Filing Details
- Accession Number:
- 0001562180-18-001505
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-03-06 16:51:12
- Reporting Period:
- 2018-03-02
- Accepted Time:
- 2018-03-06 16:51:12
- 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 |
|---|---|---|---|---|---|---|---|
| 1637037 | Don Joseph Tarry | Corporate Headquarters Ms1275 Albuquerque NM 87158-1275 | Vp, Finance And Controller | 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 | 2018-03-02 | 3,552 | $0.00 | 13,845 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2018-03-02 | 1,324 | $35.85 | 12,521 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2018-03-04 | 425 | $0.00 | 12,946 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-03-04 | 125 | $35.85 | 12,821 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2018-03-05 | 2,954 | $35.70 | 9,867 | No | 4 | S | 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 | 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 | Acquisiton | 2018-03-02 | 1,118 | $0.00 | 1,118 | $0.00 |
| Common Stock | Restricted Stock Rights | Disposition | 2018-03-04 | 425 | $0.00 | 425 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,400 | No | 4 | A | Direct | ||
| 2,975 | No | 4 | M | Direct |
Footnotes
- The performance shares were earned as of December 31, 2017 for the 2015-2017 performance period, and settled on March 2, 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.
- 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).
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