Essential Utilities, Inc. — Director's Dealing 2003

Sep 9, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PHILADELPHIA SUBURBAN CORP (PSC)
CIK: 0000078128
Period of Report: 2003-09-05

Reporting Person: COULTER MORRISON (PRESIDENT, PSW)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-05	Common Stock	M	5700	$14.16	Acquired	27874	Direct
2003-09-05	Common Stock	S	5700	$24.05	Disposed	22174	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-05	Stock Options (Right to buy)	$14.16	M	5700	Disposed	2008-03-02	Common Stock (5700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK 401K	20533	Direct
COMMON STOCK 401K	5358	Indirect