PNM RESOURCES INC 4
4 · PNM RESOURCES INC · Filed Nov 5, 2015
Insider Transaction Report
Form 4
Talbot Ronald E
SR VP, CHIEF OPERATING OFFICER
Transactions
- Sale
Common Stock
2015-11-05$28.28/sh−3,150$89,082→ 25,269 total
Holdings
- 6,060
Phantom Stock Shares
→ Common Stock (6,060 underlying) - 7,094
Restricted Stock Rights
→ Common Stock (7,094 underlying)
Footnotes (7)
- [F1]Represents shares sold in the open market to satisfy the reporting person's tax obligations arising in connection with the vesting of the the equity awards, in addition to the minimum statutory tax withholding for the vesting of equity awards.
- [F2]Reflects the sale of stock.
- [F3]The security converts to common stock on a one-for-one basis.
- [F4]The phantom 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.
- [F5]Total represents shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan II as of September 30, 2015.
- [F6]Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
- [F7]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).