Timothy P. Horne - May 21, 2021 Form 4 Insider Report for WATTS WATER TECHNOLOGIES INC (WTS)

Role: 10%+ Owner
Signature: /s/ Seth M. Kipp, Attorney-in-Fact
Stock symbol: WTS
Transactions as of: May 21, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/24/2021, 02:53 PM
Next filing: May 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WTS	Class A Common Stock	Conversion of derivative security	$0	+50K		$0.00	50K	May 21, 2021	By Revocable Trust	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WTS	Class B Common Stock	Conversion of derivative security	$0	-50K	-4.76%	$0.00	1M	May 21, 2021	Class A Common Stock	50K		By Revocable Trust	F1, F3, F4
holding	WTS	Class B Common Stock						5.02M	May 21, 2021	Class A Common Stock	5.02M		By Trust	F1, F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares of Class B Common Stock are convertible into shares of Class A Common Stock on a 1-for-1 basis.
F2	These shares are held in a revocable trust of which the Reporting Person is the sole trustee and the sole beneficiary.
F3	All shares of Class B Common Stock were convertible into Class A Common Stock upon issuance and do not have an expiration date.
F4	These shares of Class B Common Stock are held in a revocable trust of which the Reporting Person is the sole trustee and the sole beneficiary.
F5	Consists of the following shares of Class B Common Stock which are subject to The Amended and Restated George B. Horne Voting Trust Agreement - 1997 for which the Reporting Person serves as trustee: (i) 1,666,970 shares held in a trust for the benefit of Daniel W. Horne, (ii) 1,666,970 shares held in a trust for the benefit of Deborah Horne, (iii) 1,495,010 shares held in a trust for the benefit of Peter W. Horne, (iv) 22,600 shares held in a trust for the benefit of Tiffany Horne Noonan, (v) 113,924 shares held in a trust for the benefit of Tiffany Horne Noonan, (vi) 20,000 shares held in a trust for the benefit of Tara V. Horne, (vii) 20,000 shares held in a trust for the benefit of Tiffany Horne Noonan, (viii) 6,447 shares held in a trust for the benefit of Kiera R. Noonan, (ix) 6,447 shares held in a trust for the benefit of Tessa R. Noonan, and (x) 5,922 shares held in a trust for the benefit of Liv R. Noonan.