SEC Form 4 · accession 0001108426-15-000030
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joan B Woodard
Director
Period of report
Mar 17, 2015
Accepted (ET)
Mar 17, 2015 · 4:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001108426
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 17, 2015 | M | 1,050 | $27.52 | A | 22,280 | D | |
| Common Stock | Mar 17, 2015 | S | 1,050 | $28.09 | D | 21,230 | D | |
| Common StockF1 | Mar 17, 2015 | M | 1,050 | $24.64 | A | 22,280 | D | |
| Common Stock | Mar 17, 2015 | S | 1,050 | $28.09 | D | 21,230 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1,F2,F3 | — | Mar 17, 2015 | M | 2,100 | D | — | — | Common Stock | 2,100 | 4,100 | D |
| Restricted Stock RightsF4,F5 | — | holding | — | — | — | — | — | Common Stock | 5,273 | 5,273 | D |
Explanation of responses
- F1Based on the closing price on the date of the grant.
- F2Stock 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.
- F3The options expire 10 years from grant date.
- F4Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
- F5The restricted stock units vest in three equal annual installments from grant date. 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).