NEW JERSEY RESOURCES CORP — Director's Dealing 2014

May 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2014-05-20

Reporting Person: ZILAI DEBORAH G (Vice President Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-20	Common Stock	M	3375	$30.37	Acquired	33834.642	Direct
2014-05-20	Common Stock	S	3375	$52.5427	Disposed	30459.642	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-20	Options (Right-to-Buy)	$30.37	M	3375	Disposed	2015-05-17	Common Stock (3375.0)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $52.48 to $52.61. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding number of shares and prices at which the transaction was effected.

F2: Total includes an accrual of 8.229 shares of New Jersey Resources (NJR) Common Stock through the NJR Dividend Reinvestment Plan.

F3: Options are exercisable 25% each year beginning the first anniversary date indicated here.