NEW JERSEY RESOURCES CORP 4

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

Form 4

Period: 2016-11-15

Senior V.P. & General Counsel

Transactions

Exercise/Conversion
Performance Shares
2016-11-15−3,518→ 3,518 total
Exp: 2016-09-30→ Common Stock (3,518 underlying)
Exercise/Conversion
Common Stock
2016-11-15+4,225.401→ 43,409.855 total
Award
Common Stock
2016-11-15+3,109→ 44,327.855 total
Tax Payment
Common Stock
2016-11-15−1,701→ 39,184.454 total
Tax Payment
Common Stock
2016-11-15−2,191→ 41,218.855 total
Exercise/Conversion
Common Stock
2016-11-15+3,280.168→ 40,885.454 total
Exercise/Conversion
Performance Shares
2016-11-15−2,568→ 0 total
Exp: 2016-09-30→ Common Stock (2,568 underlying)

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 restricted stock units under the New Jersey Resources Corporation (NJR) 2007 Stock Award and Incentive Plan. Each restricted stock unit vests on October 15, 2019 and represents a contingent right to receive one share of NJR common stock.
[F4]Total reflects 2 for 1 stock split on March 3, 2015.

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