5 1 jimforese1.htm Form 5 - Courtesy of e-Services, LLC - www.edgar2.net

Form 5

__  Check box if no longer subject to 
      Section 16. Form 4 or Form 5 obligations
      may continue. See Instruction 1(b).
__ Form 3 Holdings Reported
__ Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549


ANNUAL STATEMENT OF CHANGES BENEFICIAL OWNERSHIP

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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1.  Name and Address of Reporting Person*

Forese, James

2.  Issuer Name and Tickler or Trading Symbol

NUI Corporation-NUI

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

  x    Director                                        10% Owner
      Officer (give title below)               Other (specify below)

                               

(Last)         (First)        (Middle)

NUI Corporation

550 Route 202-206

3.  I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

4.  Statement for Month/Year

Fiscal Year Ended September 2002

(Street)

Bedminster, NJ 07921

5.  If Amendment, Date of Original
   (Month/Year)

7.  Individual or Joint/Group Reporting
            (check applicable line)
  x  Form Filed by One Reporting Person
      Form Filed by More than One Reporting Person

(City)                (State)            (Zip)

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 at the
    end of Issuer's
    Fiscal Year 
    (Instr. 3 and 4)

6.Ownership Form:
   Direct  (D) or
   Indirect (I)
    (Instr. 4)

7. Nature of Indirect
    Beneficial
    Ownership
    (Instr. 4)

Amount

(A) or (D)

Price

  Common Stock                   150   D  
                        
                           
                           
                           
                           
                           
                           

  

  

  

 

* If the form is filed by more than one reporting person, see instruction 4(b)(v).

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.Trans-
   action
   Date
   (Month/
   Day/
   Year)

3A.  Deemed
Execution
Date, if any
(Month/Day/Year)

4.Trans-
   action
   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 at End
   of Year
   (Instr. 4)

10.Ownership of
     Derivative
     Security: Direct
     (D) or Indirect (I)
     (Instr. 4)

11.Nature of
     Indirect
     Beneficial
     Ownership
     (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom Stock  (1)

 1 for 1

 (1)  

  

  J

 A

  

 (1)  

  (1) Common Stock 1,480 (2)

 (1)  

11,128  

D

  

Stock Option (right to buy)  

24.215  

 3/26/02  

  

  

  

  3/26/03

3/26/2012  

Common Stock  

 1,000

  

1,000  

 D

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

Explanation of Responses:

(1) Phantom stock units are issued to non-employee directors in payment for their annual Board and Committee chair retainers payable upon reporting persons' retirement.

(2) 1027 phantom stock units acquired in payment for annual chair retainer and 453 phantom stock units accrued during the fiscal year pursuant to the NUI Stock Option, Stock Award and Incentive Plan,  at prices ranging from $20.82 - $25.205.

         James Forese                                     
**Signature of Reporting Person

          11/15/02                                    
Date

**

Intentional misstatements or omissions of facts constitute Federal Criminal Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:

File three copies of this Form, one of which must be manually signed.  If space provided is insufficient, see Instruction 6 for procedure.