Home > Insider Trading > Filing (0001562180-16-001936)

Filing Details

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
Common Stock	Acquisiton	2016-03-04	425	$0.00	13,082	No	4	M	Direct
Common Stock	Disposition	2016-03-04	138	$32.89	12,944	No	4	F	Direct
Common Stock	Disposition	2016-03-04	3,000	$32.32	9,944	No	4	S	Direct
Common Stock	Acquisiton	2016-03-05	402	$0.00	10,346	No	4	M	Direct
Common Stock	Disposition	2016-03-05	130	$32.89	10,216	No	4	F	Direct
Common Stock	Acquisiton	2016-03-06	428	$0.00	10,644	No	4	M	Direct
Common Stock	Disposition	2016-03-06	139	$32.89	10,505	No	4	F	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Rights	Disposition	2016-03-04	425	$0.00	425	$0.00
Common Stock	Restricted Stock Rights	Disposition	2016-03-05	402	$0.00	402	$0.00
Common Stock	Restricted Stock Rights	Disposition	2016-03-06	428	$0.00	428	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,259	No	4	M	Direct
2,857	No	4	M	Direct
2,429	No	4	M	Direct

Footnotes

Represents the portions of previous awards of restricted stock rights that vested effective as of March 4, March 5, and March 6, 2016.
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 (1) 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.
Price represents a weighted average fill price ranging from 32.30 to 32.33.
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. 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).