SEC Form 4 · accession 0000356309-18-000122
NEW JERSEY RESOURCES CORP · NJR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn C Lockwood
Officer — Executive V.P.
Period of report
Oct 15, 2018
Accepted (ET)
Oct 17, 2018 · 7:52 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 | F | 9 | $44.10 | D | 195,790 | D | |
| Common StockF2 | Oct 15, 2018 | M | 7,125 | $0.00 | A | 202,915 | D | |
| Common StockF3,F4 | Oct 15, 2018 | F | 3,505 | $44.90 | D | 199,940 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF5 | — | Oct 15, 2018 | M | 6,660 | D | — | Oct 15, 2017 | Common Stock | 6,660 | 0 | D |
Explanation of responses
- F1Represents shares withheld to pay taxes related to monthly vesting of restricted stock due to executive's eligibility for retirement.
- F2Represents shares withheld to pay taxes related to deferred stock units vesting.
- F3Includes accrued dividends on the vested deferred stock units totaling 465 shares.
- F4Total includes an accrual of 65.094 shares through the New Jersey Resources Corporation (NJR) Dividend Reinvestment Plan.
- F5Each deferred stock unit represents a contingent right to receive one share of NJR common stock.