0001562180-17-001150.txt : 20170307
0001562180-17-001150.hdr.sgml : 20170307
20170307135433
ACCESSION NUMBER: 0001562180-17-001150
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170303
FILED AS OF DATE: 20170307
DATE AS OF CHANGE: 20170307
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PNM RESOURCES INC
CENTRAL INDEX KEY: 0001108426
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 850019030
STATE OF INCORPORATION: NM
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 414 SILVER AVE. SW
CITY: ALBUQUERQUE
STATE: NM
ZIP: 87102-3289
BUSINESS PHONE: 5052412700
MAIL ADDRESS:
STREET 1: 414 SILVER AVE. SW
STREET 2: ATTN: MS 0905 - CATHY MARTINEZ
CITY: ALBUQUERQUE
STATE: NM
ZIP: 87102-3289
FORMER COMPANY:
FORMER CONFORMED NAME: MANZANO CORP
DATE OF NAME CHANGE: 20000303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: COLLAWN PATRICIA K
CENTRAL INDEX KEY: 0001083786
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931]
STATE OF INCORPORATION: CO
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32462
FILM NUMBER: 17671410
MAIL ADDRESS:
STREET 1: 414 SILVER AVE SW MS 1275
CITY: ALBUQUERQUE
STATE: NM
ZIP: 87102-3289
FORMER NAME:
FORMER CONFORMED NAME: VINCENT PATRICIA K
DATE OF NAME CHANGE: 19990409
4
1
primarydocument.xml
PRIMARY DOCUMENT
X0306
4
2017-03-03
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0001108426
PNM RESOURCES INC
PNM
0001083786
COLLAWN PATRICIA K
CORPORATE HEADQUARTERS
MS 1275
ALBUQUERQUE
NM
87158-1275
true
true
false
false
CHAIRMAN, PRESIDENT AND CEO
Common Stock
2017-03-03
4
A
false
125069.00
A
398726.00
D
Common Stock
2017-03-03
4
F
false
58595.00
36.30
D
340131.00
D
Common Stock
2017-03-04
4
M
false
5530.00
A
345661.00
D
Common Stock
2017-03-04
4
F
false
2591.00
36.30
D
343070.00
D
Common Stock
2017-03-05
4
M
false
4832.00
A
347902.00
D
Common Stock
2017-03-05
4
F
false
2264.00
36.30
D
345638.00
D
Restricted Stock Rights
2017-03-03
4
A
false
13884.00
0.00
A
Common Stock
13884.00
44180.00
D
Restricted Stock Rights
2017-03-04
4
M
false
5530.00
0.00
D
Common Stock
5530.00
38650.00
D
Restricted Stock Rights
2017-03-05
4
M
false
4832.00
0.00
D
Common Stock
4832.00
33818.00
D
Phantom Stock Shares
Common Stock
75585.00
75585.00
I
PNM Common Stock Fund - PNM Resources Executive Savings Plan
Stock Options
Common Stock
184000.00
184000.00
D
The following performance shares were earned as of December 31, 2016 and settled on March 3, 2017: (1) 25,069 shares earned for the 2014-2016 performance period and (2) 100,000 shares earned under a special performance based retention award.
Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the settlement of the performance share awards described in (1) above. The company utilizes a modified "share withholding" approach in connection with settling awards of performance shares, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the company's common stock that can be acquired with the after-tax value of the performance share award at the prevailing market price. Only these "net shares" are delivered to the recipient of the performance share award.
Represents the portions of previous awards of restricted stock rights that vested effective as of March 4, 2017.
Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the vesting and settlement of the restricted stock rights award described in (3) above. The company utilizes a modified "share withholding" approach in connection with settling awards of restricted stock rights, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the company's common stock that can be acquired with the after-tax value of the restricted stock right award at the prevailing market price. Only these "net shares" are delivered to the recipient of the vested restricted stock rights award.
Represents the portions of previous awards of restricted stock rights that vested effective as of March 5, 2017.
Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the vesting and settlement of the restricted stock rights award described in (5) above. The company utilizes a modified "share withholding" approach in connection with settling awards of restricted stock rights, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the company's common stock that can be acquired with the after-tax value of the restricted stock right award at the prevailing market price. Only these "net shares" are delivered to the recipient of the vested restricted stock rights award.
Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
The restricted stock units vest in three equal annual installments beginning one year from March 7, 2017. 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).
The 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).
The security converts to common stock on a one-for-one basis.
The 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.
Total represents phantom stock shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan II as of February 28, 2017.
Based on the closing price on the date of the grant.
The options vest in three equal annual installments from grant date.
The options expire 10 years from grant date.
/s/ Laurie S. Monfiletto, POA for Patricia K. Collawn
2017-03-07