X0202 4/A 2006-12-15 2006-12-19 0001350593 Mueller Water Products, Inc. MWA 0001306321 HYLAND GREGORY E 1200 ABERNATHY ROAD ATLANTA GA 30328 1 1 0 0 Chairman, President and CEO Series A Common Stock 2006-12-15 4 A 0 188142 0 A 703261 D Stock Option (right to buy) 14.55 2006-12-15 4 A 0 113358 0 A 2016-12-15 Series A Common Stock 113358 201658 D Stock Option (right to buy) 20.56 2006-12-15 4 A 0 69611 0 A 2016-12-15 Series A Common Stock 69611 271269 D Securities are in the form of restricted stock units granted under the Mueller Water Products, Inc. 2006 Stock Incentive Plan to replace restricted stock units for Walter Industries, Inc. common stock held by the Reporting Person prior to the spin-off of Mueller Water Products by Walter Industries. The stock options, granted under the Mueller Water Products, Inc. 2006 Stock Incentive Plan, have vested or will vest as follows: options for 37,787 shares vested on September 16, 2006; the balance of these options will vest 1/2 on September 16, 2007 and 1/2 on September 16, 2008. The options were granted to replace options for Walter Industries, Inc. common stock held by the Reporting Person prior to the spin-off of Mueller Water Products by Walter Industries. The stock options, granted under the Mueller Water Products, Inc. 2006 Stock Incentive Plan, will vest in three (3) equal, annual installments on each of February 22, 2007, February 22, 2008 and February 22, 2009. The options were granted to replace options for Walter Industries, Inc. common stock held by the Reporting Person prior to the spin-off of Mueller Water Products by Walter Industries. MaryLiz A. Geffert, Attorney-In-Fact for Gregory E. Hyland 2006-12-20