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
REAL, WILLIAM J
ALVARADO SQUARE
M. S. 2840
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)
EXECUTIVE VICE PRESIDENT-PUBLIC POIICY
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|3.5575 |A |$28.0850 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |01/18/|L |V|1.7108 |A |$29.2004 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |02/08/|L |V|1.8957 |A |$26.3500 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |02/21/|L |V|1.9234 |A |$25.9700 | |D | |
|02 | | | | | | | | |
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COMMON STOICK |03/06/|L |V|1.8397 |A |$27.1529 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |03/20/|L |V|1.7719 |A |$28.1930 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |04/04/|L |V|1.6416 |A |$30.4332 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |04/18/|L |V|1.7755 |A |$28.1362 | |D | |
|02 | | | | | | | | |
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COMMON STIOCK |05/08/|L |V|1.7528 |A |$28.5000 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |05/20/|L |V|1.8440 |A |$27.0900 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |06/06/|L |V|3.9151 |A |$25.5174 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |06/20/|L |V|2.0313 |A |$24.5900 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |07/05/|L |V|2.1146 |A |$23.6200 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |07/15/|L |V|150 |A | | |D | |
|02 | | | | | | | | |
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COMMON STOCK |07/18/|L |V|2.6350 |A |$18.9500 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |08/08/|L |V|2.5031 |A |$19.9500 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |08/18/|L |V|2.4212 |A |$20.6263 |(1) 4,042 |D | |
|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|28,000 |A |(2) |02/18|COMMON STOCK|28,000 | |118,432 | | |
| |/02 | | | | | |/12 | | | | | | |
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Explanation of Responses:
(1) TOTAL INCLUDES 2.2443 SHARES OF PNM RESOURCES, INC. COMMON STOCK ACQUIRED
UNDER THE PNM DIVIDEND REINVESTMENT PLAN AND
3,726 SHARES OF PNM RESOURCES COMMON STOCK ACQUIRED UNDER THE PNM RESOURCES,
INC. 401(K) PLAN. INFORMATION ON THIS REPORT
IS BASED ON A PLAN STATEMENT DATED
07/31/02.
(2) OPTIONS VEST IN THREE EQUAL INSTALLMENTS BEGINNING
02/18/03.