David C. Tedesco - 12 May 2021 Form 4 Insider Report for Global Water Resources, Inc. (GWRS)

Role
Former Director
Signature
/s/ Joanne Ellsworth, attorney-in-fact
Issuer symbol
GWRS
Transactions as of
12 May 2021
Net transactions value
-$973,268
Form type
4
Filing time
14 May 2021, 21:24:51 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRS Common Stock Options Exercise $0 +51,579 +103% $0.000000 101,579 14 May 2021 Direct
transaction GWRS Common Stock Disposed to Issuer $868,590 -51,579 -51% $16.84 50,000 14 May 2021 Direct
transaction GWRS Common Stock Options Exercise $0 +6,216 +12% $0.000000 56,216 14 May 2021 Direct
transaction GWRS Common Stock Disposed to Issuer $104,677 -6,216 -11% $16.84 50,000 14 May 2021 Direct

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 GWRS Deferred Phantom Unit Options Exercise $0 -51,579 -100% $0.000000* 0 14 May 2021 Common Stock 51,579 Direct F1, F2, F3
transaction GWRS Restricted Stock Units Award $0 +728 +13% $0.000000 6,216 12 May 2021 Common Stock 728 Direct F4, F5
transaction GWRS Restricted Stock Units Options Exercise $0 -6,216 -100% $0.000000* 0 14 May 2021 Common Stock 6,216 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom stock unit ("PSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
F2 The reporting person ceased to be a director of the Company effective May 6, 2021.
F3 The DPUs are fully vested upon grant. In addition, 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.
F4 Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
F5 The RSUs are fully vested upon grant. In addition, the RSUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company. Redemption requirements are detailed withinthe Omnibus plans incorporated by reference within our latest filed 10-K.