SEC Info - Ellsworth Joanne - ‘4’ for 9/30/22 re: Global Water Resources, Inc.

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ellsworth Joanne

(Last)

(First)

(Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 NORTH 19TH AVENUE, SUITE 205

(Street)

PHOENIX

85027

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Global Water Resources, Inc. [ GWRS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
9/30/22

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	9/30/22		M		136	A	$0 ⁽¹⁾	20,342	D
Common Stock	9/30/22		M		48	A	$0 ⁽²⁾	20,390	D
Common Stock	9/30/22		D		184	D	$12.29 ⁽³⁾	20,206	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	9/30/22		A		3		⁽⁴⁾	⁽⁴⁾	Common Stock	3	$0	1,117 ⁽⁵⁾	D
Restricted Stock Units	⁽¹⁾	9/30/22		M			136	⁽⁶⁾	⁽⁶⁾	Common Stock	136	$0	981 ⁽⁵⁾	D
Phantom Stock Unit	⁽²⁾	9/30/22		M			48	⁽⁷⁾	⁽⁷⁾	Common Stock	48	$0	32 ⁽⁵⁾	D

Explanation of Responses:

(1) Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").

(2) Each phantom stock unit ("PSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").

(3) 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.

(4) The RSUs are fully vested upon grant and immediately exercisable. The RSUs do not have a set expiration date.

(5) The total includes prior grants that have different vesting and expiration dates, as previously reported by the reporting person.

(6) The RSUs are exercisable at time of vesting and do not have a set expiration date.

(7) The PSUs are exercisable at time of vesting and do not have a set expiration date.

Remarks:

	/s/ Shelley Kitts, attorney-in-fact	10/5/22
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Codes:
A	Grant, award or other acquisition pursuant to Rule 16b-3(d).
D	Disposition to the Issuer of Issuer equity securities pursuant to Rule 16b-3(e).
M	Exercise or conversion of derivative security exempted pursuant to Rule 16b-3.

Ellsworth Joanne – ‘4’ for 9/30/22 re: Global Water Resources, Inc.

On: Tuesday, 10/4/22, at 10:05pm ET · For: 9/30/22 · As: Officer · Accession #: 1434728-22-328 · File #: 1-37756

Previous ‘4’: ‘4’ on 9/2/22 for 8/31/22 · Next: ‘4’ on 10/18/22 for 9/29/22 · Latest: ‘4’ on 4/1/24 for 3/28/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Ellsworth Joanne – ‘4’ for 9/30/22 re: Global Water Resources, Inc.

On: Tuesday, 10/4/22, at 10:05pm ET · For: 9/30/22 · As: Officer · Accession #: 1434728-22-328 · File #: 1-37756

Previous ‘4’: ‘4’ on 9/2/22 for 8/31/22 · Next: ‘4’ on 10/18/22 for 9/29/22 · Latest: ‘4’ on 4/1/24 for 3/28/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents