Filing Details
- Accession Number:
- 0001562180-16-001931
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-03-08 13:58:41
- Reporting Period:
- 2016-03-04
- Filing Date:
- 2016-03-08
- Accepted Time:
- 2016-03-08 13:58:41
- 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 |
|---|---|---|---|---|---|---|---|
| 1478313 | V Patrick Apodaca | Corporate Headquarters Ms 1275 Albuquerque NM 87158-1275 | Sr Vp, Gen Counsel & Secy | No | 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 | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2016-03-04 | 962 | $0.00 | 58,649 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-03-04 | 311 | $32.89 | 58,338 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2016-03-05 | 992 | $0.00 | 59,330 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-03-05 | 320 | $32.89 | 59,010 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2016-03-06 | 1,107 | $0.00 | 60,117 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-03-06 | 358 | $32.89 | 59,759 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2016-03-07 | 3,800 | $33.04 | 55,959 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Rights | Disposition | 2016-03-04 | 962 | $0.00 | 962 | $0.00 |
| Common Stock | Restricted Stock Rights | Disposition | 2016-03-05 | 992 | $0.00 | 992 | $0.00 |
| Common Stock | Restricted Stock Rights | Disposition | 2016-03-06 | 1,107 | $0.00 | 1,107 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 7,645 | No | 4 | M | Direct | ||
| 6,653 | No | 4 | M | Direct | ||
| 5,546 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Options | $0.00 | 5,333 | 5,333 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 5,333 | 5,333 | Direct |
Footnotes
- Represents the portions of previous awards of restricted stock rights that vested effective as of March 4, March 5, and March 6, 2016.
- 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.
- Represents additional shares sold in the open market to satisfy the reporting persons tax obligations arising in connection with the vesting of the equity awards referenced in (1) above, in addition to the minimum statutory tax withholding for the vesting of equity awards.
- Price represents a weighted average fill price ranging from 32.99 to 33.08.
- 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.
- The options vest in three equal annual installments from grant date.
- The options expire 10 years from grant date.
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