SEC Form 4 · accession 0001434728-17-000119
Global Water Resources, Inc. · GWRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronnie L Fleming
Officer — President and CEO · Director
Period of report
Sep 29, 2017
Accepted (ET)
Oct 3, 2017 · 5:41 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 | Sep 29, 2017 | M | 4,465 | — | A | 14,261 | D | |
| Common StockF2 | Sep 29, 2017 | D | 4,465 | $9.59 | D | 9,796 | 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 | — | Sep 29, 2017 | A | 62 | A | Sep 29, 2017 | — | Common Stock | 62 | 25,404 | D |
| Phantom Stock UnitF1,F4,F5 | — | Sep 29, 2017 | M | 4,465 | D | Sep 29, 2017 | — | Common Stock | 4,465 | 20,939 | 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 September 29, 2017.
- 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.