H2O AMERICA — Director's Dealing 2018

Feb 27, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2018-02-26

Reporting Person: ROTH W RICHARD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-26	Common Stock	A	6639	—	Acquired	119835	Direct
2018-02-26	Common Stock	A	39834	—	Acquired	159669	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	115255	Indirect
Common Stock	18300	Indirect

Footnotes

F1: Represents 6,639 shares of common stock subject to Restricted Stock Units ("RSU") that vested upon the attainment of certain performance goal based on return on equity ("ROE") measured over the 2017 calendar year period and continued service by the reporting person through December 31, 2017.

F2: Includes 13,639 shares of common stock underlying RSUs that vested in accordance with their terms and 106,196 shares of the issuer's common stock underlying deferred restricted stock.

F3: Represents 39,834 shares of common stock subject to RSUs that vested upon the attainment of certain performance goal based on total shareholder return ("TSR") measured from August 4, 2014 until December 31, 2017 and continued service by the reporting person until December 31, 2017.

F4: Includes 53,473 shares of common stock underlying RSUs that vested in accordance with their terms and 106,196 shares of the issuer's common stock underlying deferred restricted stock.