NEW JERSEY RESOURCES CORP — Director's Dealing 2017

Jan 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2017-01-03

Reporting Person: HOWARD M WILLIAM JR (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-03	Phantom Stock Units	$	A	2849	Acquired		Common Stock (2849.0)	Direct

Footnotes

F1: Each Phantom Stock Unit is the economic equivalent of one (1) share of New Jersey Resources Corporation (NJR) Common Stock.

F2: The Phantom Stock Units represent director fees that are deferred pursuant to the NJR's Directors Deferred Compensation Plan and are to be paid in NJR Common stock in January 2022 in one lump sum.

F3: Total includes accrued dividends of 315.096 shares of NJR Common Stock through the NJR Dividend Reinvestment Plan.