SEC Form 4 · accession 0000899243-16-026152
Global Water Resources, Inc. · GWRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Liebman
Officer — CFO and Corporate Secretary
Period of report
May 31, 2016
Accepted (ET)
Aug 2, 2016 · 10:00 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 | Jun 30, 2016 | M | 2,605 | — | A | 9,805 | D | |
| Common StockF2 | Jun 30, 2016 | D | 2,605 | $8.07 | D | 7,200 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitF4,F1,F3 | — | May 31, 2016 | A | 57 | A | — | — | Common Stock | 57 | 20,684 | D |
| Phantom Stock UnitF4,F1,F3 | — | Jun 30, 2016 | A | 48 | A | — | — | Common Stock | 48 | 20,732 | D |
| Phantom Stock UnitF1,F4,F5 | — | Jun 30, 2016 | M | 2,605 | D | Jun 30, 2016 | — | Common Stock | 2,605 | 18,127 | D |
| Phantom Stock UnitF4,F1,F3 | — | Jul 29, 2016 | A | 47 | A | — | — | Common Stock | 47 | 18,174 | D |
Explanation of responses
- F1Each phantom stock unit ("PSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. (the "Company").
- F2The exercise price was determined by taking the weighted average closing share price of the Company's common stock of the five day period prior to June 30, 2016.
- F3The PSUs are fully vested upon grant and immediately exercisable. The PSUs do not have a set expiration date.
- F4The total includes prior grants of PSUs that have different vesting and expiration dates, as previously reported by the reporting person.
- F5The PSUs do not have a set expiration date.