NEW JERSEY RESOURCES CORP 4
4 · NEW JERSEY RESOURCES CORP · Filed Dec 18, 2014
Insider Transaction Report
Form 4
ZILAI DEBORAH G
V.P., Subsidiary
Transactions
- Award
Performance Shares
2014-12-18+500→ 500 total→ Common Stock (500 underlying) - Award
Deferred Stock Units
2014-12-18+2,985→ 2,985 total→ Common Stock (2,985 underlying) - Award
Common Stock
2014-12-18$58.62/sh+840$49,241→ 33,191.265 total - Award
Performance Shares
2014-12-18+420→ 420 total→ Common Stock (420 underlying)
Footnotes (5)
- [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 three equal installments on October 15, 2015, October 15, 2016 and October 15, 2017, subject to the continued employment of the reporting person by NJR, except under certain conditions.
- [F2]Each deferred stock unit represents a contingent right to receive one share of New Jersey Resources common stock.
- [F3]Deferred stock unit is payable subject to certain conditions on October 15, 2017.
- [F4]Represents performance shares granted pursuant to the NJR 2007 Stock Award and Incentive Plan. Performance shares will be vested and non-forfeitable upon certification by the Leadership Development and Compensation Committee that the applicable total shareholder return performance goal for the 36 month period ending September 30, 2017 has been met.
- [F5]Represents performance shares granted pursuant to the NJR 2007 Stock Award and Incentive Plan. Performance shares will be vested and non-forfeitable upon certification by the Leadership Development and Compensation Committee that the applicable net financial earnings performance goal for the 36 month period ending September 30, 2017 has been met.