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Filing Details

Accession Number:: 0001108426-14-000041
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-03-07 13:51:40
Reporting Period:: 2014-03-05

Filing Date:: 2014-03-07
Accepted Time:: 2014-03-07 13:51:40
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
1350048	N Charles Eldred	Corporate Headquarters Ms 1275 Albuquerque NM 87158-1275	Exec Vp, Cfo	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	2014-03-05	7,751	$26.21	65,151	No	4	M	Direct
Common Stock	Disposition	2014-03-05	3,631	$26.21	61,520	No	4	F	Direct
Common Stock	Acquisiton	2014-03-05	17,544	$26.21	79,064	No	4	A	Direct
Common Stock	Disposition	2014-03-05	8,220	$26.21	70,844	No	4	F	Direct
Common Stock	Acquisiton	2014-03-06	1,816	$26.12	72,660	No	4	M	Direct
Common Stock	Disposition	2014-03-06	851	$26.12	71,809	No	4	F	Direct
Common Stock	Acquisiton	2014-03-06	26,666	$7.98	98,475	No	4	M	Direct
Common Stock	Disposition	2014-03-06	26,666	$26.65	71,809	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options	Disposition	2014-03-05	26,666	$0.00	26,666	$0.00
Common Stock	Restricted Stock Rights	Acquisiton	2014-03-05	0	$0.00	4,807	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
40,004			No	4	M	Direct
10,601			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,040	Indirect	PNMR Common Stock Fund - PNM Resources, Inc. 401(k) Plan

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Phantom Stock Shares	$0.00			6,337	6,337	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	6,337	6,337	Indirect

Footnotes

Represents the portion of previous awards of restricted stock rights that vested effective as of March 5 and 6, 2014.
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.
The performance shares were earned as of December 31, 2013, as determined effective February 27, 2014.
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 (2) 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.
Total represents shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. 401(k) Plan as of February 28, 2014.
Based on the closing price on the date of the grant.
The options vest in three equal annual installments from grant date.
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. acquired under the PNM Resources, Inc. Executive Savings Plan II as of February 28, 2014.
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 5, 2015. 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).