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

May 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Global Water Resources, Inc. (GWRS)
CIK: 0001434728
Period of Report: 2017-05-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-24	Common Stock	M	25000	$1.59	Acquired	34796	Direct
2017-05-24	Common Stock	D	25000	$8.99	Disposed	9796	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-24	Stock Appreciation Right	$1.59	M	25000	Disposed	2023-06-30	Common Stock (25000.0)	Direct

Footnotes

F1: The reporting person was originally granted 92,500 of the stock appreciation rights on July 1, 2013, which vest ratably over 16 quarters from the grant date.