SEC Form 4 · accession 0001562180-16-001969
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adelmo E Archuleta
Director
Period of report
Mar 7, 2016
Accepted (ET)
Mar 14, 2016 · 1:30 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 Stock | Mar 7, 2016 | M | 1,050 | $24.64 | A | 28,153 | D | |
| Common Stock | Mar 7, 2016 | M | 1,050 | $30.79 | A | 29,203 | D | |
| Common Stock | Mar 7, 2016 | S | 2,100 | $32.98 | D | 27,103 | 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 | — | Mar 7, 2016 | M | 2,100 | D | — | — | Common Stock | 2,100 | 0 | D |
| Restricted Stock RightsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 5,301 | 5,301 | D |
Explanation of responses
- F1Based on the closing price on the date of the grant.
- F2The options vested in three equal annual installments from grant date and are fully vested.
- 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 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).