X0306 4 2016-08-31 0 0001434728 Global Water Resources, Inc. GWRS 0001673041 Liebman Michael J C/O GLOBAL WATER RESOURCES, INC. 21410 N 19TH AVENUE #220 PHOENIX AZ 85027 0 1 0 0 CFO and Corporate Secretary Phantom Stock Unit 2016-08-31 4 A 0 51 0.00 A Common Stock 51 18225 D Each phantom stock unit ("PSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. (the "Company"). The PSUs are fully vested upon grant and immediately exercisable. The PSUs do not have a set expiration date. The total includes prior grants of PSUs that have different vesting and expiration dates, as previously reported by the reporting person. /s/ Jeff Risenmay, attorney-in-fact 2016-09-02