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: Papazian Suzy (Gen. Counsel & Vice Pres.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-28	Common Stock	A	993	—	Acquired	8809	Direct
2020-02-28	Common Stock	F	337	$61.18	Disposed	8472	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7263	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) 472 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 4,988 shares of the issuer's common stock and 3,821 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) 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 2019 ROE RSUs reported in footnote 1 and (ii) 158 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 5,644 shares of the issuer's common stock and 2,828 shares of the issuer's common stock underlying RSUs which will vest and become issuable in accordance with their terms.