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: Van Valer Robert A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-26	Common Stock	A	1155	—	Acquired	83224	Direct

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 79,412 shares of the issuer's common stock, 1,155 shares of the issuer's common stock underlying restricted stock units, and 2,657 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.