Michael J. Liebman - Dec 30, 2021 Form 4 Insider Report for Global Water Resources, Inc. (GWRS)

Role
CFO and Corporate Secretary
Signature
/s/ Shelley Kitts, attorney-in-fact
Stock symbol
GWRS
Transactions as of
Dec 30, 2021
Transactions value $
-$39,432
Form type
4
Date filed
1/4/2022, 05:12 PM
Previous filing
Dec 1, 2021
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRS Common Stock Options Exercise $0 +1.58K +2.05% $0.00 78.8K Dec 30, 2021 Direct F1
transaction GWRS Common Stock Options Exercise $0 +756 +0.96% $0.00 79.5K Dec 30, 2021 Direct F2
transaction GWRS Common Stock Disposed to Issuer -$39.4K -2.34K -2.94% $16.88 77.2K Dec 30, 2021 Direct F3

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 Restricted Stock Units Award $0 +15 +0.22% $0.00 6.69K Dec 30, 2021 Common Stock 15 Direct F1, F4, F5
transaction GWRS Restricted Stock Units Options Exercise $0 -756 -11.3% $0.00 5.93K Dec 30, 2021 Common Stock 756 Direct F1, F5, F6
transaction GWRS Phantom Stock Unit Options Exercise $0 -1.58K -41.25% $0.00 2.25K Dec 30, 2021 Common Stock 1.58K Direct F2, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
F2 Each phantom stock unit ("PSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
F3 The 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 December 30, 2021.
F4 The RSUs are fully vested upon grant and immediately exercisable. The RSUs do not have a set expiration date.
F5 The total includes prior grants that have different vesting and expiration dates, as previously reported by the reporting person.
F6 The RSUs are exercisable at time of vesting and do not have a set expiration date.
F7 The PSUs are exercisable at time of vesting and do not have a set expiration date.