SEC Form 4 · accession 0001562180-17-001938
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
May 11, 2017
Accepted (ET)
May 15, 2017 · 2:52 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 | May 11, 2017 | M | 4,000 | $23.90 | A | 352,190 | D | |
| Common StockF1 | May 11, 2017 | F | 3,724 | $36.80 | D | 348,466 | D | |
| Common Stock | May 11, 2017 | M | 24,000 | $13.17 | A | 372,466 | D | |
| Common StockF1 | May 11, 2017 | F | 15,341 | $36.80 | D | 357,125 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2,F3,F4 | — | May 11, 2017 | M | 4,000 | D | — | — | Common Stock | 4,000 | 180,000 | D |
| Stock OptionsF2,F3,F4 | — | May 11, 2017 | M | 24,000 | D | — | — | Common Stock | 24,000 | 156,000 | D |
Explanation of responses
- F1Represents shares withheld by PNM Resources, Inc. to satisfy the options cost and tax withholding obligations.
- F2Based on the closing price on the date of the grant.
- F3The options vested in three equal annual installments from grant date and are fully vested.
- F4The options expire 10 years from grant date.