SEC Info - Collawn Patricia K - ‘4’ for 3/6/20 re: PNM Resources Inc.

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

COLLAWN PATRICIA K

(Last)

(First)

(Middle)

CORPORATE HEADQUARTERS

MS 1275

(Street)

ALBUQUERQUE

87158-1275

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PNM RESOURCES INC [ PNM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CHAIRMAN, PRESIDENT AND CEO

3. Date of Earliest Transaction (Month/Day/Year)
3/6/20

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock ⁽¹⁾	3/6/20		M		5,171	A	$0.00	555,803	D
Common Stock ⁽²⁾	3/6/20		F		2,289	D	$51.83	553,514	D
Common Stock ⁽¹⁾	3/6/20		M		4,628	A	$0.00	558,142	D
Common Stock ⁽²⁾	3/6/20		F		2,048	D	$51.83	556,094	D
Common Stock ⁽¹⁾	3/6/20		M		4,349	A	$0.00	560,443	D
Common Stock ⁽²⁾	3/6/20		F		1,925	D	$51.83	558,518	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Rights	⁽³⁾	3/6/20		M			5,171	⁽⁴⁾	⁽⁴⁾	Common Stock	5,171	$0.00	35,498	D
Restricted Stock Rights	⁽³⁾	3/6/20		M			4,628	⁽⁴⁾	⁽⁴⁾	Common Stock	4,628	$0.00	30,870	D
Restricted Stock Rights	⁽³⁾	3/6/20		M			4,349	⁽⁴⁾	⁽⁴⁾	Common Stock	4,349	$0.00	26,521	D
Phantom Stock Shares	⁽⁵⁾							⁽⁶⁾	⁽⁶⁾	Common Stock	80,985		80,985 ⁽⁷⁾	I	PNM Common Stock Fund - PNM Resources Executive Savings Plan II

Explanation of Responses:

(1) Represents the portions of previous awards of restricted stock rights that vested effective as of March 6, 2020.

(2) Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the settlement of equity awards. The company utilizes a modified "share withholding" approach in connection with settling equity awards, 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 equity awards at the prevailing market price. Only these "net shares" are delivered to the recipient of the equity awards.

(3) Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

(4) 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).

(5) The security converts to common stock on a one-for-one basis.

(6) The phantom stock shares were acquired under the PNM Resources, Inc. Executive Savings Plan II, and will settle upon the Reporting Person's retirement or other termination of service.

(7) 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, 2020.

Remarks:

	/s/ Angela L. Pino, POA for Patricia K. Collawn	3/10/20
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Codes:
F	Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.
M	Exercise or conversion of derivative security exempted pursuant to Rule 16b-3.

Collawn Patricia K – ‘4’ for 3/6/20 re: PNM Resources Inc.

On: Tuesday, 3/10/20, at 4:34pm ET · For: 3/6/20 · Accession #: 1562180-20-2346 · File #: 1-32462

Previous ‘4’: ‘4’ on 3/5/20 for 3/3/20 · Next: ‘4’ on 4/3/20 for 4/1/20 · Latest: ‘4’ on 3/8/24 for 3/7/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Collawn Patricia K – ‘4’ for 3/6/20 re: PNM Resources Inc.

On: Tuesday, 3/10/20, at 4:34pm ET · For: 3/6/20 · Accession #: 1562180-20-2346 · File #: 1-32462

Previous ‘4’: ‘4’ on 3/5/20 for 3/3/20 · Next: ‘4’ on 4/3/20 for 4/1/20 · Latest: ‘4’ on 3/8/24 for 3/7/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents