Global Water Resources, Inc. — Director's Dealing 2021

Apr 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Global Water Resources, Inc. (GWRS)
CIK: 0001434728
Period of Report: 2021-03-31

Reporting Person: Ellsworth Joanne (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-31	Common Stock	M	55	—	Acquired	55	Direct
2021-03-31	Common Stock	M	111	—	Acquired	166	Direct
2021-03-31	Common Stock	D	166	$16.67	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-31	Restricted Stock Units	$	A	595	Acquired		Common Stock (595.0)	Direct
2021-03-31	Restricted Stock Units	$	A	3	Acquired		Common Stock (3.0)	Direct
2021-03-31	Restricted Stock Units	$	M	55	Disposed		Common Stock (55.0)	Direct
2021-03-31	Phantom Stock Unit	$	M	111	Disposed		Common Stock (111.0)	Direct

Footnotes

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

F2: Each phantom stock unit ("PSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").

F3: 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, 2021.

F4: The RSUs vest ratably over 12 quarters from the grant date. The RSUs do not have a set expiration date.

F5: Following the effective date of the 2020 Omnibus Incentive Plan, officers receive RSUs instead of PSUs. Accordingly, the reported numbers of RSUs and PSUs have been updated (and corrected from previous filings) to reflect the adoption of the 2020 Omnibus Incentive Plan.

F6: The total includes prior grants that have different vesting and expiration dates, as previously reported by the reporting person.

F7: The RSUs are fully vested upon grant and immediately exercisable. The RSUs do not have a set expiration date.

F8: The RSUs are exercisable at time of vesting and do not have a set expiration date.

F9: The PSUs are exercisable at time of vesting and do not have a set expiration date.