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NEW JERSEY RESOURCES CORP — Director's Dealing 2016
Nov 18, 2016
31045_dirs_2016-11-17_611fbf51-e5a7-452a-9561-a2d3062924da.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: 2016-11-15
Reporting Person: DOWNES LAURENCE M (Director, Chairman, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-15 | Common Stock | F | 5179 | $34.45 | Disposed | 370794.653 | Direct |
| 2016-11-15 | Common Stock | M | 26912 | — | Acquired | 397706.653 | Direct |
| 2016-11-15 | Common Stock | F | 13955 | $34.35 | Disposed | 383751.653 | Direct |
| 2016-11-15 | Common Stock | M | 10179.063 | — | Disposed | 373572.59 | Direct |
| 2016-11-15 | Common Stock | M | 34671.959 | — | Acquired | 408244.549 | Direct |
| 2016-11-15 | Common Stock | F | 17978 | $34.45 | Disposed | 390266.549 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-15 | Performance Shares | $ | M | 28864 | Disposed | Common Stock (28864.0) | Direct | |
| 2016-11-15 | Performance Shares | $ | M | 21072 | Disposed | Common Stock (21072.0) | Direct |
Footnotes
F1: Represents number of Performance Shares, which vested at 85% of the target amount (plus accrued dividends), after a 33-month period beginning on January 1, 2014, upon certification by the Leadership Development and Compensation Committee (LDCC) of the Board of Directors of New Jersey Resources Corporation (NJR) of NJR's performance versus the applicable performance goal. 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: The shares of performance-based restricted stock previously reported and granted on 12/19/13 are forfeited due to the applicable performance goal for the fiscal year ending September 30, 2016, not being met.
F3: Represents number of Performance Shares, which vested at 150% of the target amount (plus accrued dividends), after a 36-month period beginning on October 1, 2013, upon certification by the Leadership Development and Compensation Committee (LDCC) of the Board of Directors of New Jersey Resources Corporation (NJR) of NJR's performance versus the applicable performance goal. 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.
F4: Total reflects a two for one stock split on March 3, 2015.