SEC Form 4 · accession 0000356309-17-000119
NEW JERSEY RESOURCES CORP · NJR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maureen A Borkowski
Director
Period of report
Sep 11, 2017
Accepted (ET)
Sep 13, 2017 · 6:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000356309
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitF1,F2 | — | Sep 11, 2017 | A | 702 | A | — | — | Common Stock | 702 | 702 | D |
Explanation of responses
- F1Each Phantom Stock Unit is the economic equivalent of one (1) share of New Jersey Resources Corporation (NJR) Common Stock.
- F2The Phantom Stock Units represent director fees that are deferred pursuant to NJR's Directors Deferred Compensation Plan and are to be paid in three annual installments beginning in January 2022, or, if earlier, when Ms. Borkowski ceases to be a Director.