SEC Form 4 · accession 0001562180-19-001708
SOUTH JERSEY INDUSTRIES INC · SJI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Melissa Orsen
Officer — SVP & Corporate Counsel
Period of report
Jan 1, 2018
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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2019 | M | 818 | $0.00 | A | 818 | D | |
| Common StockF2 | Mar 1, 2019 | M | 300 | $0.00 | D | 518 | 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 UnitsF3 | $0.00 | Jan 1, 2018 | M | 2,368 | A | — | — | Common Stock | 2,368 | 2,368 | D |
| Restricted Stock UnitsF1 | $0.00 | Mar 1, 2019 | M | 818 | D | — | — | Common Stock | 818 | 1,550 | D |
Explanation of responses
- F1Includes accrued Dividend Equivalent Shares (referred to as "DES", as defined in the Issuer's 2015 Omnibus Equity Compensation Plan) in the amount of 29.2848 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.
- F2Represents shares withheld for taxes on the 2018 time-based award that vested on March 1, 2019.
- F3Represents 2018 Annual RSU award granted pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. Subject to certain exceptions, 789 RSUs shall vest on March 1, 2019, 789 RSUs shall vest on January 1, 2020 and 790 RSUs shall vest on January 1, 2021, provided that the reporting person remains employed by the issuer.