SEC Form 4 · accession 0001562180-16-002983
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia K Collawn
Officer — CHAIRMAN, PRESIDENT AND CEO · Director
Period of report
Aug 12, 2016
Accepted (ET)
Aug 16, 2016 · 1:42 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 | Aug 12, 2016 | G | 3,000 | $0.00 | D | 273,657 | 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 | 30,296 | 30,296 | D |
| Phantom Stock SharesF6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 74,387 | 74,387 | I |
| Stock OptionsF7,F8,F9 | — | holding | — | — | — | — | — | Common Stock | 184,000 | 184,000 | D |
Explanation of responses
- F1The reporting person donated 3,000 shares to Animal Humane New Mexico.
- 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).
- F4The security converts to common stock on a one-for-one basis.
- F5The 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.
- F6Total represents phantom stock shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan II as of August 12, 2016.
- F7Based on the closing price on the date of the grant.
- F8The options vest in three equal annual installments from grant date.
- F9The options expire 10 years from grant date.