0001562180-17-001152.txt : 20170307 0001562180-17-001152.hdr.sgml : 20170307 20170307135443 ACCESSION NUMBER: 0001562180-17-001152 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: Darnell Ronald N. CENTRAL INDEX KEY: 0001536511 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32462 FILM NUMBER: 17671412 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 2017-03-03 false 0001108426 PNM RESOURCES INC PNM 0001536511 Darnell Ronald N. CORPORATE HEADQUARTERS MS1275 ALBUQUERQUE NM 87158-1275 false true false false SVP, PUBLIC POLICY Common Stock 2017-03-03 4 A false 2970.00 A 29347.00 D Common Stock 2017-03-03 4 F false 1392.00 36.30 D 27955.00 D Common Stock 2017-03-04 4 M false 679.00 A 28634.00 D Common Stock 2017-03-04 4 F false 319.00 36.30 D 28315.00 D Common Stock 2017-03-05 4 M false 801.00 A 29116.00 D Common Stock 2017-03-05 4 F false 376.00 36.30 D 28740.00 D Restricted Stock Rights 2017-03-03 4 M false 679.00 0.00 D Common Stock 679.00 3249.00 D Restricted Stock Rights 2017-03-05 4 M false 801.00 0.00 D Common Stock 801.00 2448.00 D Restricted Stock Rights 2017-03-03 4 A false 1594.00 0.00 A Common Stock 1594.00 4042.00 D The performance shares were earned as of December 31, 2016 for the 2014-2016 performance period, and settled on March 3, 2017. Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the settlement of the performance share award 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. 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 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). /s/ Laurie S. Monfiletto, POA for Ronald N. Darnell 2017-03-07