Michael J. Liebman - 30 Sep 2022 Form 4 Insider Report for Global Water Resources, Inc. (GWRS)

Role
CFO and Corporate Secretary
Signature
/s/ Shelley Kitts, attorney-in-fact
Issuer symbol
GWRS
Transactions as of
30 Sep 2022
Net transactions value
-$23,867
Form type
4
Filing time
04 Oct 2022, 21:42:06 UTC
Previous filing
02 Sep 2022
Next filing
02 Nov 2022
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 +1,321 +1.4% $0.000000 94,441 30 Sep 2022 Direct F1
transaction GWRS Common Stock Options Exercise $0 +621 +0.66% $0.000000 95,062 30 Sep 2022 Direct F2
transaction GWRS Common Stock Disposed to Issuer $23,867 -1,942 -2% $12.29 93,120 30 Sep 2022 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 +23 +0.23% $0.000000 10,030 30 Sep 2022 Common Stock 23 Direct F1, F4, F5
transaction GWRS Restricted Stock Units Options Exercise $0 -1,321 -13% $0.000000 8,709 30 Sep 2022 Common Stock 1,321 Direct F1, F5, F6
transaction GWRS Phantom Stock Unit Options Exercise $0 -621 -62% $0.000000 387 30 Sep 2022 Common Stock 621 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 September 30, 2022.
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.