SEC Form 4 · accession 0001562180-17-001985
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald K Schwanz
Director
Period of report
May 16, 2017
Accepted (ET)
May 18, 2017 · 11:01 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 | May 16, 2017 | A | 2,452 | $0.00 | A | 28,540 | D | |
| Common StockF2 | May 17, 2017 | M | 780 | $0.00 | A | 29,320 | 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, 2017 | M | 780 | D | — | — | Common Stock | 780 | 2,486 | D |
| Stock OptionsF4,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1These shares represent restricted stock units granted on May 16, 2017 that will vest on May 16, 2018 and be settled in common stock upon or after vesting.
- F2Represents the portions of previous awards of restricted stock rights that vested on May 17, 2017.
- 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.
- F6The options expire 10 years from grant date.