X0201 52003-09-300000001105192NUI CORP /NJ/ NUI0001179521FORESE JAMES J550 ROUTE 202-206BEDMINSTERNJ079211000Common Stock150.0000DPhantom Stock2003-12-165J0793.5900ACommon Stock13989.620013989.6200DStock Option (right to buy)24.21502003-03-262012-03-26Common Stock1000.00001000.0000DStock Option (right to buy)14.02502004-03-112013-03-11Common Stock1000.00001000.0000DPhantom stock units are issued to non-employee directors in payment for their annual Board and Committee Chair Retainers payable upon reporting persons' retirement.Conversion price is 1 for 1.Transaction dates for phantom accruals are 12/16/02, 3/14/03, 6/16/03 and 9/15/03.Phantom stock units accrued during the fiscal year pursuant to the NUI Corporation Stock Option, Stock Award and Incentive Plan, at prices ranging from $14.055-$17.12.James J. Forese2003-11-14