X0202 4 2008-02-19 0001108426 PNM RESOURCES INC PNM 0001083786 COLLAWN PATRICIA K ALVARADO SQUARE MS-2850 ALBUQUERQUE NM 87158 0 1 0 0 PRES UTILITIES Common Stock 2008-02-19 4 A 0 7875 A 31875 D Stock Options 13.17 2008-02-19 4 A 0 24000 13.17 A 2018-02-19 Common Stock 24000 28000 D Phantom Stock Shares Common Stock 12595 12595 I PNM Common Stock Fund - PNM Resources, Inc. Executive Savings Plan The restricted stock rights vest in three equal annual installments beginning on 02/19/09. Based on the closing price on the date of the grant. The options vest in three equal annual installments beginning on 02/19/09. The security converts to common stock on a one-for-one basis. The phantom stock shares were acquired under the PNM Resources, Inc. Executive Savings Plan, and will settled upon the Reporting Person's retirement or other termination of service. Total represents phantom stock shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan. Information is based on a plan statement dated 01/31/08. Official name change from Patricia K. Vincent to Patricia K. Collawn. All future filings will reflect her official name: Patricia K. Collawn. Patricia K. Collawn 2008-02-20