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NEW JERSEY RESOURCES CORP — Director's Dealing 2016
Nov 18, 2016
31045_dirs_2016-11-17_3fef13f8-8d51-4918-ba9c-d4127f373649.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: DUGAN MARIELLEN (Sr. V.P., Subsidiary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-15 | Common Stock | M | 3280.168 | — | Acquired | 40885.454 | Direct |
| 2016-11-15 | Common Stock | F | 1701 | — | Disposed | 39184.454 | Direct |
| 2016-11-15 | Common Stock | M | 4225.401 | — | Acquired | 43409.855 | Direct |
| 2016-11-15 | Common Stock | F | 2191 | — | Disposed | 41218.855 | Direct |
| 2016-11-15 | Common Stock | A | 3109 | — | Acquired | 44327.855 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-15 | Performance Shares | $ | M | 3518 | Disposed | 2016-09-30 | Common Stock (3518.0) | Direct |
| 2016-11-15 | Performance Shares | $ | M | 2568 | Disposed | 2016-09-30 | Common Stock (2568.0) | 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: 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.
F3: Represents grant of restricted stock units under the New Jersey Resources Corporation (NJR) 2007 Stock Award and Incentive Plan. Each restricted stock unit vests on October 15, 2019 and represents a contingent right to receive one share of NJR common stock.
F4: Total reflects 2 for 1 stock split on March 3, 2015.