Orsen Melissa Form 4 SOUTH JERSEY INDUSTRIES / Melissa Orsen ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Orsen Melissa

(Last) (First) (Middle)

1 SOUTH JERSEY PLAZA

(Street)

FOLSOM NJ 08037

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SOUTH JERSEY INDUSTRIES INC [ SJI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/01/2021		M		895(1)	A	$0.00	2,706.3019(2)	D
Common Stock	01/01/2021		F		334(3)	D	$21.55	2,372.3019	D
Common Stock	01/01/2021		M		1,041(4)	A	$0.00	3,413.3019	D
Common Stock	01/01/2021		F		389(5)	D	$21.55	3,024.3019	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 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: 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
Restricted Stock Units	$0.00	01/01/2021		J		239.5043(6)		(6)	(6)	Common Stock	239.5043	$0.00	6,696.6162	D
Restricted Stock Units	$0.00	01/01/2021		M			895.5568(1)	(1)	(1)	Common Stock	895.5568	$0.00	5,801.0594	D
Restricted Stock Units	$0.00	01/01/2021		M			1,041.0129(4)	(4)	(4)	Common Stock	1,041.0129	$0.00	4,760.0465	D

Explanation of Responses:

1. Represents 2018 Annual RSU award granted pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. Subject to certain exceptions, approximately one-third of the RSU vested on March 1, 2019, one-third of the RSU vested on January 1, 2020 and one-third of the of the RSU vested on January 1, 2021, provided that the reporting person remains employed by the issuer.

2. Includes shares acquired through dividend reinvestment plan.

3. Represents shares withheld for taxes on the third tranche of the 2018 time-based RSUs that vested on January 1, 2021.

4. Represents 2019 Annual RSU award granted pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. Subject to certain exceptions, approximately one-third of the RSU vested on April 22, 2020, one-third of the RSU vested on January 1, 2021 and one-third of the of the RSU will vest on January 1, 2022, provided that the reporting person remains employed by the issuer.

5. Represents shares withheld for taxes on the second tranche of the 2019 time-based RSUs that vested on January 1, 2021.

6. Represents accrued Dividend Equivalent Shares (referred to as "DES" as defined in the Issuer's 2015 Omnibus Equity Compensation Plan) on the outstanding RSUs.

Remarks:

	/s /Lauren Hemple, Attorney-in-Fact	01/05/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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