SEC Form 4 · accession 0000356309-15-000087
NEW JERSEY RESOURCES CORP · NJR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mariellen Dugan
Officer — Sr. V.P. & General Counsel
Period of report
Nov 10, 2015
Accepted (ET)
Nov 13, 2015 · 6:23 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 | Nov 10, 2015 | M | 6,686 | $0.00 | A | 45,310 | D | |
| Common Stock | Nov 10, 2015 | F | 2,546 | $30.03 | D | 42,764 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF2 | — | Nov 10, 2015 | M | 5,572 | D | Nov 10, 2015 | Nov 10, 2015 | Common Stock | 5,572 | — | D |
Explanation of responses
- F1Total reflects a two for one stock split on March 3, 2015.
- F2Represents 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.
- F3Total includes an accrual of 723.817 shares of New Jersey Resources Corporation (NJR) Common Stock through the NJR Dividend Reinvestment Plan (DRP).