Essential Utilities, Inc. — Director's Dealing 2004

May 5, 2004

SEC Form 4/A — Form 4/A

Issuer: AQUA AMERICA INC (WTR)
CIK: 0000078128
Period of Report: 2004-05-03

Reporting Person: RIEGLER RICHARD (SR. VICE PRESIDENT-OPERATIONS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-03	Common Stock	M	4669	$9.39	Acquired	68610	Direct
2004-05-03	Common Stock	G	3000	$20.58	Disposed	67041	Direct
2004-05-03	Common Stock	J	3000	$20.58	Acquired	18303	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-03	Stock Options (Right to buy)	$9.39	M	4669	Disposed	2010-03-06	Common Stock (4669)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK 401K	8067	Direct

Footnotes

F1: Gifted shares to wife