H2O AMERICA — Director's Dealing 2020

Dec 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2020-12-08

Reporting Person: WESTBROOK MAUREEN P (President of CTWS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-08	Common Stock	M	1039	—	Acquired	42994	Direct
2020-12-08	Common Stock	D	1039	$67.07	Disposed	41955	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-08	Cash Settled Restricted Stock Unit	$	A	1039	Acquired	2020-12-08	Common Stock (1039.0)	Direct

Footnotes

F1: Each Cash-Settled Restricted Stock Unit (CRSU) will vest and be settled on the third anniversary of the date of grant and each CRSU entitles the reporting person to a cash amount equal to the fair market value of one share of common stock on the vesting date. On December 8, 2020, such CRSUs vested and will be settled in cash in accordance with the terms of the CRSU agreement.

F2: Represents (i) 4,560 shares of the issuer's common stock, (ii) 13,309 shares subject to RSUs that will vest in three annual successive installments upon the completion of each year of the reporting person's service with the issuer for the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances, and (iii) 24,086 shares subject to DSUs that are vested and will be settled in accordance with an election previously made by the reporting person. Each RSU and DSU will entitle the reporting person to one share of common stock upon settlement.