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NEW JERSEY RESOURCES CORP — Director's Dealing 2019
Mar 4, 2019
31045_dirs_2019-03-04_df6600a5-cb39-4413-ab51-5054f6d0f49b.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: 2019-02-28
Reporting Person: DOWNES LAURENCE M (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-02-28 | Common Stock | M | 357 | $48.40 | Acquired | 430297.969 | Direct |
| 2019-02-28 | Common Stock | F | 176 | $48.40 | Disposed | 430121.969 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-02-28 | Performance Shares | $ | M | 334 | Disposed | Common Stock (334.0) | Direct |
Footnotes
F1: Total reflects adjustment for accrued dividend equivalents payable upon vesting of Performance-Based Restricted Stock Units. Each Performance-Based Restricted Stock Unit and dividend equivalent converts into one share of New Jersey Resources Corporation (NJR) Common Stock upon vesting.
F2: Represents shares withheld to pay taxes related to monthly vesting of Performance-Based Restricted Stock Units.
F3: Represents pro-rata monthly vesting of Performance-Based Restricted Stock Units due to satisfaction of applicable goal and eligibility of the executive for retirement. Each Performance-Based Restricted Stock Unit converts into one share of NJR Common Stock upon vesting.