SEC Form 4 · accession 0000356309-18-000114
NEW JERSEY RESOURCES CORP · NJR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurence M Downes
Officer — Chairman & CEO · Director
Period of report
Oct 15, 2018
Accepted (ET)
Oct 17, 2018 · 7:16 pm EDT
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 | Oct 15, 2018 | M | 215 | $0.00 | A | 397,650 | D | |
| Common StockF2 | Oct 15, 2018 | F | 106 | $44.90 | D | 397,544 | 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 | — | Oct 15, 2018 | M | 180 | D | — | — | Common Stock | 180 | 4,029 | D |
Explanation of responses
- F1Represents 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. Includes accrual of dividends totaling 35 shares on the vested awards.
- F2Represents shares withheld to pay taxes related to monthly vesting of performance-based restricted stock due to executive's eligibility for retirement.