H2O AMERICA — Director's Dealing 2016

Mar 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW CORP (SJW)
CIK: 0000766829
Period of Report: 2016-02-29

Reporting Person: Lynch James Patrick (CFO/Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-29	Common Stock	A	1794	$0.00	Acquired	21804	Direct
2016-02-29	Common Stock	F	674	$36.26	Disposed	21130	Direct

Footnotes

F1: Represents 1,794 shares of common stock that became issuable pursuant to the vesting of Restricted Stock Units ("RSU") upon the attainment of certain performance goal based on return on equity ("ROE") measured over the 2015 calendar year period and continued service by the reporting person through December 31, 2015.

F2: Represents 13,132 shares of the issuer's common stock, 2,500 shares of the issuer's common stock held under a Roth IRA account, and 6,172 shares of the issuer's common stock underlying restricted stock units.

F3: Represents 674 shares of common stock withheld by the issuer in satisfaction of the applicable withholding taxes on shares of common stock that became issuable pursuant to the vesting of the ROE RSU reported herein.

F4: Represents 12,458 shares of the issuer's common stock, 2,500 shares of the issuer's common stock held under a Roth IRA account, and 6,172 shares of the issuer's common stock underlying restricted stock units.