Essential Utilities, Inc. — Director's Dealing 2006

Feb 21, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AQUA AMERICA INC (WTR)
CIK: 0000078128
Period of Report: 2006-02-15

Reporting Person: DEBENEDICTIS NICHOLAS (Director, CHAIRMAN & PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-02	Common Stock	G	1690	$28.39	Disposed	570320	Direct
2006-02-15	Common Stock	M	41575	$13.755	Acquired	588120.549	Direct
2006-02-15	Common Stock	M	31110	$16.1475	Acquired	619230.549	Direct
2006-02-15	Common Stock	S	72685	$27.53	Disposed	546545.549	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-15	Stock Options (Right to buy)	$13.755	M	41575	Disposed	2013-05-15	Common Stock (41575)	Direct
2006-02-15	Stock Options (Right to buy)	$16.1475	M	31110	Disposed	2014-03-01	Common Stock (31110)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK - IRA	4444.145	Direct
COMMON STOCK 401K	11916.782	Direct
COMMON STOCK - IRA	2731.88	Indirect

Footnotes

F1: Shares sold in conjunction with 10b5-1 Plan