NEW JERSEY RESOURCES CORP — Director's Dealing 2015

Nov 14, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2015-11-10

Reporting Person: Westhoven Stephen D (Senior V.P., Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-10	Common Stock	M	6412.80	—	Acquired	76359.533	Direct
2015-11-10	Common Stock	F	2442	$30.03	Disposed	73917.533	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-10	Performance Shares	$	M	5344	Disposed	2015-11-10	Performance Shares (5344.0)	Direct

Footnotes

F1: Represents number of shares, which vested at 120% of the target (plus accrued dividends) after a 33-month period beginning on January 1, 2013, upon certification by the Leadership Development and Compensation Committee of New Jersey Resources Corporation's (NJR) performance versus the applicable performance goals. Performance shares converted 1 for 1 into shares of NJR Common Stock. There is no purchase or sale price upon vesting of the Performance Shares.

F2: Total reflects a two for one stock split on March 3, 2015.

F3: Total includes accrued dividends of 694.195 shares of New Jersey Resources (NJR) Common Stock held in the NJR Dividend Reinvestment Plan (DRP).

F4: Total includes shares held in New Jersey Resources Corporation (NJR) ESOP Plan and 401-k Plan that are accounted for on a unitized basis that reflects a calculated value. Each includes reinvested dividends through the NJR Dividend Reinvestment Plan.