SEC Form 4 · accession 0001562180-16-002381
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert R Nordhaus
Director
Period of report
May 17, 2016
Accepted (ET)
May 18, 2016 · 2:31 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 StockF1 | May 17, 2016 | M | 2,639 | — | A | 23,318 | 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 | — | May 17, 2016 | M | 2,639 | D | — | — | Common Stock | 2,639 | 0 | D |
| Stock OptionsF4,F5 | — | holding | — | — | — | — | — | Common Stock | 3,050 | 3,050 | D |
Explanation of responses
- F1Represents the portions of previous awards of restricted stock rights that vested upon Mr. Nordhaus retirement from the PNM Resources Board of Directors on May 17, 2016.
- 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).
- F4Based on the closing price on the date of the grant.
- F5The options vested in three equal annual installments from grant date and are fully vested.