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
  1. The performance shares were earned as of December 31, 2014 for the 2012-2014 performance period, as determined effective February 26, 2015.
  2. 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.
  3. Represents the portions of previous awards of restricted stock rights that vested effective as of March 5 and 6, 2015.
  4. 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.
  5. Based on the closing price on the date of the grant.
  6. 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.
  7. The options expire 10 years from the grant date.
  8. The security converts to common stock on a one-for-one basis.
  9. 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.
  10. Total represents phantom stock shares of PNM Resources, Inc. acquired under the PNM Resources, Inc. Executive Savings Plan II as of February 28, 2015.
  11. Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
  12. 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).