SEC Form 4 · accession 0000356309-16-000273
NEW JERSEY RESOURCES CORP · NJR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen T Ellis
Officer — Executive Vice President
Period of report
Nov 15, 2016
Accepted (ET)
Nov 17, 2016 · 6:14 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 | Nov 15, 2016 | M | 3,897 | $0.00 | A | 92,647 | D | |
| Common Stock | Nov 15, 2016 | F | 2,021 | $34.45 | D | 90,626 | D | |
| Common StockF2 | Nov 15, 2016 | M | 5,022 | $0.00 | A | 95,647 | D | |
| Common Stock | Nov 15, 2016 | F | 2,604 | $34.55 | D | 93,043 | D | |
| Common StockF3 | Nov 15, 2016 | A | 3,170 | $0.00 | A | 96,213 | 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,F4 | — | Nov 15, 2016 | M | 4,180 | D | — | Sep 30, 2016 | Common Stock | 4,180 | 0 | D |
| Performance SharesF2,F4 | — | Nov 15, 2016 | M | 3,052 | D | — | Sep 30, 2016 | Common Stock | 3,052 | 0 | D |
Explanation of responses
- F1Represents number of Performance Shares, which vested at 85% of the target amount (plus accrued dividends), after a 33-month period beginning on January 1, 2014, upon certification by the Leadership Development and Compensation Committee (LDCC) of the Board of Directors of New Jersey Resources Corporation (NJR) of NJR's performance versus the applicable performance goal. 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.
- F2Represents number of Performance Shares, which vested at 150% of the target amount (plus accrued dividends), after a 36-month period beginning on October 1, 2013, upon certification by the Leadership Development and Compensation Committee (LDCC) of the Board of Directors of New Jersey Resources Corporation (NJR) of NJR's performance versus the applicable performance goal. 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.
- F3Represents grant of restricted stock units under the New Jersey Resources Corporation (NJR) 2007 Stock Award and Incentive Plan. Each restricted stock unit vests on October 15, 2019 and represents a contingent right to receive one share of NJR common stock.
- F4Total reflects 2 for 1 stock split on March 3, 2015