PNM RESOURCES INC 4
4 · PNM RESOURCES INC · Filed Dec 22, 2014
Insider Transaction Report
Form 4
Nordhaus Robert R
Director
Transactions
- Purchase
Common Stock
2014-03-14$27.00/sh+47$1,269→ 15,256 total - Purchase
Common Stock
2014-08-05$25.01/sh+6$150→ 15,262 total
Holdings
- 3,050
Stock Options
→ Common Stock (3,050 underlying) - 5,273
Restricted Stock Rights
→ Common Stock (5,273 underlying)
Footnotes (6)
- [F1]On December 19, 2014, Mr. Nordhaus learned from his investment advisor that two small stock trades had been made earlier on his behalf, despite Mr. Nordhaus' instructions at the time he opened the investment advisory account not to execute trades in the issuer's stock. The two trades were made in a discretionary, separately managed account, and neither Mr. Nordhaus nor his investment advisor had directed the trades or had been aware of them. As soon as Mr. Nordhaus learned of the trades, he immediately contacted the issuer, and this Form 4 was filed as soon as possible thereafter. Steps have been taken by Mr. Nordhaus' investment advisor to assure that this type of situation does not occur again.
- [F2]Based on the closing price on the date of the grant.
- [F3]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.
- [F4]The options expire 10 years from grant date.
- [F5]Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
- [F6]The restricted stock units vest in three equal annual installments from grant date of issuance. 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).