SJW CORP 4
4 · SJW CORP · Filed Jan 3, 2006
Insider Transaction Report
Form 4
SJW CORPSJW
DINAPOLI J PHILIP
Director
Transactions
- Award
Common Stock
2006-01-03$45.50/sh+593$26,982→ 14,243 total - Award
Common Stock
2006-01-03$45.65/sh+278$12,691→ 13,650 total
Holdings
- 300(indirect: By Trust)
Common Stock
Footnotes (4)
- [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 2005 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 the first business day of the following year based on the average of the closing selling prices of the issuer?s common stock on each of the dates during the 2005 calendar year on which actual dividends on the common stock were paid. The resulting shares of deferred stock 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 1,500 shares of Common Stock held under a Keogh Plan and 12,150 shares of deferred stock which may be subject in whole or in part to a vesting schedule tied to the reporting person?s continued service as a member of the issuer?s board of directors which will be distributed as actual shares of the issuer?s common stock following the reporting person?s cessation of such board service.
- [F3]The securities are attributable to the reporting person?s election to receive part of his non-employee director fees in the form of deferred shares of the issuer?s common stock. The deferred stock will vest incrementally over the reporting person?s period of board service during the 2006 calendar year, and the deferred stock which so vests will be distributed as actual shares of the issuer?s common stock following the reporting person?s cessation of board service.
- [F4]Includes 1,500 shares of Common Stock held under a Keogh Plan and 12,743 shares of deferred stock which may be subject in whole or in part to a vesting schedule tied to the reporting person?s continued service as a member of the issuer?s board of directors which will be distributed as actual shares of the issuer?s common stock following the reporting person?s cessation of such board service.