SEC Form 4 · accession 0000356309-15-000105
NEW JERSEY RESOURCES CORP · NJR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen T Ellis
Officer — Senior Vice President
Period of report
Dec 14, 2015
Accepted (ET)
Dec 14, 2015 · 10:03 am 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 | Dec 14, 2015 | A | 3,525 | $0.00 | A | 90,432 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF2,F3 | — | Dec 14, 2015 | A | 2,498 | A | — | — | Common Stock | 2,498 | 2,498 | D |
| Performance SharesF4 | — | Dec 14, 2015 | A | 2,098 | A | — | — | Common Stock | 2,098 | 2,098 | D |
| Performance SharesF5 | — | Dec 14, 2015 | A | 1,763 | A | — | — | Common Stock | 1,763 | 1,763 | D |
Explanation of responses
- F1Represents shares of restricted stock granted pursuant to the New Jersey Resources Corporation (NJR) 2007 Stock Award and Incentive Plan. Shares will vest in three equal installments on October 15, 2016, October 15, 2017, and October 15, 2018, subject to the continued employment of the reporting person by NJR, except under certain conditions.
- F2Each deferred stock unit represents a contingent right to receive one share of NJR common stock.
- F3Deferred stock unit award is payable subject to certain conditions on October 15, 2018.
- F4Represents performance shares granted pursuant to the NJR 2007 Stock Award and Incentive Plan. Performance shares will be vested and non-forfeitable upon certification by the Leadership Development and Compensation Committee that the applicable total shareholder return performance goal for the 36 month period ending September 30, 2018 has been met.
- F5Represents performance shares granted pursuant to the NJR 2007 Stock Award and Incentive Plan. Performance shares will be vested and non-forfeitable upon certification by the Leadership Development and Compensation Committee that the applicable net financial earnings performance goal for the 36 month period ending September 30, 2018 has been met.