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 * YIP ANGELA   2. Issuer Name and Ticker or Trading Symbol SJW CORP [SJW] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) 374 W. SANTA CLARA STREET 3. Date of Earliest Transaction (Month/Day/Year) 12/29/2006 (Street) SAN JOSE, CA 95113 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 12/29/2006   A   1,548 (1) A $ 38.76 4,439 (2) D   Common Stock 01/02/2007   A   128 (3) (4) A $ 28.79 4,567 (5) D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
YIP ANGELA 374 W. SANTA CLARA STREET SAN JOSE, CA 95113			Chief Financial Officer

Signatures

/s/ Suzy Papazian Attorney-in-Fact for Angela Yip		01/03/2007
**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)	Represents 1,548 restricted stock units granted to the reporting person under the issuer?s Long-Term Incentive Plan. Each restricted stock unit will entitle the reporting person to receive one share of the issuer?s common stock when that unit vests. The units will vest in four successive annual installments upon the reporting person?s completion of each year of service with the issuer over the four-year period measured from the issue date of the units, subject to accelerated vesting under certain prescribed circumstances.
(2)	Includes 2,575 shares of Common Stock, 1,548 shares underlying the restricted stock units which are subject to this Form 4 and 316 shares of deferred stock which may be subject in whole or in part to vesting schedules tied to the reporting person?s continued service with the issuer and which will be distributed as actual shares of the issuer?s common stock either at the time of vesting or at a specified time thereafter (including termination of service with the issuer).
(3)	The securities represent deferred shares of the issuer?s common stock credited to the reporting person?s deferred compensation account pursuant to dividend equivalent rights. Those rights resulted initially in the addition of cash sums to the account equal to the dividends which would have been paid during the 2006 calendar year on the deferred stock credited to such account had that stock actually been issued and outstanding on each dividend payment date, and the accumulated sums were then converted into additional shares of deferred stock on the first business day of the following year based on the average of the closing selling prices of the issuer?s common stock on each of the dates during the 2006 calendar year on which actual dividends on the common stock were paid.
(4)	The resulting shares of deferred stock may be subject in whole or in part to vesting schedules tied to the reporting person?s continued service with the issuer and will be distributed as actual shares of the issuer?s common stock either at the time of vesting or at a specified time thereafter (including termination of service with the issuer).
(5)	Includes 2,575 shares of Common Stock, 1,548 shares underlying the restricted stock units which are subject to this Form 4 and 444 shares of deferred stock which may be subject in whole or in part to vesting schedules tied to the reporting person?s continued service with the issuer and which will be distributed as actual shares of the issuer?s common stock either at the time of vesting or at a specified time thereafter (including termination of service with the issuer).

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