SEC Form 4 · accession 0001108426-15-000124
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald E Talbot
Officer — SR VP, CHIEF OPERATING OFFICER
Period of report
Nov 5, 2015
Accepted (ET)
Nov 5, 2015 · 5:56 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 | 3,150 | $28.28 | D | 25,269 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock SharesF5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 6,060 | 6,060 | D |
| Restricted Stock RightsF6,F7 | — | holding | — | — | — | — | — | Common Stock | 7,094 | 7,094 | 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.
- F3The security converts to common stock on a one-for-one basis.
- F4The 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.
- F5Total represents shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan II as of September 30, 2015.
- F6Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
- F7The 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).