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NEW JERSEY RESOURCES CORP — Director's Dealing 2017
Nov 17, 2017
31045_dirs_2017-11-16_81270cb5-7f3c-47be-b192-64c0b8f94d9f.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: 2017-11-14
Reporting Person: Ellis Kathleen T (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-11-14 | Common Stock | M | 2460 | — | Acquired | 104244 | Direct |
| 2017-11-14 | Common Stock | F | 1276 | $45 | Disposed | 102968 | Direct |
| 2017-11-14 | Common Stock | M | 2267 | — | Acquired | 105235 | Direct |
| 2017-11-14 | Common Stock | F | 1176 | $45 | Disposed | 104059 | Direct |
| 2017-11-14 | Common Stock | A | 2222 | — | Acquired | 106281 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-11-14 | Performance Shares | $ | M | 2460 | Disposed | Common Stock (2460.0) | Direct | |
| 2017-11-14 | Performance Shares | $ | M | 2267 | Disposed | Common Stock (2267.0) | Direct |
Footnotes
F1: Represents number of Performance Shares, which vested at 108.44% of the target amount (plus accrued dividends), after a 36-month period beginning on October 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 119% of the target amount (plus accrued dividends), after a 36-month period beginning on October 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.
F3: Represents grant of deferred stock units under the New Jersey Resources Corporation (NJR) 2017 Stock Award and Incentive Plan. Each deferred stock unit vests on October 15, 2020 and represents a contingent right to receive one share of NJR common stock.
F4: Total includes accrued dividends of 393.349 shares.
F5: Total reflects 2 for 1 stock split on March 3, 2015.