NEW JERSEY RESOURCES CORP 4
4 · NEW JERSEY RESOURCES CORP · Filed Jan 3, 2008
Insider Transaction Report
Form 4
KERR KATHLEEN F
VP, Mktg & Cust. Svcs of Sub.
Transactions
- Award
Performance Shares
2008-01-01$50.02/sh+1,950$97,539→ 1,950 totalExp: 2010-09-30→ Common Stock (1,950 underlying) - Award
Common Stock
2008-01-01$50.02/sh+1,950$97,539→ 4,786.044 total
Footnotes (3)
- [F1]Represents shares of restricted stock granted pursuant to the New Jersey Resources Corporation (NJR) 2007 Stock Award and Incentive Plan. Shares will vest in equal annual installments over three years beginning on the first anniversary of the date of the grant, which will be January 1, 2009, and subject to the continued employment of the reporting person by NJR, except under certain conditions.
- [F2]Total includes shares held in the NJR 401-K Plan that are accounted for on a unitized basis that reflects a calculated value, and shares purchased through the NJR Dividend Reinvestment Plan.
- [F3]Each performance share represents a contingent right to receive one share of NJR common stock. The performance shares will vest, in an amount ranging between 0 and 150 percent of the number of shares reported on this Form 4, at the end of a thirty-three month performance period ending on September 30, 2010, and become payable in November 2010, only in the event that the Leadership Development and Compensation Committee determines that certain performance objectives are met. If performance does not meet the minimum threshold level, no performance shares will vest.