H2O AMERICA — Director's Dealing 2017

Mar 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2017-02-28

Reporting Person: Walters Andrew F (Chief Administrative Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-28	Common Stock	A	1785	—	Acquired	10673	Direct
2017-02-28	Common Stock	F	670	$48.53	Disposed	10003	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100	Indirect

Footnotes

F1: Represents 1,785 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 2016 calendar year period and continued service by the reporting person through December 31, 2016.

F2: Includes 4,985 shares of the issuer's common stock and 5,688 shares of the issuer's common stock underlying restricted stock units.

F3: Represents 670 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: Includes 6,100 shares of the issuer's common stock and 3,903 shares of the issuer's common stock underlying restricted stock units.