Statement of Changes in Beneficial Ownership (4)
November 12 2020 - 4:43PM
Edgar (US Regulatory)
FORM 4
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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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3235-0287
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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)
11/9/2020 |
(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 | 11/9/2020 | | A | | 2999 (1) | A | $33.34 | 26211.386 | D | |
Common Stock | 11/9/2020 | | A | | 1835 (2) | A | $33.34 | 28046.386 | D | |
Common Stock | 11/9/2020 | | F | | 904 (3) | D | $33.34 | 27273.674 (4) | D | |
Common Stock | | | | | | | | 6438.684 | I | By NJR Employees' Retirement Savings Plan (5) |
Common Stock | | | | | | | | 7029.30 | I | By NJR Employee Stock Ownership Plan (ESOP) (5) |
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 grant of deferred retention stock units (DRSUs) under the New Jersey Resources Corporation (NJR) 2017 Stock Award and Incentive Plan. Each DRSU will vest on October 15, 2023 and each DRSU represents a contingent right to receive one share of NJR Common Stock. |
(2) | Represents number of performance share units, which vested at 114% of target (plus 158 dividend equivalents), after a 36-month period beginning on October 1, 2017, upon certification by the Leadership Development and Compensation Committee (LDCC) of NJR's performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting. |
(3) | Represents shares withheld to pay taxes due upon vesting of performance share units. |
(4) | Total includes 131.288 shares for accrued dividends on shares held by broker. |
(5) | Based on plan shares as of the end of the most recent fiscal quarter. |
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 | | 11/12/2020 |
**Signature of Reporting Person | Date |
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