Global Water Resources, Inc. — Director's Dealing 2020

Apr 1, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Global Water Resources, Inc. (GWRS)
CIK: 0001434728
Period of Report: 2020-03-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-31	Common Stock	M	4127	—	Acquired	21127	Direct
2020-03-31	Common Stock	D	4127	$10.11	Disposed	17000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-31	Phantom Stock Unit	$	A	11644	Acquired		Common Stock (11644.0)	Direct
2020-03-31	Phantom Stock Unit	$	A	70	Acquired		Common Stock (70.0)	Direct
2020-03-31	Phantom Stock Unit	$	M	4127	Disposed		Common Stock (4127.0)	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 March 31, 2020.

F3: The PSUs vest ratably over 12 quarters from the grant date. 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 are fully vested upon grant and immediately exercisable. The PSUs do not have a set expiration date.

F6: The PSUs are exercisable at time of vesting and do not have a set expiration date.