SJW GROUP 4
4 · SJW GROUP · Filed Jan 3, 2017
Insider Transaction Report
Form 4
SJW GROUPSJW
Van Valer Robert A
Director
Transactions
- Award
Common Stock
2017-01-03$41.94/sh+50$2,097→ 82,069 total
Footnotes (2)
- [F1]The securities represent deferred shares of the issuer's common stock credited to the reporting person's deferred compensation account pursuant to dividend equivalent rights. Those rights resulted initially in the addition of cash sums to the account equal to the dividends which would have been paid during the 2016 calendar year on the deferred stock credited to such account had that stock actually been issued and outstanding on each dividend payment date, and the accumulated sums were then converted into additional shares of deferred stock on January 3, 2017 based on the average of the closing selling prices of the issuer's common stock on each of the dates during the 2016 calendar year on which actual dividends on the common stock were paid. The resulting shares will be distributed as actual shares of the issuer's common stock following the reporting person's cessation of service as a member of the issuer's board of directors.
- [F2]Includes 78,455 shares of the issuer's common stock, 957 shares of the issuer's common stock underlying restricted stock units, and 2,657 shares of deferred stock which will be distributed as actual shares of the issuer's common stock following the reporting person's cessation of board service.