SEC Form 4 · accession 0001562180-16-001993
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
Mar 16, 2016
Accepted (ET)
Mar 17, 2016 · 11:47 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 StockF1 | Mar 16, 2016 | S | 113 | $33.05 | D | 26,377 | 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 RightsF2,F3 | — | holding | — | — | — | — | — | Common Stock | 3,928 | 3,928 | D |
Explanation of responses
- F1Represents additional shares sold in the open market to satisfy the reporting persons tax obligations arising in connection with the recent vesting of equity awards referenced in the March 4, 2016 and March 8, 2016 Forms 4 filed by the reporting person, in addition to the minimum statutory tax withholding for the vesting of such equity awards.
- F2Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
- F3The 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).