X0304 4 2012-01-25 0001350593 Mueller Water Products, Inc. MWA 0001504635 FRANKLIN SHIRLEY C. C/O MUELLER WATER PRODUCTS, INC. 1200 ABERNATHY RD., SUITE 1200 ATLANTA GA 30328 1 Common Stock 2012-01-25 4 A 0 15456 0 A 29844 D Stock Option (Right to Buy) 2.79 2012-01-25 4 A 0 6965 0 A 2022-01-25 Common Stock 6965 6965 D Each restricted stock unit represents a contingent right to receive one share of Mueller Water Products, Inc. Common Stock when the restrictions lapse. The lapse occurs in three (3) equal, annual installments on each yearly anniversary of the grant date. The stock options will vest in three (3) equal, annual installments on the anniversary of the grant date. Exhibit 24 - Power of Attorney /s/ Kevin Maxwell, attorney-in-fact 2012-01-27