SJW CORP 4
4 · SJW CORP · Filed Jan 2, 2008
Insider Transaction Report
Form 4
SJW CORPSJW
DINAPOLI J PHILIP
Director
Transactions
- Award
Common Stock
2008-01-02$34.30/sh+479$16,430→ 30,730 total
Holdings
- 600(indirect: By Trust)
Common Stock
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 2007 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 2, 2008 based on the average of the closing selling prices of the issuer's common stock on each of the dates during the 2007 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 3,000 shares of common stock under a Keogh Plan and 27,730 shares of deferred stock which will be distributed as actual shares of the issuer's common stock following the reporting person's cessation of such board service.