Global Water Resources, Inc. — Director's Dealing 2016

Aug 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Global Water Resources, Inc. (GWRS)
CIK: 0001434728
Period of Report: 2016-05-31

Reporting Person: Liebman Michael J (CFO and Corporate Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-30	Common Stock	M	2605	—	Acquired	9805	Direct
2016-06-30	Common Stock	D	2605	$8.07	Disposed	7200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-31	Phantom Stock Unit	$	A	57	Acquired		Common Stock (57)	Direct
2016-06-30	Phantom Stock Unit	$	A	48	Acquired		Common Stock (48)	Direct
2016-06-30	Phantom Stock Unit	$	M	2605	Disposed		Common Stock (2605)	Direct
2016-07-29	Phantom Stock Unit	$	A	47	Acquired		Common Stock (47)	Direct

Footnotes

F1: Each phantom stock unit ("PSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. (the "Company").

F2: The exercise price was determined by taking the weighted average closing share price of the Company's common stock of the five day period prior to June 30, 2016.

F3: The PSUs are fully vested upon grant and immediately exercisable. The PSUs do not have a set expiration date.

F4: The total includes prior grants of PSUs that have different vesting and expiration dates, as previously reported by the reporting person.

F5: The PSUs do not have a set expiration date.