H2O AMERICA — Director's Dealing 2014

May 1, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW CORP (SJW)
CIK: 0000766829
Period of Report: 2014-04-30

Reporting Person: ARMSTRONG KATHARINE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-30	Common Stock	A	1286	$0.00	Acquired	2667	Direct
2014-04-30	Common Stock	G	381	$0.00	Disposed	2286	Direct
2014-04-30	Common Stock	G	381	$0.00	Acquired	1381	Indirect

Footnotes

F1: Represents 1,286 restricted stock units granted to the reporting person under the Issuer's Long-Term Incentive Plan. Each restricted stock unit will entitle the reporting person to receive one share of the Issuer's common stock when that unit vests. The units will vest in full upon the reporting person's continuation in Board service through the day immediately preceding the date of the Issuer's 2015 annual shareholders meeting, subject to accelerated vesting under certain prescribed circumstances.

F2: Includes 1,667 shares of the Issuer's common stock underlying restricted stock units, and 1,000 shares of the Issuer's common stock held under an IRA account.

F3: Represents shares of the issuer's common stock issued in the name of Katharine Armstrong as Trustee for the Katharine Armstrong Love Exempt Trust U/A/D 6/30/2009 upon settlement of restricted stock units previously reported by the reporting person in Table I as directly owned.

F4: Includes 1,286 shares of the Issuer's common stock underlying restricted stock units, and 1,000 shares of the Issuer's common stock held under an IRA account.