SEC Form 4 · accession 0000899243-16-019327

Global Water Resources, Inc. · GWRS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

May 3, 2016

Accepted (ET)

May 5, 2016 · 9:21 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 Stock^F1	May 3, 2016	A	32,500	—	A	32,500	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Deferred Phantom Unit^F2	—	May 3, 2016	A	14,984	A	—	—	Common Stock	14,984	14,984	D

F1On May 3, 2016, Global Water Resources, Inc. (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 32,500 shares of the Company's common stock for the 32,500 common shares of GWRC held by the reporting person prior to the consummation of the Merger.
F2The deferred phantom units ("DPUs") were originally granted at monthly and quarterly intervals from 2014 through the date of this report and became fully vested upon grant. The DPUs originally provided the reporting person the right to receive a cash payment, the value of which, on a particular date, was to be the market value of the equivalent number of GWRC common shares at that date. Upon consummation of the Merger, the DPUs were amended such that the value of the DPUs track the performance of the Company's common stock going forward. The DPUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company and do not have a set expiration date.