SEC Form 4 · accession 0000356309-18-000051
NEW JERSEY RESOURCES CORP · NJR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurence M Downes
Officer — Chairman, President & CEO · Director
Period of report
Jan 31, 2018
Accepted (ET)
Feb 2, 2018 · 10:42 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,F2 | Jan 31, 2018 | F | 204 | $38.80 | D | 404,189 | D | |
| Common StockF3 | Jan 31, 2018 | A | 1,169 | $38.80 | A | 405,358 | D | |
| Common StockF1 | Jan 31, 2018 | F | 599 | $38.80 | D | 404,759 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF3 | — | Jan 31, 2018 | M | 1,169 | D | — | — | Common Stock | 1,169 | 13,291 | D |
Explanation of responses
- F1Represents shares withheld to pay taxes related to monthly vesting of performance-based restricted stock and performance-based restricted stock units due to executive's eligiblity for retirement.
- F2Total includes shares held outright, shares held in the New Jersey Resources Corporation (NJR) ESOP Plan that are accounted for on a unitized basis and reflects calculated value, and shares purchased through the NJR Dividend Reinvestment Plan.
- F3Represents pro-rata monthly vesting of performance-based restricted stock units, each of which converts into one share of New Jersey Resources Corporation (NJR) Common Stock, due to the satisfaction of the applicable performance goal and the eligibility of the executive for retirement.