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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
1083786	K Patricia Collawn	Alvarado Square Ms 2850 Albuquerque NM 87158	Chairman, President And Ceo	Yes	Yes	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	Disposition	2012-03-08	25,710	$18.52	154,860	No	4	S	Direct

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

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options	$0.00			184,000	184,000	Direct
Common Stock	Phantom Stock Shares	$0.00			65,484	65,484	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	184,000	184,000	Direct
	65,484	65,484	Indirect

Footnotes

The stock was sold for the purpose of providing a source of funds for payment of tax liability relating to the vesting of equity awards received under the Omnibus Performance Equity Plan.
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.
The security converts to common stock on a one-for-one basis.
The phantom stock shares were acquired under the PNM Resources, Inc. Executive Savings Plan, and will settle upon the Reporting Person's retirement or other termination of service.
Total represents phantom stock shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan. Information is based on a plan statement dated 12/31/11.