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NEW JERSEY RESOURCES CORP — Director's Dealing 2015
Dec 14, 2015
31045_dirs_2015-12-14_8c486c42-7ecd-4a1c-b88d-a06e09c368f9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2015-12-14
Reporting Person: Westhoven Stephen D (Senior V.P., Subsidiary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-14 | Common Stock | A | 1378 | — | Acquired | 75295.533 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-12-14 | Deferred Stock Units | $ | A | 22765 | Acquired | Common Stock (22765.0) | Direct | |
| 2015-12-14 | Performance Shares | $ | A | 2874 | Acquired | Common Stock (2874.0) | Direct | |
| 2015-12-14 | Performance Shares | $ | A | 2414 | Acquired | Common Stock (2414.0) | Direct |
Footnotes
F1: Represents shares of performance-based restricted stock granted pursuant to the New Jersey Resources Corporation (NJR) 2007 Stock Award and Incentive Plan. Shares will vest in three equal installments on October 15, 2016, October 15, 2017, and October 15, 2018, upon certification by the Leadership Development and Compensation Committee that the performance goal for the fiscal year ending on September 30, 2016 has been met.
F2: Each deferred stock unit represents a contingent right to receive one share of New Jersey Resources Corporation common stock.
F3: Deferred stock unit award is payable subject to certain conditions on October 15, 2018.
F4: Represents performance shares granted pursuant to the NJR 2007 Stock Award and Incentive Plan. Performance shares will become vested and non-forfeitable upon certification by the Leadership Development and Compensation Committee that the applicable performance goal for the 36 month period ending September 30, 2018 has been met.
F5: Represents performance shares granted pursuant to the NJR 2007 Stock Award and Incentive Plan. Performance shares will be vested and non-forfeitable upon certification by the Leadership Development and Compensation Committee that the applicable net financial earnings performance goal for the 36 month period ending September 30, 2018 has been met.