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	1431	$7.75	Acquired	63941	Direct
2004-05-03	Common Stock	M	1431	$7.75	Acquired	70041	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-03	Stock Options (Right to buy)	$7.75	M	1431	Disposed	2007-03-03	Common Stock (1431)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15303	Indirect
COMMON STOCK 401K	8067	Direct

Footnotes

F1: Exercise of Non-Qualified Stock Options