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 MAERKI, MAX H ALVARADO SQUARE M. S. 2818 ALBUQUERQUE, NM 87158 BERNALILLO 2. Issuer Name and Ticker or Trading Symbol PUBLIC SERVICE COMPANY OF NEW MEXICO PNM 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year 08/30/01 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) SENIOR VICE PRESIDENT & CHIEF FINANCIAL 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 ___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 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)| | ___________________________________________________________________________________________________________________________________| COMMON STOCK |08/30/|M | |13,490 |A |$17.6250 | | | | |01 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK |08/30/|S | |13,490 |D |$28.9600 | | | | |01 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK |08/30/|M | |7,432 |A |$23.6875 | | | | |01 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK |08/30/|S | |7,432 |D |$28.9600 | | | | |01 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK |08/30/|M | |12,301 |A |$19.6250 | | | | |01 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK |08/30/|S | |12,301 |D |$28.9600 |1,323.7636* |D | | |01 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 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)| | ___________________________________________________________________________________________________________________________________| OPTIONS |$17.6250|08/30|M | |13,490 |D |06/30|12/31|COMMON STOCK|13,490 |$28.96 | | | | | |/01 | | | | |/96 |/05 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| OPTIONS |$23.6875|08/30|M | |7,432 |D |12/31|12/31|COMMON STOCK|7,432 |$28.96 | | | | | |/01 | | | | |/00 |/07 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| OPTIONS |$19.6250|08/30|M | |12,301 |D |12/31|12/31|COMMON STOCK|12,301 |$28.96 |65,000 |D | | | |/01 | | | | |/99 |/06 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________| Explanation of Responses: *iNCLUDES 43.7254 SHARES ACQUIRED UNDER THE PUBLIC SERVICE COMPANY OF NEW MEXICO DIVIDEND REINVESTMENT PROGRAM.