SEC Form 4 · accession 0001562180-17-002590
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick V Apodaca
Officer — SR VP, GEN COUNSEL & SECY
Period of report
Aug 2, 2017
Accepted (ET)
Aug 3, 2017 · 5:22 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 | Aug 2, 2017 | M | 5,333 | $12.22 | A | 65,009 | D | |
| Common Stock | Aug 2, 2017 | S | 5,333 | $40.43 | D | 59,676 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1,F2 | $12.22 | Aug 2, 2017 | M | 5,333 | D | — | — | Common Stock | 5,333 | 0 | D |
| Restricted Stock RightsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 5,087 | 5,087 | D |
Explanation of responses
- F1The options vest in three equal annual installments from grant date of issuance.
- F2The options expire 10 years from grant date.
- F3Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
- F4The 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).