NEW JERSEY RESOURCES CORP 4

4 · NEW JERSEY RESOURCES CORP · Filed Nov 17, 2016

Form 4

Period: 2016-11-15

President, Subsidiaries

Transactions

Exercise/Conversion
Common Stock
2016-11-15+3,053.871→ 30,643.721 total
Award
Common Stock
2016-11-15+1,742→ 30,801.721 total
Exercise/Conversion
Common Stock
2016-11-15+2,372.014→ 28,819.85 total
Tax Payment
Common Stock
2016-11-15$34.45/sh−1,230$42,374→ 27,589.85 total
Exercise/Conversion
Performance Shares
2016-11-15−2,544→ 0 total
Exp: 2016-09-30→ Common Stock (2,544 underlying)
Exercise/Conversion
Performance Shares
2016-11-15−1,856→ 0 total
Exp: 2016-09-30→ Common Stock (1,856 underlying)
Tax Payment
Common Stock
2016-11-15$34.45/sh−1,584$54,569→ 29,059.721 total

Footnotes (4)

[F1]Represents number of Performance Shares, which vested at 85% of the target amount (plus accrued dividends), after a 33-month period beginning on January 1, 2014, upon certification by the Leadership Development and Compensation Committee (LDCC) of the Board of Directors of New Jersey Resources Corporation (NJR) of NJR's performance versus the applicable performance goal. Performance Shares converted 1 for 1 into shares of NJR common stock. There is no purchase or sale price upon vesting of the Performance Shares.
[F2]Represents number of Performance Shares, which vested at 150% of the target amount (plus accrued dividends), after a 36-month period beginning on October 1, 2013, upon certification by the Leadership Development and Compensation Committee (LDCC) of the Board of Directors of New Jersey Resources Corporation (NJR) of NJR's performance versus the applicable performance goal. Performance Shares converted 1 for 1 into shares of NJR common stock. There is no purchase or sale price upon vesting of the Performance Shares.
[F3]Represents grant of deferred stock units under the New Jersey Resources Corporation (NJR) 2007 Stock Award and Incentive Plan. Each deferred stock unit vests on October 15, 2019 and represents a contingent right to receive one share of NJR common stock.
[F4]Total reflects a two for one stock split on March 3, 2015.

Documents

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