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
ORTIZ, PATRICK T
ALVARADO SQUARE
M. S. 2822
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
09/16/02
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)
SENIOR VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY
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 |$28.0850 | |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 |$26.3500 | |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 STOCK |07/15/| |V|100 |A | | |D | |
|02 | | | | | | | | |
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COMMON STOCK |07/05/|L |V|4.2292 |A |$23.6200 | |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 |$19.9500 | |D | |
|02 | | | | | | | | |
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COMMON STOCK |08/20/|L |V|4.8423 |A |$20.6263 |(1) 3,362 |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|19,000 |A |(2) |02/18|COMMON STOCK|19,000 | |150,672 |D | |
| |/02 | | | | | |/03 | | | | | | |
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Explanation of Responses:
(1) TOTAL INCLUDES 7.2689 SHARES OF PNM RESOURCES, INC. COMMON STOCK ACQUIRED
UNDER THE PNM DIVIDEND REINVESTMENT PLAN AND
1,253 SHARES OF PNM RESOURCES, INC. STOCK ACQUIRED THROUGH THE PNM RESOURCES,
INC. 401(K) PLAN. INFORMATION IN THIS REPORT
IS BASED ON A PLAN STATEMENT DATED
07/31/02.
(2) OPTIONS VEST IN THREE EQUAL INSTALLMENTS BEGINNING
02/18/03.