Frank L. Sims - Feb 1, 2023 Form 4 Insider Report for SOUTH JERSEY INDUSTRIES INC (SJI)

Role
Director
Signature
/s/ Lauren Hemple, as Attorney-in-Fact
Stock symbol
SJI
Transactions as of
Feb 1, 2023
Transactions value $
-$3,610,954
Form type
4
Date filed
2/1/2023, 03:19 PM
Previous filing
May 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJI Common Stock Disposed to Issuer -$125K -3.49K -100% $36.00 0 Feb 1, 2023 Direct F1, F2, F3
transaction SJI Common Stock Disposed to Issuer -$159 -4.41 -100% $36.00 0 Feb 1, 2023 Direct F1, F3
transaction SJI Common Stock Disposed to Issuer -$1.33M -36.8K -100% $36.00 0 Feb 1, 2023 Direct F1, F3
transaction SJI Common Stock Disposed to Issuer -$2.16M -60K -100% $36.00 0 Feb 1, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Frank L. Sims is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger, dated as of February 23, 2022, by and among the Issuer, NJ Boardwalk Holdings LLC, a Delaware limited liability company ("Parent"), Boardwalk Merger Sub, Inc., a New Jersey corporation and a wholly owned subsidiary of Parent, in exchange for cash consideration of $36.00 per share of common stock of the Issuer (the "Merger Consideration") on the effective date of the merger.
F2 Represents shares underlying restricted stock award which were converted into the right to receive cash in an amount equal to the number of shares of common stock of the Issuer multiplied by the Merger Consideration.
F3 Includes shares acquired through dividend reinvestment.