Essential Utilities, Inc. — Director's Dealing 2005

May 24, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AQUA AMERICA INC (WTR)
CIK: 0000078128
Period of Report: 2005-05-20

Reporting Person: STAHL ROY (EXECUTIVE VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-20	Common Stock	S	17362	$27.0058	Disposed	48945	Direct
2005-05-23	Common Stock	S	5138	$27.3879	Disposed	43807	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK 401K	16428	Direct
Restricted	5000	Direct

Footnotes

F1: Shares sold in conjunction with 10B-5 Plan