0001562180-16-001935.txt : 20160308 0001562180-16-001935.hdr.sgml : 20160308 20160308135903 ACCESSION NUMBER: 0001562180-16-001935 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160304 FILED AS OF DATE: 20160308 DATE AS OF CHANGE: 20160308 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: Talbot Ronald E CENTRAL INDEX KEY: 0001540396 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32462 FILM NUMBER: 161491197 MAIL ADDRESS: STREET 1: 414 SILVER AVE SW MS 1275 CITY: ALBUQUERQUE STATE: NM ZIP: 87102-3289 4 1 primarydocument.xml PRIMARY DOCUMENT X0306 4 2016-03-04 false 0001108426 PNM RESOURCES INC PNM 0001540396 Talbot Ronald E CORPORATE HEADQUARTERS MS1275 ALBUQUERQUE NM 87158-1275 false true false false SR VP, CHIEF OPERATING OFFICER Common Stock 2016-03-04 4 M false 1155.00 A 31800.00 D Common Stock 2016-03-04 4 F false 373.00 32.89 D 31427.00 D Common Stock 2016-03-04 4 S false 1688.00 32.46 D 29739.00 D Common Stock 2016-03-05 4 M false 1169.00 A 30908.00 D Common Stock 2016-03-05 4 F false 378.00 32.89 D 30530.00 D Common Stock 2016-03-06 4 M false 1291.00 A 31821.00 D Common Stock 2016-03-06 4 F false 417.00 32.89 D 31404.00 D Restricted Stock Rights 2016-03-04 4 M false 1155.00 0.00 D Common Stock 1155.00 8948.00 D Restricted Stock Rights 2016-03-05 4 M false 1169.00 0.00 D Common Stock 1169.00 7779.00 D Restricted Stock Rights 2016-03-06 4 M false 1291.00 0.00 D Common Stock 1291.00 6488.00 D Phantom Stock Shares Common Stock 6139.00 6139.00 D Represents the portions of previous awards of restricted stock rights that vested effective as of March 4, March 5, and March 6, 2016. Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the vesting of the restricted stock rights referenced in (1) above. The company utilizes a modified "share withholding" approach in connection with settling awards of restricted stock rights upon vesting, in which it (i) withholds (in cash) the amount required to satisfy the 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 vested restricted stock rights award at the prevailing market price. Only these "net shares" are delivered to the recipient of the award. Represents additional shares sold in the open market to satisfy the reporting persons tax obligations arising in connection with the vesting of the equity awards referenced in (1) above, in addition to the minimum statutory tax withholding for the vesting of equity awards. Price represents a weighted average fill price ranging from 32.45 to 32.47. 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. 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 29, 2016. /s/ Laurie S. Monfiletto, POA for Ronald E. Talbot 2016-03-08 EX-24 2 talbotpoa.txt TALBOT POA Power of Attorney I, Ronald E. Talbot, reside at 13505 Quaking Aspen Place NE, Albuquerque, New Mexico 87111. I appoint Laurie S. Monfiletto, Vice President, Human Resources, Corporate Headquarters, MS-0705, Albuquerque, New Mexico 87158; Angela Pino, Manager, Compensation, Corporate Headquarters, MS-0755, Albuquerque, New Mexico 87158; or Donna Briggs, Administrator III, Corporate Headquarters, MS-0705, Albuquerque, New Mexico 87158 to serve as my attorneys-in-fact to: (1) execute for me in my capacity as an Officer of PNM Resources, Inc. (Company), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 (1934 Act) and the associated rules; (2) perform for me all acts which may be necessary or desirable to complete and execute Forms 3, 4, and 5, complete and execute any amendments, and timely file the forms with the United States Securities and Exchange Commission and the New York Stock Exchange, or similar authority; or (3) take any other action related to the powers identified in items (1) and (2), which, in the opinion of the attorneys-in-fact, may be legally required or beneficial to me. I acknowledge that the attorneys-in-fact are serving at my request and neither they nor the Company are assuming any of my responsibilities to comply with Section 16 of the 1934 Act. This Power of Attorney shall remain in full force and effect until I am no longer required to file Forms 3, 4, and 5 with respect to my holdings of and transactions in securities issued by the Company, unless earlier revoked by me in a signed writing delivered to the attorneys-in-fact. /s/ Ronald E. Talbot Ronald E. Talbot ACKNOWLEDGEMENT State of New Mexico ) ) ss. County of Bernalillo ) The foregoing instrument was acknowledged before me on February 24, 2016 by Ronald E. Talbot. /s/Susan G. Gordon Notary Public My Commission Expires: September 12, 2016