UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
LOYACK, JOHN R
ALVARADO SQUARE
M. S. 1104
ALBUQUERQUE, NM 87158
USA
2. Issuer Name and Ticker or Trading Symbol
PNM RESOURCES, INC.
PNM
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
09/12/02
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
VICE PRESIDENT, CORPORATE CONTROLLER & CHIEF ACCOUNTING OFFICER
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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COMMON STOCK |01/07/|L |V|7.1149 |A |$28.8500 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |01/18/|L |V|3.4217 |A |$29.2004 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |02/08/|L |V|3.7915 |A |$26.35.00 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |02/21/|L |V|3.8469 |A |$25.9700 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |03/06/|L |V|3.6795 |A |$27.1529 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |03/20/|L |V|3.5438 |A |$28.1930 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |04/04/|L |V|3.2832 |A |$30.4332 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |04/18/|L |V|3.5510 |A |$28.1362 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |05/08/|L |V|3.5057 |A |$28.5000 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |05/20/|L |V|3.6880 |A |$27.0900 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |06/06/|L |V|7.8301 |A |$25.5174 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |06/20/|L |V|4.0626 |A |$24.5900 | |D | |
|02 | | | | | | | | |
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COMMON STIOCK |07/05/|L |V|4.2292 |A |$23.6200 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |07/15/| |V|100 |A | | |D | |
|02 | | | | | | | | |
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COMMON STOCK |07/18/|L |V|5.2701 |A |$18.9500 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |08/08/|L |V|5.0063 |A |$19.95 | |D | |
|02 | | | | | | | | |
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|08/20/|L |V|4.8423 |A |$20.6263 |(1)947 | | |
|02 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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OPTIONS |$25.75 |02/18|A |V|8,500 |A |(2) |02/18|COMMON STOCK|8,500 | |29,000 |D | |
| |/02 | | | | | |/12 | | | | | | |
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PHANTON STOCK UNITS |1 FOR 1 |07/31|A |V|186 |A |(3) |(3) |COMMON STOCK|186 | |186 |I |(3) |
| |/02 | | | | | | | | | | | | |
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Explanation of Responses:
(1) TOTAL INCLUDES 2 SHARES ACQUIRED UNDER THE PNM RESOURCES, INC. DIVIDEND
REINVESTMENT PLAN AND 644 SHARES ACQUIRED
UNDER THE PNM RESOURCES, INC. 401(K) PLAN. THE INFORMATION IN THIS REPORT IS
BASED ON A PLAN STATEMENT DATED 7/31/02.
(2) THE OPTION VESTS IN THREE EQUAL ANNUAL INSTALLMENTS BEGINNING FEBRUARY 18,
2003.
(3) THE PHANTOM STOCK UNITS WERE ACQUIRED UNDER PNM RESOURCES, INC. EXECUTIVE
SAVINGS PLAN AND WILL BE SETTLED UPON THE
REPORTING PERSON'S RETIREMENT OR OTHER TERMINATION OF
SERVICE.