WATERS CORP /DE/ — Director's Dealing 2016

Aug 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WATERS CORP /DE/ (WAT)
CIK: 0001000697
Period of Report: 2016-07-29

Reporting Person: Rae Elizabeth B (Corporate VP of HR)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-29	Common Stock	M	24000	$87.06	Acquired	30815	Direct
2016-07-29	Common Stock	M	6000	$79.15	Acquired	36815	Direct
2016-07-29	Common Stock	S	24000	$158.56	Disposed	12815	Direct
2016-07-29	Common Stock	S	6000	$159.01	Disposed	6815	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-29	Stock Option (Right to Buy)	$87.06	M	24000	Disposed	2022-12-11	Common Stock (24000)	Direct
2016-07-29	Stock Option (Right to Buy)	$79.15	M	6000	Disposed	2021-12-07	Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3891.45	Indirect
Common Stock	2689.8549	Indirect