PNM RES INC

Ticker: TXNM CUSIP: 69349H107 Class: EQTY

Parallax Volatility Advisers, L.P.'s Holding History (CIK: 0001521001)

Note: Option positions (PUT/CALL) are excluded.

Q1 2019

Shares 6,400 Value ($000) $303 Avg Close $43.73 Range $39.71 - $47.92

Q2 2018

Shares 15 Value ($000) $1 Avg Close $38.31 Range $34.95 - $40.73

Q1 2018

Shares 330 Value ($000) $13 Avg Close $36.63 Range $33.75 - $40.55

Q4 2017

Shares 16,130 Value ($000) $652 Avg Close $42.90 Range $39.75 - $46.00

Q1 2014

Shares 1,106 Value ($000) $30 Avg Close $25.30 Range $23.53 - $27.25

Q4 2013

Shares 465 Value ($000) $11 Avg Close $23.39 Range $22.02 - $24.53

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	6,400	$303	$43.73	$39.71 - $47.92
Q2 2018	15	$1	$38.31	$34.95 - $40.73
Q1 2018	330	$13	$36.63	$33.75 - $40.55
Q4 2017	16,130	$652	$42.90	$39.75 - $46.00
Q1 2014	1,106	$30	$25.30	$23.53 - $27.25
Q4 2013	465	$11	$23.39	$22.02 - $24.53