H2O AMERICA — Director's Dealing 2017

Apr 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2017-04-26

Reporting Person: KING DOUGLAS R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-26	Common Stock	A	1155	—	Acquired	11240	Direct
2017-04-26	Common Stock	G	957	—	Disposed	10283	Direct
2017-04-26	Common Stock	G	957	—	Acquired	8293	Indirect

Footnotes

F1: Represents 1,155 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 2018 annual stockholders meeting, subject to accelerated vesting under certain prescribed circumstances.

F2: Includes 2,112 shares of the issuer's common stock underlying restricted stock units, and 9,128 shares of deferred stock which will be distributed as actual shares of the issuer's common stock following the reporting person's cessation of board service.

F3: Represents shares of the issuer's common stock issued in the name of Douglas R. King and Melinda J. King as trustees of the King Family Trust dated June 06, 2005 upon settlement of restricted stock units as previously reported by the reporting person in Table I as directly owned.

F4: Includes 1,155 shares of the issuer's common stock underlying restricted stock units, and 9,128 shares of deferred stock which will be distributed as actual shares of the issuer's common stock following the reporting person's cessation of board service.