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: Lynch James Patrick (CFO/Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-28	Common Stock	A	1158	—	Acquired	25608	Direct
2020-02-28	Common Stock	F	398	$61.18	Disposed	25210	Direct

Footnotes

F1: Represents (i) 597 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) 561 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 3,773 shares of the issuer's common stock, 14,573 shares of common stock held by Mr. Lynch and his spouse in joint tenancy, 2,500 shares of the issuer's common stock held under a Roth IRA account, and 4,762 shares of the issuer's common stock underling restricted stock units that will vest and become issuable in accordance with their terms.

F3: Represents (i) 206 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) 192 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 4,533 shares of the issuer's common stock, 14,573 shares of common stock held by Mr. Lynch and his spouse in joint tenancy, 2,500 shares of the issuer's common stock held under a Roth IRA account, and 3,604 shares of the issuer's common stock underling restricted stock units that will vest and become issuable in accordance with their terms.