Reaves Utility Income Fund (UTG) Form 4 REAVES UTILITY INCOME FUND / RONALD JAMES SORENSON ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

SORENSON RONALD JAMES

(Last) (First) (Middle)

C/O W. H. REAVES & CO., INC.

10 EXCHANGE PLACE, 18TH FLOOR

(Street)

JERSEY CITY NJ 07302

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
REAVES UTILITY INCOME FUND [ UTG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
Officer of Investment Advisor

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2017

4. If Amendment, Date of 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

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
Reaves Utility Income Fund	10/31/2017		J(1)		127.611	A	$30.8198	24,708.6535	D
Reaves Utility Income Fund	11/30/2017		J(1)		128.5652	A	$30.7501	24,837.2187	D
Reaves Utility Income Fund	12/29/2017		J(1)		128.4821	A	$30.93	24,965.7008	D
Reaves Utility Income Fund	01/16/2018		J(1)		130.2416	A	$30.6699	25,095.9424	D
Reaves Utility Income Fund	02/28/2018		J(1)		139.8102	A	$28.8803	25,235.7526	D
Reaves Utility Income Fund	03/29/2018		J(1)		145.5035	A	$27.7499	25,381.2561	D
Reaves Utility Income Fund	04/30/2018		J(1)		152.5746	A	$28.2801	25,533.8307	D
Reaves Utility Income Fund	05/31/2018		J(1)		153.8727	A	$28.2101	25,687.7034	D
Reaves Utility Income Fund	06/29/2018		J(1)		151.2612	A	$28.8699	25,838.9646	D
Reaves Utility Income Fund	07/31/2018		J(1)		146.4207	A	$29.9999	25,985.3853	D
Reaves Utility Income Fund	08/31/2018		J(1)		143.8928	A	$30.6961	26,129.2781	D
Reaves Utility Income Fund	09/28/2018		J(1)		145.5433	A	$30.5199	26,274.8214	D
Reaves Utility Income Fund	10/31/2018		J(1)		148.4453	A	$30.0901	26,423.2667	D
Reaves Utility Income Fund	11/30/2018		J(1)		145.8903	A	$30.7899	26,569.157	D
Reaves Utility Income Fund	12/31/2018		P		1,000	A	$29.4627	27,569.157	D

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 Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. Reaves Utility Income Fund cash dividend reinvestment

	Ronald James Sorenson	01/02/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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