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Filing Details

Accession Number:: 0001562180-18-001504
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-03-06 16:51:03
Reporting Period:: 2018-03-02

Accepted Time:: 2018-03-06 16:51:03
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 Ms1275 Albuquerque NM 87158-1275	Exec Vp, Cfo	No	No	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	2018-03-02	22,084	$0.00	115,888	No	4	A	Direct
Common Stock	Disposition	2018-03-02	8,582	$35.85	107,306	No	4	F	Direct
Common Stock	Disposition	2018-03-02	1,500	$35.55	105,806	No	4	S	Direct
Common Stock	Acquisiton	2018-03-04	1,568	$0.00	107,374	No	4	M	Direct
Common Stock	Disposition	2018-03-04	694	$35.85	106,680	No	4	F	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Rights	Acquisiton	2018-03-02	4,348	$0.00	4,348	$0.00
Common Stock	Restricted Stock Rights	Disposition	2018-03-04	1,568	$0.00	1,568	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
13,081			No	4	A	Direct
11,513			No	4	M	Direct

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			6,817	6,817	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	6,817	6,817	Indirect

Footnotes

The following performance shares were earned as of December 31, 2017 and settled on March 2, 2018: (1) 14,414 shares earned for the 2015-2017 performance period and (2) 7,670 shares earned under a special performance based retention award.
Total represents phantom stock shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan II as of February 28, 2018.
Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the settlement of equity awards. The company utilizes a modified "share withholding" approach in connection with settling equity awards, in which it (i) withholds (in cash) an amount to satisfy 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 equity awards at the prevailing market price. Only these "net shares" are delivered to the recipient of the equity awards.
This transaction was executed in multiple trades at prices ranging from $35.55 USD to $35.575 USD; the price reported above reflects the weighted average sale price.
Represents the portions of previous awards of restricted stock rights that vested effective as of March 4, 2018.
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 one year from March 7, 2018. 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).
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).
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.