WATERS CORP /DE/ — Director's Dealing 2017

Dec 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WATERS CORP /DE/ (WAT)
CIK: 0001000697
Period of Report: 2017-12-13

Reporting Person: Kelly Terrence P (SVP, President TA Instruments)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-13	Common Stock	G	254	—	Disposed	5155	Direct
2017-12-13	Common Stock	M	6400	$87.06	Acquired	11555	Direct
2017-12-13	Common Stock	S	6400	$197.78	Disposed	5155	Direct
2017-12-13	Common Stock	M	4000	$98.21	Acquired	9155	Direct
2017-12-13	Common Stock	S	4000	$197.80	Disposed	5155	Direct
2017-12-13	Common Stock	M	5400	$113.36	Acquired	10555	Direct
2017-12-13	Common Stock	S	5400	$197.75	Disposed	5155	Direct
2017-12-13	Common Stock	M	5066	$128.93	Acquired	10221	Direct
2017-12-13	Common Stock	S	5066	$197.22	Disposed	5155	Direct
2017-12-13	Common Stock	M	4134	$139.51	Acquired	9289	Direct
2017-12-13	Common Stock	S	4134	$197.58	Disposed	5155	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-13	Stock Option (Right to Buy)	$87.06	M	6400	Disposed	2022-12-11	Common Stock (6400)	Direct
2017-12-13	Stock Option (Right to Buy)	$98.21	M	4000	Disposed	2023-12-06	Common Stock (4000)	Direct
2017-12-13	Stock Option (Right to Buy)	$113.36	M	5400	Disposed	2024-12-11	Common Stock (5400)	Direct
2017-12-13	Stock Option (Right to Buy)	$128.93	M	5066	Disposed	2025-12-09	Common Stock (5066)	Direct
2017-12-13	Stock Option (Right to Buy)	$139.51	M	4134	Disposed	2026-12-09	Common Stock (4134)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	160.6387	Indirect