SEC Form 4 · accession 0000356309-15-000095
NEW JERSEY RESOURCES CORP · NJR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen D Westhoven
Officer — Senior V.P., Subsidiary
Period of report
Nov 10, 2015
Accepted (ET)
Nov 13, 2015 · 8:01 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 | 6,413 | $0.00 | A | 76,360 | D | |
| Common Stock | Nov 10, 2015 | F | 2,442 | $30.03 | D | 73,918 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1 | — | Nov 10, 2015 | M | 5,344 | D | Nov 10, 2015 | Nov 10, 2015 | Performance Shares | 5,344 | 0 | D |
Explanation of responses
- F1Represents 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.
- F2Total reflects a two for one stock split on March 3, 2015.
- F3Total includes accrued dividends of 694.195 shares of New Jersey Resources (NJR) Common Stock held in the NJR Dividend Reinvestment Plan (DRP).
- F4Total includes shares held in New Jersey Resources Corporation (NJR) ESOP Plan and 401-k Plan that are accounted for on a unitized basis that reflects a calculated value. Each includes reinvested dividends through the NJR Dividend Reinvestment Plan.