SEC Form 4 · accession 0001562180-16-002379
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce W Wilkinson
Director
Period of report
May 17, 2016
Accepted (ET)
May 18, 2016 · 1:17 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 | holding | — | — | — | 35,963 | 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 RightsF1,F2 | — | May 17, 2016 | A | 2,339 | A | — | — | Common Stock | 2,339 | 4,978 | D |
| Stock OptionsF3,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 1,000 | 1,000 | D |
Explanation of responses
- F1Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
- F2The restricted stock units vest in three equal annual installments beginning May 17, 2017. 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).
- F3Based on the closing price on the date of the grant.
- F4The options vested in three equal annual installments from grant date and are fully vested.
- F5The options expire 10 years from grant date.