FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * COLLAWN PATRICIA K   2. Issuer Name and Ticker or Trading Symbol PNM RESOURCES INC [PNM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) CHAIRMAN, PRESIDENT AND CEO (Last) (First) (Middle) CORPORATE HEADQUARTERS, MS 1275 3. Date of Earliest Transaction (Month/Day/Year) 03/04/2016 (Street) ALBUQUERQUE, NM 87158-1275 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock (1) 03/04/2016   M   5,529 A (1) 274,132 D   Common Stock (2) 03/05/2016   F   2,591 D $ 32.89 (2) 271,541 D   Common Stock (1) 03/05/2016   M   4,832 A (1) 276,373 D   Common Stock (2) 03/05/2016   F   2,264 D $ 32.89 (2) 274,109 D   Common Stock (1) 03/06/2016   M   4,795 A (1) 278,904 D   Common Stock (2) 03/06/2016   F   2,247 D $ 32.89 (2) 276,657 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Rights	(3)	03/04/2016		M			5,529	(4)	(4)	Common Stock	5,529	$ 0	39,923	D
Restricted Stock Rights	(3)	03/05/2016		M			4,832	(4)	(4)	Common Stock	4,832	$ 0	35,091	D
Restricted Stock Rights	(3)	03/06/2016		M			4,795	(4)	(4)	Common Stock	4,795	$ 0	30,296	D
Phantom Stock Shares	(5)							(6)	(6)	Common Stock	73,481		73,481 (7)	I	PNM Common Stock Fund - PNM Resources Executive Savings Plan
Stock Options	(8)							(9)	(10)	Common Stock	184,000		184,000	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
COLLAWN PATRICIA K CORPORATE HEADQUARTERS MS 1275 ALBUQUERQUE, NM 87158-1275			CHAIRMAN, PRESIDENT AND CEO

Signatures

/s/ Laurie S. Monfiletto, POA for Patricia K. Collawn		03/08/2016
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Represents the portions of previous awards of restricted stock rights that vested effective as of March 4, March 5, and March 6, 2016.
(10)	The options expire 10 years from grant date.
(2)	Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the vesting of the restricted stock rights referenced in (1) above. The company utilizes a modified "share withholding" approach in connection with settling awards of restricted stock rights upon vesting, in which it (i) withholds (in cash) the amount required to satisfy the tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the company's common stock that can be acquired with the after-tax value of the vested restricted stock rights award at the prevailing market price. Only these "net shares" are delivered to the recipient of the award.
(3)	Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
(4)	The restricted stock units vest in three equal annual installments. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends).
(5)	The security converts to common stock on a one-for-one basis.
(6)	The phantom stock shares were acquired under the PNM Resources, Inc. Executive Savings Plan, and will settle upon the Reporting Person's retirement or other termination of service.
(7)	Total represents phantom stock shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan II as of February 29, 2016.
(8)	Based on the closing price on the date of the grant.
(9)	The options vest in three equal annual installments from grant date.

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