NEW JERSEY RESOURCES CORP — Director's Dealing 2018

Jan 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2018-01-02

Reporting Person: Borkowski Maureen A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-02	Phantom Stock Units	$	A	2635	Acquired		Common Stock (2635.0)	Direct

Footnotes

F1: Each Phatom 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 NJR's Directors Deferred Compensation Plan and are to be paid in 5 equal annual payments in NJR Common Stock beginning in January of 2023 or, if earlier, when Ms. Borkowski ceases to be a Director.

F3: Total includes an accrual of 9.290 shares of NJR Common Stock through the NJR Dividend Reinvestment Plan.