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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
1350048	N Charles Eldred	414 Silver Ave, Sw 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	Disposition	2015-11-04	5,409	$28.35	87,323	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	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Phantom Stock Shares	$0.00	6,696	6,696	Indirect
Common Stock	Restricted Stock Rights	$0.00	9,732	9,732	Direct
Common Stock	Stock Options	$0.00	14,000	14,000	Direct

Amount	Remaning Holdings	Nature of Ownership
6,696	6,696	Indirect
9,732	9,732	Direct
14,000	14,000	Direct

Footnotes

Represents shares sold in the open market to satisfy the reporting person's tax obligations arising in connection with the vesting of the equity awards, in addition to the minimum statutory tax withholding for the vesting of equity awards.
Reflects the sale of stock
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 II as of September 30, 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. 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).
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 grant date.