Essential Utilities, Inc. — Director's Dealing 2005

Feb 28, 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: DEBENEDICTIS NICHOLAS (Director, CHAIRMAN & PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-28	Common Stock	X	62953	$4.56	Acquired	464501	Direct
2005-02-28	Common Stock	X	12897	$4.56	Acquired	477398	Direct
2005-02-28	Common Stock	D	9800	$24.25	Disposed	467598	Direct
2005-02-28	Common Stock	D	53153	$24.253	Disposed	414445	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-28	Stock Options (Right to buy)	$4.56	M	62953	Disposed	2005-03-06	Common Stock (62953)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK - IRA	2455	Direct
COMMON STOCK 401K	8370	Direct
COMMON STOCK - IRA	1964	Indirect

Footnotes

F3: 4.56 value

F4: 4.56 value

F2: Adjustment to correct the Incorrect balance during data conversion.

F1: Adjustment to correct the Incorrect balance during data conversion.