NEW JERSEY RESOURCES CORP — Director's Dealing 2010

Nov 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2010-11-16

Reporting Person: DOWNES LAURENCE M (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-16	Common Stock	M	17816.706	—	Acquired	114236.429	Direct
2010-11-16	Common Stock	F	6946	$40.66	Disposed	107290.037	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-16	Performance Shares	$	M	12000	Disposed		Common Stock (12000)	Direct

Footnotes

F1: Represents number of Performance Shares which vested at 135% of the target amount, after a 33-month period beginning on January 1, 2008, upon certification by the Leadership Development and Compensation Committee of the Companys Board of Directors that the applicable performance goal was met. Performance Shares converted 1 for 1 into shares of Company common stock. There is no purchase or sales price upon vesting of the Performance Shares. Share amounts reflect an increase due to the 3-for-2 stock split as of 3-3-08. Total includes accrued dividends.

F2: Total includes shares held outright, shares held in the New Jersey Resources (NJR) ESOP Plan that are accounted for on a unitized basis and reflects calculated value, and shares purchased through the NJR Dividend Reinvestment Plan.