Essential Utilities, Inc. — Director's Dealing 2003

Dec 19, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHILADELPHIA SUBURBAN CORP (PSC)
CIK: 0000078128
Period of Report: 2003-12-18

Reporting Person: GLANTON RICHARD H (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-18	Phantom Stock	$0	A	370	Acquired	2013-12-18	Common Stock (370)	Direct
2003-12-18	Phantom Stock	$0	J	18	Acquired	2013-12-18	Common Stock (18)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8911	Direct

Footnotes

F1: 1 for 1

F2: Phantom stock units are settled in cash or stock payable upon termination of recipient

F3: Phantom Stock acquired through dividend reinvestment

F4: Total Phantom shares (4,137) owned reflects 5-for-4 stock split on December 1, 2003