H2O AMERICA — Director's Dealing 2020

Mar 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2020-02-28

Reporting Person: Walters Andrew F (Chief Corp Development Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-28	Common Stock	A	1012	—	Acquired	15701	Direct
2020-02-28	Common Stock	F	359	$61.18	Disposed	15342	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100	Indirect

Footnotes

F1: Represents (i) 521 shares of common stock subject to the 2019 Restricted Stock Units ("RSU") that vested upon the attainment of a certain performance goal based on return on equity ("ROE") measured over the 2019 calendar year period and continued service by the reporting person through December 31, 2019 and (ii) 491 shares of common stock subject to the 2017 RSUs that vested upon the attainment of a certain performance goal based on earnings per share ("EPS") for the 2019 calendar year and continued service by the reporting person through December 31, 2019.

F2: Represents 11,890 shares of the issuer's common stock and 3,811 shares of the issuer's common stock underlying RSUs including the shares which vested per footnote 1 above and RSUs which will vest and become issuable in accordance with their terms.

F3: Represents (i) 180 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 2019 ROE RSUs reported in footnote 1 and (ii) 179 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 2017 EPS RSUs reported in footnote 1.

F4: Represents 12,543 shares of the issuer's common stock and 2,799 shares of the issuer's common stock underlying RSUs which will vest and become issuable in accordance with their terms.