Global Water Resources, Inc. — Director's Dealing 2017

Jul 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Global Water Resources, Inc. (GWRS)
CIK: 0001434728
Period of Report: 2017-06-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-30	Common Stock	M	3052	—	Acquired	10252	Direct
2017-06-30	Common Stock	D	3052	$9.93	Disposed	7200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-30	Phantom Stock Unit	$	A	43	Acquired		Common Stock (43.0)	Direct
2017-06-30	Phantom Stock Unit	$	M	3052	Disposed		Common Stock (3052.0)	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, 2017.

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.