock	Disposition	2015-03-05	10,667	$28.23	52,332	No	4	S	Direct
Common Stock	Acquisiton	2015-03-06	1,103	$0.00	53,435	No	4	M	Direct
Common Stock	Disposition	2015-03-06	356	$0.00	53,079	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Rights	Acquisiton	2015-03-04	2,885	$0.00	2,885	$0.00
Common Stock	Stock Options	Disposition	2015-03-04	10,667	$0.00	10,667	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,976			No	4	A	Direct
5,333			No	4	M	Direct

Footnotes

The performance shares were earned as of December 31, 2014 for the 2012-2014 performance period, as determined effective February 26, 2015.
Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the settlement of the performance share award described in (1) above. The company utilizes a modified "share withholding" approach in connection with settling awards of performance shares, in which it (i) withholds (in cash) the amount required to satisfy the tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the company's common stock that can be acquired with the after-tax value of the performance share award at the prevailing market price. Only these "net shares" are delivered to the recipient of the performance share award.
Represents the portions of previous awards of restricted stock rights that vested effective as of March 5 and March 6, 2015.
Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the vesting of the restricted stock rights referenced in (3) above. The company utilizes a modified "share withholding" approach in connection with settling awards of restricted stock rights upon vesting, in which it (i) withholds (in cash) the amount required to satisfy the tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the company's common stock that can be acquired with the after-tax value of the vested restricted stock rights award at the prevailing market price. Only these "net shares" are delivered to the recipient of the award.
Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
The restricted stock units vest in three equal annual installments, beginning on March 4, 2016. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends).
Based on the closing price on the date of the grant.
The options vest in three equal annual installments from grant date of issuance.
The options expire 10 years from grant date.