SEC Form 4 · accession 0001562180-19-001705
SOUTH JERSEY INDUSTRIES INC · SJI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen A McEndy
Officer — SVP & Chief Administrative · Other
Period of report
Jan 1, 2017
Accepted (ET)
Mar 5, 2019 · 4:33 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 2, 2019 | F | 319 | $0.00 | D | 9,352 | D | |
| So.Jersey Ind., Inc. / Common StockF2 | Jan 2, 2019 | F | 434 | $0.00 | D | 8,918 | D | |
| So.Jersey Ind., Inc. / Common StockF3 | Mar 1, 2019 | M | 1,047 | $0.00 | A | 9,965 | D | |
| So.Jersey Ind., Inc. / Common Stock | Mar 1, 2019 | F | 278 | $0.00 | D | 9,687 | D | |
| So.Jersey Ind., Inc. / Common Stock | holding | — | — | — | 6,102 | I | 401k |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4 | $0.00 | Jan 1, 2017 | M | 909 | A | — | — | Common Stock | 909 | 909 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 1, 2018 | M | 3,029 | A | — | — | Common Stock | 3,029 | 3,938 | D |
| Restricted Stock UnitsF5 | $0.00 | Jun 7, 2018 | M | 1,021 | A | — | — | Common Stock | 1,021 | 4,959 | D |
| Restricted Stock UnitsF6 | $0.00 | Mar 1, 2019 | M | 1,047 | D | — | — | Common Stock | 1,047 | 3,912 | D |
Explanation of responses
- F1Represents 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.
- F2Represents 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.
- F3Represents 2018 Annual RSU award granted pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. Subject to certain exceptions, 1,010 RSUs shall vest on March 1, 2019, 1,010 RSUs shall vest on January 1, 2020 and 1,009 RSUs shall vest on January 1, 2021, provided that the reporting person remains employed by the issuer.
- F4The Reporting Person reported the vesting of 937 restricted stock units granted to the Reporting Person on January 1, 2017 in Table I on the Form 4 filed on March 2, 2018, which is approximately one-third of the 2,725 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 908 restricted stock units having vested on March 1, 2018 and reported on a Form 4 on March 2, 2018, the second tranche of 908 having vested on January 1, 2019 and reported on a Form 4 on January 4, 2019 and the last tranche of 909 restricted stock units will vest on January 1, 2020.
- F5Represents 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.
- F6Includes accrued Dividend Equivalent Shares (referred to as "DES", as defined in the Issuer's 2015 Omnibus Equity Compensation Plan) in the amount of 37.4876 shares on the first tranche of the 2018 grant of RSUs that vested on March 1, 2019. The DES were accrued from January 1, 2018 through December 27, 2018.