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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | $ 0 | 01/02/2017 | M | 265 (5) | (5) | (5) | Common Stock | 265 | $ 0 | 265 | D | ||||
Restricted Stock Units | $ 0 | 04/24/2017 | M | 265 (6) | (6) | (6) | Common Stock | 265 | $ 0 | 530 | D | ||||
Restricted Stock Units | $ 0 | 11/20/2017 | M | 1,531 (7) | (7) | (7) | Common Stock | 1,531 | $ 0 | 3,910 | D | ||||
Restricted Stock Units | $ 0 | 01/02/2018 | M | 2,245 (8) | (8) | (8) | Common Stock | 2,245 | $ 0 | 6,155 | D | ||||
Restricted Stock Units | $ 0 | 06/07/2018 | M | 1,021 (9) | (9) | (9) | Common Stock | 1,021 | $ 0 | 7,176 | D | ||||
Restricted Stock Units | $ 0 | 03/01/2019 | M | 775 (3) | (8) | (8) | Common Stock | 775 | $ 0 | 6,401 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Cocchi Steven R 1 SOUTH JERSEY PLAZA FOLSOM, NJ 08037 |
SVP & Chief Strategy Officer | Development Officer |
Steven Cocchi | 03/05/2019 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents shares withheld to cover taxes on the 2016 time-based restricted stock units vested on January 1, 2019 that was previously reported on a form 4 on January 4, 2019. |
(2) | Represents shares withheld to cover taxes on the 2017 time-based restricted stock units that vested on January 1, 2019 that was previously reported on a form 4 on January 4, 2019. |
(3) | Includes accrued Dividend Equivalent Shares (referred to as "DES", as defined in the Issuer's 2015 Omnibus Equity Compensation Plan) in the amount of 27.7631 shares on the first tranche of the 2018 grant of RSUs that vested on March 1, 2019. The DES were accrued from January 1, 2018 through December 27, 2018. |
(4) | Represents shares withheld for taxes on the 2018 time-based award that vested on March 1, 2019. |
(5) | The Reporting Person reported the vesting of 265 restricted stock units granted to the Reporting Person on January 1, 2017 in Table I on the Form 4 filed on March 2, 2018, which is approximately one-third of the 793 restricted stock units that were granted to the Reporting Person on January 1, 2017. Such restricted stock units vest equally over a three year period, with the first tranche of 264 restricted stock units having vested on March 1, 2018 and reported on a Form 4 on March 15, 2018, the second tranche of 264 having vested on January 1, 2019 and reported on a Form 4 on January 4, 2019 and the last tranche of 265 restricted stock units will vest on January 1, 2020. |
(6) | The Reporting Person reported the vesting of 265 restricted stock units granted to the Reporting Person on January 1, 2017 in Table I on the Form 4 filed on March 2, 2018, which is approximately one-third of the 793 restricted stock units that were granted to the Reporting Person on April 24, 2017. Such restricted stock units vest equally over a three year period, with the first tranche of 264 restricted stock units having vested on March 1, 2018 and reported on a Form 4 on March 15, 2018, the second tranche of 264 having vested on January 1, 2019 and reported on a Form 4 on January 4, 2019 and the last tranche of 265 restricted stock units will vest on January 1, 2020. |
(7) | Represents 2017 Special Recognition Retention Program units granted pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. Subject to certain exceptions, 1,531 RSUs shall vest on November 20, 2020, provided that the Reporting Person remains employed by the issuer. |
(8) | Represents 2018 Annual RSU award granted pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. Subject to certain exceptions, 748 RSUs shall vest on March 1, 2019, 748 RSUs shall vest on January 1, 2020 and 749 RSUs shall vest on January 1, 2021, provided that the reporting person remains employed by the issuer. |
(9) | Represents 2018 Special Recognition Retention Program RSU granted pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. The Reporting Person reported the vesting of 511 restricted stock units granted to the Reporting Person on June 7, 2018 in Table I of the Form 4 filed on June 11, 2018, which is approximately one-third of the 1,532 restricted stock units that were granted to the Reporting Person on June 7, 2018. Such restricted stock units vest over a three year period, with the first tranche of 511 restricted stock units having vested on June 7, 2018 and reported on a Form 4 filed on June 11, 2018 , the second tranche of 511 will vest on June 7, 2019 and the last tranche of 510 restricted stock units will vest on June 7, 2020, provided that the Reporting Person remains employed by the Issuer. |