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: Ellis Kathleen T (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-10	Common Stock	M	8191.20	—	Acquired	90025.504	Direct
2015-11-10	Common Stock	F	3119	—	Disposed	86906.504	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-10	Common Stock	$	M	6826	Disposed	2015-11-10	Performance Shares (6826.0)	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 an accrual of 886.711 shares of New Jersey Resources Corporation (NJR) Common Stock through the NJR Dividend Reinvestment Plan (DRP).

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