Mueller Water Products, Inc. — Director's Dealing 2012

Jan 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Mueller Water Products, Inc. (MWA)
CIK: 0001350593
Period of Report: 2012-01-25

Reporting Person: OBRIEN MARK J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-25	Common Stock	A	15456	—	Acquired	47378	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-25	Stock Option (Right to Buy)	$2.79	A	6965	Acquired	2022-01-25	Common Stock (6965)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Mueller Water Products, Inc. Common Stock when the restrictions lapse. The lapse occurs in three (3) equal, annual installments on each yearly anniversary of the grant date.

F2: The stock options will vest in three (3) equal, annual installments on the anniversary of the grant date.