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

Oct 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Global Water Resources, Inc. (GWRS)
CIK: 0001434728
Period of Report: 2016-09-30

Reporting Person: Fleming Ronnie L (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-30	Common Stock	M	3456	—	Acquired	13252	Direct
2016-09-30	Common Stock	D	3456	$7.78	Disposed	9796	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-30	Phantom Stock Unit	$	A	72	Acquired		Common Stock (72)	Direct
2016-09-30	Phantom Stock Unit	$	M	3456	Disposed		Common Stock (3456)	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 September 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.