SEC Form 4 · accession 0000356309-15-000085
NEW JERSEY RESOURCES CORP · NJR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurence M Downes
Officer — Chairman, President & CEO · Director
Period of report
Nov 10, 2015
Accepted (ET)
Nov 13, 2015 · 6:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000356309
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4 | Nov 10, 2015 | M | 9,897 | $0.00 | D | 342,691 | D | |
| Common Stock | Nov 10, 2015 | F | 4,378 | $30.03 | D | 338,313 | D | |
| Common StockF5,F6 | Nov 10, 2015 | M | 35,498 | $0.00 | A | 373,811 | D | |
| Common Stock | Nov 10, 2015 | F | 16,773 | $30.03 | D | 357,038 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Shares | $0.00 | Nov 10, 2015 | D | 9,264 | A | Nov 10, 2015 | Nov 10, 2015 | Performance Shares | 9,264 | 0 | D |
Explanation of responses
- F1The performance-based restricted shares previously reported and granted on 12/19/13 are forfeited due to the applicable performance goal for the fiscal year ending September 30, 2015, not being met.
- F2Total reflects a two for one stock split on March 3, 2015.
- F3Total includes shares held in the New Jersey Resources Corporation (NJR) Employee Stock Ownership Plan, which include reinvested dividends through the NJR Dividend Reinvestment Plan (DRP).
- F4Total includes an accrual of 280 shares of New Jersey Resources Corporation (NJR) Common Stock through the NJR Dividend Reinvestment Plan (DRP).
- F5Represents number of shares, which vested at 120% of the target (plus accrued dividends) after a 33-month period beginning on January 1, 2013, upon certification by the Leadership Development and Compensation Committee of New Jersey Resources Corporation's (NJR) performance versus the applicable performance goals. 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.
- F6Total includes an accrual of 5602.710 shares of New Jersey Resources Corporation (NJR) Common Stock through the NJR Dividend Reinvestment Plan (DRP).