H2O AMERICA — Director's Dealing 2018

May 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2018-04-30

Reporting Person: Gere Andrew (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-30	Common Stock	F	57	$60.45	Disposed	16427	Direct

Footnotes

F1: Represents 57 shares of common stock of the issuer withheld by the issuer in satisfaction of the applicable withholding taxes on certain shares of common stock that became issuable on April 30, 2018 pursuant to the terms of the April 29, 2015 Restricted Stock Issuance Agreement between the reporting person and the issuer. The issuable shares were previously reported as Table I securities at the time the restricted stock units were granted, and accordingly the issuance of those shares is not a reportable transaction on this Form 4.

F2: Represents 13,239 shares of the issuer's common stock and 3,188 shares of the issuer's common stock underlying restricted stock units which will vest and become issuable in accordance with their terms.