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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * STAHL ROY   2. Issuer Name and Ticker or Trading Symbol AQUA AMERICA INC [WTR] 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 (Last) (First) (Middle) 762 W LANCASTER AVE. 3. Date of Earliest Transaction (Month/Day/Year) 08/13/2007 (Street) BRYN MAWR, PA 19010 4. If Amendment, Date 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 (City) (State) (Zip) 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) Code V Amount (A) or (D) Price Common Stock 08/13/2007 08/13/2007 M   4,364 A $ 8.22 56,629 D   Common Stock 08/13/2007 08/13/2007 M   5,636 A $ 8.4975 62,265 D   Common Stock 08/13/2007 08/13/2007 M   4,782 A $ 11.46 67,047 D   Common Stock 08/13/2007 08/13/2007 S   10,000 (1) D $ 23.9 57,047 D   Common Stock 08/13/2007 08/13/2007 S   4,782 (1) D $ 24 52,265 D   COMMON STOCK 401K               25,365.8 D   Restricted               10,000 D

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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options (Right to buy)

$ 8.22

08/13/2007

08/13/2007

M

4,364

03/01/2000

03/01/2009

Common Stock

4,364

$ 8.22

7,637

D

Stock Options (Right to buy)

$ 8.4975

08/13/2007

08/13/2007

M

5,636

03/02/1999

03/02/2008

Common Stock

5,636

$ 8.4975

0

D

Stock Options (Right to buy)

$ 11.46

08/13/2007

08/13/2007

M

4,782

03/06/2002

03/06/2011

Common Stock

4,782

$ 11.46

13,180

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
STAHL ROY 762 W LANCASTER AVE. BRYN MAWR, PA 19010			EXECUTIVE VICE PRESIDENT

Signatures

Brian Dingerdissen		08/14/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Shares sold in conjunction with 10b5-1 Plan

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