Filing Details

Accession Number:
0001562180-16-001910
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-03-04 12:24:17
Reporting Period:
2016-03-02
Filing Date:
2016-03-04
Accepted Time:
2016-03-04 12:24:17
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
1637037 Don Joseph Tarry Corporate Headquarters Ms1275
Albuquerque NM 87158-1275
Vp And Corporate Controller No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-03-02 2,628 $0.00 13,500 No 4 A Direct
Common Stock Disposition 2016-03-02 843 $32.07 12,657 No 4 F Direct
Common Stock Acquisiton 2016-03-02 4,200 $30.50 16,857 No 4 M Direct
Common Stock Disposition 2016-03-02 4,200 $31.91 12,657 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 F Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options Disposition 2016-03-02 4,200 $0.00 4,200 $0.00
Common Stock Restricted Stock Rights Acquisiton 2016-03-02 1,178 $0.00 1,178 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
3,684 No 4 A Direct
Footnotes
  1. The performance shares were earned as of December 31, 2015 for the 2013-2015 performance period, as determined effective February 25, 2016.
  2. 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.
  3. Based on the closing price on the date of the grant.
  4. The options vest in three equal annual installments from grant date.
  5. The options expire 10 years from grant date.
  6. Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
  7. The restricted stock units vest in three equal annual installments. 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).