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4//SEC Filing

PNM RESOURCES INC 4

Accession 0001108426-15-000020

$TXNMCIK 0001108426operating
View on SEC.govCompany Profile

Filed

Mar 5, 7:00 PM ET

Accepted

Mar 6, 5:42 PM ET

Size

19.9 KB

Accession

0001108426-15-000020

Insider Transaction Report

Form 4
Period: 2015-03-04
PNM RESOURCES INCPNM
SATEGNA THOMAS G
VP AND CORP CNTRL
Transactions
  • Award

    Common Stock

    2015-03-04+6,813→ 6,813 total
  • Tax Payment

    Common Stock

    2015-03-04$27.85/sh−2,178$60,657→ 4,635 total
  • Exercise/Conversion

    Common Stock

    2015-03-05+935→ 5,570 total
  • Exercise/Conversion

    Common Stock

    2015-03-06+441→ 5,708 total
  • Tax Payment

    Common Stock

    2015-03-05$28.30/sh−303$8,575→ 5,267 total
  • Tax Payment

    Common Stock

    2015-03-06$27.34/sh−143$3,910→ 5,565 total
  • Award

    Restricted Stock Rights

    2015-03-04−1,146→ 2,384 total
    → Common Stock (1,146 underlying)
Holdings

  • Phantom Stock Shares

    (indirect: PNM Common Stock Fund - PNM Resources Executive Savings Plan)
    → Common Stock (13,197 underlying)
    13,197

  • Stock Options

    → Common Stock (12,000 underlying)
    12,000
Footnotes (12)
  • [F1]The performance shares were earned as of December 31, 2014 for the 2012-2014 performance period, as determined effective February 26, 2015.
  • [F10]Based on the closing price on the date of the grant.
  • [F11]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.
  • [F12]The options expire 10 years from the grant date.
  • [F2]Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the settlement of the performance share award described in (3) above. The company utilizes a modified "share withholding" approach in connection with settling awards of performance shares, 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 performance share award at the prevailing market price. Only these "net shares" are delivered to the recipient of the performance share award.
  • [F3]Represents the portions of previous awards of restricted stock rights that vested effective March 5 and 6, 2015.
  • [F4]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.
  • [F5]The security converts to common stock on a one-for-one basis.
  • [F6]The phantom stock shares were acquired under the PNM Resources, Inc. Executive Savings Plan II, and will settle upon the Reporting Person's retirement or other termination of service.
  • [F7]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, 2015.
  • [F8]Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
  • [F9]Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock. The remaining restricted stock units vest in two equal annual installments, beginning on March 4, 2016. 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).

Documents

1 file

Issuer

PNM RESOURCES INC

CIK 0001108426

→
Entity typeoperating
IncorporatedNM

Related Parties

1
  • filerCIK 0001108426

Filing Metadata

Form type
4
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 5:42 PM ET
Size
19.9 KB
View on SEC.gov