Filing Details
- Accession Number:
- 0001108426-15-000021
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-03-06 17:42:22
- Reporting Period:
- 2015-03-04
- Filing Date:
- 2015-03-06
- Accepted Time:
- 2015-03-06 17:42:22
- 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
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2015-03-04 | 27,341 | $0.00 | 99,150 | No | 4 | A | Direct | |
Common Stock | Disposition | 2015-03-04 | 9,378 | $27.85 | 89,772 | No | 4 | F | Direct | |
Common Stock | Acquisiton | 2015-03-04 | 9,338 | $24.06 | 99,110 | No | 4 | M | Direct | |
Common Stock | Disposition | 2015-03-04 | 9,338 | $27.84 | 89,772 | No | 4 | S | Direct | |
Common Stock | Acquisiton | 2015-03-04 | 16,666 | $12.22 | 106,438 | No | 4 | M | Direct | |
Common Stock | Disposition | 2015-03-04 | 16,666 | $27.84 | 89,772 | No | 4 | S | Direct | |
Common Stock | Acquisiton | 2015-03-05 | 3,757 | $0.00 | 93,529 | No | 4 | M | Direct | |
Common Stock | Disposition | 2015-03-05 | 1,762 | $28.30 | 91,767 | No | 4 | F | Direct | |
Common Stock | Acquisiton | 2015-03-06 | 1,817 | $0.00 | 93,584 | No | 4 | M | Direct | |
Common Stock | Disposition | 2015-03-06 | 852 | $27.34 | 92,732 | No | 4 | F | 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 | |
No | 4 | M | 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 | Stock Options | Disposition | 2015-03-04 | 0 | $0.00 | 26,004 | $0.00 |
Common Stock | Restricted Stock Rights | Acquisiton | 2015-03-04 | 4,705 | $0.00 | 4,705 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
14,000 | No | 4 | M | Direct | ||
9,732 | No | 4 | A | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Phantom Stock Shares | $0.00 | 6,510 | 6,510 | Indirect |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
6,510 | 6,510 | Indirect |
Footnotes
- The performance shares were earned as of December 31, 2014 for the 2012-2014 performance period, as determined effective February 26, 2015.
- 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.
- Represents the portions of previous awards of restricted stock rights that vested effective as of March 5 and 6, 2015.
- 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 (3) 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.
- Based on the closing price on the date of the grant.
- Stock options were awarded on multiple dates. The exercise price associated with each stock option award was based on the closing price of PNM Resources, Inc. common stock on the date of the grant.
- The options expire 10 years from the 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 II, 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, 2015.
- 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 4, 2016. 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).