SEC Form 4 · accession 0000356309-19-000040
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
Jan 31, 2019
Accepted (ET)
Feb 4, 2019 · 4:44 pm 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 |
|---|---|---|---|---|---|---|---|---|
| Performance SharesF1 | Jan 31, 2019 | M | 390 | $48.50 | A | 430,154 | D | |
| Common StockF2 | Jan 31, 2019 | F | 213 | $48.50 | D | 429,941 | 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, 2019 | M | 370 | D | — | — | Common Stock | 370 | 2,891 | D |
Explanation of responses
- F1Total reflects adjustment for accrued dividend equivalents payable upon vesting of Performance-Based Restricted Stock Units. Each Performance-Based Restricted Stock Unit and dividend equivalent converts into one share of New Jersey Resources Corporation (NJR) Common Stock upon vesting.
- F2Represents shares withheld to pay taxes related to monthly vesting of Performance-Based Restricted Stock Units.
- F3Represents pro-rata monthly vesting of Performance-Based Restricted Stock Units due to satisfaction of applicable goal and the eligibility of the executive for retirement. Each Performance-Based Restricted Stock Unit converts into one share of NJR Common Stock upon vesting.