SEC Form 4 · accession 0001562180-16-001968
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles N Eldred
Officer — EXEC VP, CFO
Period of report
Mar 9, 2016
Accepted (ET)
Mar 14, 2016 · 9:41 am 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 Stock | Mar 9, 2016 | S | 1,550 | $33.29 | D | 89,155 | 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 SharesF3,F1,F2 | — | holding | — | — | — | — | — | Common Stock | 6,685 | 6,685 | I |
| Restricted Stock RightsF4,F5 | — | holding | — | — | — | — | — | Common Stock | 9,233 | 9,233 | D |
Explanation of responses
- F1The security converts to common stock on a one-for-one basis.
- F2The phantom stock 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.
- F3Total represents phantom stock shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan II as of February 29, 2016.
- 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. 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).