SEC Form 4 · accession 0000899243-16-019325
Global Water Resources, Inc. · GWRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William S Levine
Director · 10% Owner
Period of report
May 3, 2016
Accepted (ET)
May 5, 2016 · 9:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001434728
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | May 3, 2016 | P | 101,199 | $6.25 | A | 4,580,409 | I | By Levine Investments Limited Partnership |
| Common StockF4,F3 | May 3, 2016 | A | 1,600,000 | — | A | 6,180,409 | I | By Levine Investments Limited Partnership |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were purchased by the reporting person directly from the underwriter at the public offering price in connection with the initial public offering of the common stock of Global Water Resources, Inc. (the "Company").
- F2On April 28 2016, the Company effected a 100.68-for-1 forward stock split of its common stock. The number of shares reported has been adjusted to reflect the stock split.
- F3Shares are held by a limited partnership for which the reporting person serves as general partner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F4On May 3, 2016, the Company completed its merger (the "Merger") with GWR Global Water Resources Corp. ("GWRC") pursuant to which GWRC merged with and into the Company, with the Company surviving as a Delaware corporation. Holders of GWRC's common shares received one share of the Company's common stock for each then outstanding common share of GWRC. As a result, the reporting person received 1,600,000 shares of the Company's common stock for the 1,600,000 common shares of GWRC held by the reporting person prior to the consummation of the Merger.