Statement of Changes in Beneficial Ownership (4)
October 19 2020 - 1:53PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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LYNCH CRAIG A |
2. Issuer Name and Ticker or Trading Symbol
NEW JERSEY RESOURCES CORP
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NJR
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, Subsidiary |
(Last)
(First)
(Middle)
C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/15/2020 |
(Street)
WALL, NJ 07719
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 10/15/2020 | | F | | 530 (1) | D | $28.61 | 23801.459 (2) | D | |
Common Stock | 10/15/2020 | | F | | 468 (3) | D | $28.61 | 23392.459 (4) | D | |
Common Stock | 10/15/2020 | | F | | 526 (5) | D | $28.61 | 23212.386 (6) | D | |
Common Stock | | | | | | | | 6438.684 (7) | I | By NJR Employees' Retirement Savings Plan |
Common Stock | | | | | | | | 7029.30 (7) | I | By NJR Employee Stock Ownership Plan (ESOP) |
Common Stock | | | | | | | | 86.171 (8) | I | By Daughter |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Represents shares withheld to pay taxes due upon vesting of the third and final tranche of the Restricted Stock Unit (RSU) award previously granted on November 14, 2017. |
(2) | Total adjusted for 94 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of New Jersey Resources Corporation (NJR) Common Stock upon vesting. |
(3) | Represents shares withheld to pay taxes due upon vesting of the second tranche of the RSU award previously granted on November 13, 2018. The final tranche will vest on October 15, 2021. |
(4) | Total adjusted for 59 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting. |
(5) | Represents shares withheld to pay taxes due upon vesting of the first tranche of the RSU award previously granted on November 12, 2019. The second and third tranches will vest on October 15, 2021 and October 15, 2022, respectively. |
(6) | Total adjusted for 304.927 dividend shares accrued on NJR Common Stock held in the executive's brokerage account, and for 41 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting. |
(7) | Includes dividends accrued on shares and based on plan shares as of the most recent fiscal quarter. |
(8) | Includes dividends accrued on shares held in custodial account under the Uniform Gifts to Minors Act. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
LYNCH CRAIG A C/O NEW JERSEY RESOURCES CORPORATION 1415 WYCKOFF ROAD WALL, NJ 07719 |
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| SVP, Subsidiary |
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Signatures
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/s/ Richard Reich, as attorney-in-fact for Craig A. Lynch | | 10/19/2020 |
**Signature of Reporting Person | Date |
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