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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
1042959	E Jeffry Sterba	Alvarado Square Ms 2824 Albuquerque NM 87158		Yes	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	2010-02-26	33,750	$0.00	229,032	No	4	A	Direct
Common Stock	Disposition	2010-02-26	11,000	$12.22	218,032	No	4	S	Direct
Common Stock	Acquisiton	2010-03-01	10,596	$12.41	228,628	No	4	M	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Phantom Stock Shares	Disposition	2010-03-01	10,596	$0.00	10,596	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,402			No	4	M	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	9,764	Indirect	PNM Common Stock Fund - PNM Resources, Inc. 401(k) Plan

Footnotes

The restricted stock rights vest in three equal annual installments.
Reflects the sale of vested stock which is being sold for the purpose of providing a source of funds for payment of the tax liability associated with 2010 installment vesting.
Each share of phantom stock converts into shares of common stock and was the economic equivalent thereof. The reporting person settled 10,596 of his shares of phantom stock, which were held in the PNM Resources, Inc. Executive Savings Plan, for shares of the company's common stock. The reporting person made such settlement pursuant to a one-time election that was available to participants in connection with the merger of the PNM Resources, Inc. Executive Savings Plan I with the PNM Resources, Inc. Executive Savings Plan II, which was completed in December 2008.
Total represents shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. 401(k) Plan. Information is based on a plan statement dated 02/26/10.