SEC Form 4 · accession 0001562180-18-002643
TXNM ENERGY INC · TXNM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sidney M. Gutierrez
Director
Period of report
May 22, 2018
Accepted (ET)
May 23, 2018 · 7:00 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 22, 2018 | A | 2,344 | $0.00 | A | 9,139 | 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 | 779 | 779 | D |
Explanation of responses
- F1These shares represent restricted stock units granted on May 22, 2018 that will vest on May 22, 2019 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.
- 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 from grant date. 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).