H2O AMERICA — Director's Dealing 2018

Apr 26, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2018-04-25

Reporting Person: KING DOUGLAS R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-25	Common Stock	A	1055	—	Acquired	11504	Direct
2018-04-25	Common Stock	G	1155	—	Disposed	10349	Direct
2018-04-25	Common Stock	G	1155	—	Acquired	9448	Indirect

Footnotes

F1: Represents 1,055 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 2019 annual stockholders meeting, subject to accelerated vesting under certain prescribed circumstances.

F2: Includes 2,210 shares of the issuer's common stock underlying restricted stock units, and 9,294 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 1,055 shares of the issuer's common stock underlying restricted stock units, and 9,294 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.