Essential Utilities, Inc. — Director's Dealing 2005

Mar 3, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AQUA AMERICA INC (WTR)
CIK: 0000078128
Period of Report: 2005-02-28

Reporting Person: SMELTZER DAVID (SR. VICE PRESIDENT & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-28	Stock Options (Right to buy)	$24.445	A	15000	Acquired	2015-02-28	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	35787	Direct
COMMON STOCK 401K	9769	Direct

Footnotes

F1: 33% per year for 3 years.