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NEW JERSEY RESOURCES CORP — Director's Dealing 2016
Jan 6, 2016
31045_dirs_2016-01-06_613d3f9d-c32d-46bb-9f07-14352a8dedee.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2016-01-06
Reporting Person: Migliaccio Patrick J. (Senior VP and CFO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 13159.215 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Shares | $ | Common Stock (2256.0) | Direct | ||
| Performance Shares | $ | Common Stock (1646.0) | Direct | ||
| Deferred Stock Units | $ | Common Stock (8530.0) | Direct | ||
| Performance Shares | $ | Common Stock (960.0) | Direct | ||
| Performance Shares | $ | Common Stock (806.0) | Direct | ||
| Performance Shares | $ | Common Stock (2478.0) | Direct | ||
| Performance Shares | $ | Common Stock (2081.0) | Direct |
Footnotes
F1: Represents performance shares granted pursuant to the New Jersey Resources Corporation (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 total shareholder return performance goal for the 33 month period ending September 30, 2016 has been met.
F2: No consideration was paid for the performance shares and the deferred stock units.
F3: 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, 2016 has been met.
F4: Each deferred stock unit represents a contingent right to receive one share of NJR common stock.
F5: Deferred stock unit award is payable subject to certain conditions on October 15, 2017.
F6: 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 total shareholder return performance goal for the 36 month period ending September 30, 2017 has been met.
F7: 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, 2017 have been met.
F8: 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 total shareholder return performance goal for the 36 month period ending September 30, 2018 has been met.
F9: 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.