SEC Form 4 · accession 0001562180-19-001694
SOUTH JERSEY INDUSTRIES INC · SJI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann T Anthony
Officer — VP & Treasurer
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 4:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000091928
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| So.Jersey Ind., Inc. / Common StockF1 | Jan 4, 2019 | F | 84 | $0.00 | D | 3,074 | D | |
| So.Jersey Ind., Inc. / Common StockF2 | Jan 4, 2019 | F | 61 | $0.00 | D | 3,013 | D | |
| So.Jersey Ind., Inc. / Common StockF3 | Mar 1, 2019 | M | 265 | $0.00 | A | 3,278 | D | |
| So.Jersey Ind., Inc. / Common StockF4 | Mar 1, 2019 | F | 87 | $0.00 | D | 3,191 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5 | $0.00 | Jan 2, 2017 | M | 170 | A | — | — | Common Stock | 170 | 170 | D |
| Restricted Stock UnitsF6 | $0.00 | Jan 2, 2018 | M | 768 | A | — | — | Common Stock | 768 | 938 | D |
| Restricted Stock UnitsF7 | $0.00 | Jun 7, 2018 | M | 1,021 | A | — | — | Common Stock | 1,021 | 1,959 | D |
| Restricted Stock UnitsF3 | $0.00 | Mar 1, 2019 | M | 265 | D | — | — | Common Stock | 265 | 1,694 | D |
Explanation of responses
- F1Represents shares withheld to cover taxes on the 2016 time-based restricted stock units that vested on January 1, 2019 that was previously reported on a form 4 on January 4, 2019.
- F2Represents shares withheld to cover taxes on the 2017 time-based restricted stock units that vested on January 1, 2019 that was previously reported on a form 4 on January 4, 2019.
- F3Includes accrued Dividend Equivalent Shares (referred to as "DES", as defined in the Issuer's 2015 Omnibus Equity Compensation Plan) in the amount of 9.5018 shares. The DES were accrued from January 1, 2018 through December 27, 2018.
- F4Represents shares withheld to cover taxes on the 2018 time-based restricted stock units that vested on March 1, 2019.
- F5The Reporting Person reported the vesting of 169 restricted stock units granted to the Reporting Person on January 1, 2017 in Table I of the Form 4 filed on March 2, 2018, which is approximately one-third of the 509 restricted stock units that were granted to the Reporting Person on January 1, 2017. Such restricted stock units vest equally over a three year period, with the first tranche of 169 restricted stock units having vested on March 1, 2018 and reported on a Form 4 filed on March 15, 2018, the second tranche of 169 restricted stock units having vested on January 1, 2019 and reported on a Form 4 filed on January 4, 2019 and the last tranche of 170 restricted stock units will vest on January 1, 2020.
- F6Represents 2018 Annual RSU award issued pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. Subject to certain exceptions, 256 RSUs shall vest on March 1, 2019, 256 RSUs shall vest on January 1, 2020 and 256 RSUs shall vest on January 1, 2021, provided that the reporting person remains employed by the issuer.
- F7Represents 2018 Special Recognition Retention Program RSU granted pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. The Reporting Person reported the vesting of 511 restricted stock units granted to the Reporting Person on June 7, 2018 in Table I of the Form 4 filed on June 11, 2018, which is approximately one-third of the 1,532 restricted stock units that were granted to the Reporting Person on June 7, 2018. Such restricted stock units vest over a three year period, with the first tranche of 511 restricted stock units having vested on June 7, 2018 and reported on a Form 4 filed on June 11, 2018 , the second tranche of 511 will vest on June 7, 2019 and the last tranche of 510 restricted stock units will vest on June 7, 2020, provided that the Reporting Person remains employed by the Issuer.