NEW JERSEY RESOURCES CORP — Director's Dealing 2014

Mar 20, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2014-03-19

Reporting Person: DUGAN MARIELLEN (Sr. V.P. & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-19	Common Stock	M	4500	$28.65	Acquired	16690.171	Direct
2014-03-19	Common Stock	S	4500	$48.871	Disposed	12233.481	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-19	Options (Right-to-Buy)	$28.65	M	4500	Disposed	2015-12-05	Common Stock (4500.0)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.85 to $48.92, inclusive. The reporting person undertakes to provide to New Jersey Resources Corporation (NJR), any security holder of NJR, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

F2: Total includes an accrual of 43.31 shares of NJR Common Stock through the NJR Dividend Reinvestment Plan (DRP).

F3: Price and number of options reflect change due to 3 for 2 stock split as of March 3, 2008.

F4: Options were exercisable 25% each year beginning on the first anniversary date of the grant, which was December 5, 2006.