UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
KELTON, RICHARD
BOLLENBACHER & KELTON
2716 Ocean Park Boulevard
Suite 3006
Santa Monica, CA 90405-5207
2. Issuer Name and Ticker or Trading Symbol
SOUTHWEST WATER COMPANY
SWWC
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
May 31, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $0.01 par val| | | | | | |43,902 |D | |
ue | | | | | | | | | |
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Common Stock, $0.01 par val| | | | | | |17,325 |I |/1 |
ue | | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option (Right to|$6.25 |03/11|A | |3,099 |A |/2 |03/12|Common Stock|3,099 | | |D | |
Buy) | |/91 | | | | | |/01 | | | | | | |
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Stock Option (Right to|$3.93 |03/28|A | |1,486 |A |/3 |03/29|Common Stock|1,486 | | |D | |
Buy) | |/94 | | | | | |/04 | | | | | | |
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Stock Option (Right to|$6.35 |05/22|A | |2,362 |A |/4 |05/22|Common Stock|2,362 | |2,362 |D | |
Buy) | |/97 | | | | | |/07 | | | | | | |
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Stock Option (Right to|$8.60 |05/28|A | |2,362 |A |/5 |05/29|Common Stock|1,486 | |1,486 |D | |
Buy) | |/98 | | | | | |/08 | | | | | | |
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Stock Option (Right to|$10.00 |05/27|A | |2,362 |A |/6 |05/28|Common Stock|2,362 | |2,362 |D | |
Buy) | |/99 | | | | | |/09 | | | | | | |
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Stock Option (Right to|$12.50 |05/23|A | |5,000 |A |/7 |05/24|Common Stock|5,000 | |5,000 |D | |
Buy) | |/00 | | | | | |/07 | | | | | | |
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</TABLE>
Explanation of Responses:
/1, /2, /3, /4, /5, /6 and 7 Adjusted for stock dividends/splits on 01/02/96,
01/02/97, 01/02/98, 10/20/98 and 10/20/99.
/1 Owned by The Kelton Foundation, a charitable corporation. Mr. Kelton
disclaims any beneficial (pecuniary) interest in these shares. As President of
The Kelton Foundation, Mr. Kelton possesses sole voting control of these
shares.
/2 Exercisable @ 1/5 a year beginning 03/11/92. /3 Exercisable @ 1/5 a year
beginning 03/28/95.
/4 Granted under SWWC's Stock Option Plan for Non-Employee Directors.
Exercisable @ 1/2 a year beginning 05/22/98. /5 Granted under SWWC's
Stock Option Plan for Non-Employee Directors. Exercisable @ 1/2 a year
beginning 05/28/99. /6 Granted under SWWC's Stock Option Plan for
Non-Employee Directors. Exercisable @ 1/2 a year beginning 05/27/00. /7
Granted under SWWC's Amended & Restated Stock Option Plan for
Non-Employee Directors. Exercisable @ 1/2 a year beginning
05/24/01.
SIGNATURE OF REPORTING PERSON
/s/ Richard Kelton
DATE
May 31, 2000
