NEW JERSEY RESOURCES CORP — Director's Dealing 2014

May 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2014-05-14

Reporting Person: Ellis Kathleen T (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-14	Common Stock	M	6000	$28.9934	Acquired	35347.522	Direct
2014-05-14	Common Stock	M	3375	$30.3667	Acquired	38722.522	Direct
2014-05-14	Common Stock	F	6778.308	$50.51	Disposed	32062.443	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-14	Options to Buy Stock	$28.9934	M	6000	Disposed	2014-12-16	Common Stock (6000.0)	Direct
2014-05-14	Options to Buy Stock	$30.3667	M	3375	Disposed	2015-05-18	Common Stock (3375.0)	Direct

Footnotes

F1: Shares held in the New Jersey Resources Corporation (NJR) ESOP and 401(k) Plans were previously accounted for on a unitized basis reflecting a calculated value. Effective April 11, 2014, these funds were converted to hold only shares of NJR Common Stock.

F2: Total includes accrual of NJR shares through Dividend Reinvestment Plan.

F3: Disposition of shares reflects net share settlement and payment of taxes in connection with exercise of options.

F4: Options are exercisable 25% each year beginning with first anniversary date indicated here.