SEC Form 4 · accession 0000356309-18-000017
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
Jan 2, 2018
Accepted (ET)
Jan 3, 2018 · 7:29 pm EST
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 UnitsF3,F1,F2 | — | Jan 2, 2018 | A | 2,635 | A | — | — | Common Stock | 2,635 | 3,346 | D |
Explanation of responses
- F1Each Phatom 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 5 equal annual payments in NJR Common Stock beginning in January of 2023 or, if earlier, when Ms. Borkowski ceases to be a Director.
- F3Total includes an accrual of 9.290 shares of NJR Common Stock through the NJR Dividend Reinvestment Plan.