Essential Utilities, Inc. — Director's Dealing 2005

May 26, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AQUA AMERICA INC (WTR)
CIK: 0000078128
Period of Report: 2005-05-25

Reporting Person: RUBIN ROBERT A (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-25	Common Stock	M	3000	$10.96	Acquired	21077	Direct
2005-05-25	Common Stock	S	2800	$27.23	Disposed	18277	Direct
2005-05-25	Common Stock	S	200	$27.28	Disposed	18077	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-25	Stock Options (Right to buy)	$10.96	M	3000	Disposed	2009-03-01	Common Stock (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK 401K	5222	Direct