Insider Trades - PACHECO MANUEL T

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PACHECO MANUEL T: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
PNM Resources, Inc. (Holding Co Director NYSE:PNM (historical quotes, profile, SEC, other insiders)	15-May-12	18,513	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
15-May-12 3,062 PNM Acquisition (Non Open Market)
10-May-12 7,500 PNM Option Exercise at $18.23 per share.
(Cost of $136,725)
10-May-12 7,500 PNM Sale at $18.46 per share.
(Proceeds of $138,450)
16-Nov-11 2,051 PNM Option Exercise at $9.43 - $14.65 per share.
16-Nov-11 4,051 PNM Sale at $18.50 - $18.52 per share.
(Proceeds of about $75,000)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
15-May-12	3,062	PNM	Acquisition (Non Open Market)
10-May-12	7,500	PNM	Option Exercise at $18.23 per share. (Cost of $136,725)
10-May-12	7,500	PNM	Sale at $18.46 per share. (Proceeds of $138,450)
16-Nov-11	2,051	PNM	Option Exercise at $9.43 - $14.65 per share.
16-Nov-11	4,051	PNM	Sale at $18.50 - $18.52 per share. (Proceeds of about $75,000)