SEC Form 4 · accession 0001108426-15-000122
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald N. Darnell
Officer — SVP, PUBLIC POLICY
Period of report
Nov 5, 2015
Accepted (ET)
Nov 5, 2015 · 5:50 pm EST
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,F2 | Nov 5, 2015 | S | 2,900 | $28.29 | D | 25,347 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock RightsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 4,526 | 4,526 | D |
Explanation of responses
- F1Represents 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.
- F2Reflects the sale of stock.
- F3Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
- F4The 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).