<SEC-DOCUMENT>0001292814-17-001718.txt : 20170707
<SEC-HEADER>0001292814-17-001718.hdr.sgml : 20170707
<ACCEPTANCE-DATETIME>20170706205402
ACCESSION NUMBER:		0001292814-17-001718
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170930
FILED AS OF DATE:		20170707
DATE AS OF CHANGE:		20170706

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
		CENTRAL INDEX KEY:			0001170858
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31317
		FILM NUMBER:		17953714

	BUSINESS ADDRESS:	
		STREET 1:		RUA COSTA CARVALHO, 300
		STREET 2:		SAO PAULO
		CITY:			SP
		STATE:			D5
		ZIP:			05429-900
		BUSINESS PHONE:		011-55-11-3388-8000

	MAIL ADDRESS:	
		STREET 1:		RUA COSTA CARVALHO, 300
		STREET 2:		SAO PAULO
		CITY:			SP
		STATE:			D5
		ZIP:			05429-900
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>sbs20170622_6k.htm
<DESCRIPTION>EXCERPT OF THE MINUTES OF THE EIGHT HUNDRED FORTIETH MEETING OF THE BOARD OF DIRECTORS
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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Washington, DC 20549 </B></FONT></DIV>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>FORM 6-K</B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>REPORT OF FOREIGN ISSUER</B><BR><B>PURSUANT TO RULE 13a-16 OR 15d-16 OF THE</B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>SECURITIES EXCHANGE ACT OF 1934</B></FONT></DIV>

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<DIV><FONT color=#000000 size=2 face="Times New Roman"><B>For June 22, 2017</B></FONT></DIV><FONT color=#000000 size=2 face="Times New Roman"><B>(Commission File No. 1-31317) </B></FONT></DIV>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman"><I>(Exact name of registrant as specified in its charter) </I></FONT></DIV>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Basic Sanitation Company of the State of Sao Paulo - SABESP </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman"><I>(Translation of Registrant's name into English) </I></FONT></DIV>

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<DIV align=center><FONT color=#000000 size=2 face="Times New Roman"><B>Rua Costa Carvalho, 300 <BR>S&#227;o Paulo, S.P., 05429-900 <BR>Federative Republic of Brazil </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman"><I>(Address of Registrant's principal executive offices) </I></FONT></DIV><BR>

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<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">Indicate by check mark whether the registrant files or will file <BR>annual reports under cover Form 20-F or Form 40-F. <BR><BR>Form 20-F ___X___ Form 40-F ______</FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K <BR>in paper as permitted by Regulation S-T Rule 101(b)(1)__.</FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K <BR>in paper as permitted by Regulation S-T Rule 101(b)(7)__.</FONT></DIV>

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<P align=center><FONT size=2 face="'Times New Roman, Times, Serif'">Indicate by check mark whether the registrant by furnishing the <BR>information contained in this Form is also thereby furnishing the <BR>information to the Commission pursuant to Rule 12g3-2(b) under <BR>the Securities Exchange Act of 1934. <BR><BR>Yes ______ No ___X___</FONT></P>

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<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">If "Yes" is marked, indicated below the file number assigned to the<BR>registrant in connection with Rule 12g3-2(b):</FONT> </DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Corporate Taxpayer&#8217;s ID (CNPJ): 43.776.517/0001-80</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Company Registry (NIRE): 35.3000.1683-1</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%" align=center><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>EXCERPT OF THE MINUTES OF THE EIGHT HUNDRED FORTIETH MEETING OF </FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%" align=center><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>THE BOARD OF DIRECTORS</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>On June 14, 2017, at 4:00 p.m., as convened by the Chairman of the Board of Directors, Benedito Pinto Ferreira Braga Junior, on an extraordinary basis, as provided for in paragraph 4 of Article 12 of the Bylaws, the members of the Board of Directors of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo &#8211; SABESP, as named and signed below, met and resolved, via email, on the following agenda: </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>&#8220;Changes to the Conditions Applicable to Sabesp&#8217;s 21st Issue of Debentures&#8221;</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>, </FONT></FONT><FONT style="LINE-HEIGHT: 150%" color=black face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>based on Board Resolution No. 0147/2017 of June 14, 2017, Internal Communication FI No. 026/2017, of June 13, 2017, and in the power point presentation, documents filed in the electronic folder of this meeting, which was </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>unanimously approved, </FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>in compliance with paragraph 1 of Article 59 of Law No. 6404, of December 15, 1976, as amended (&#8220;Brazilian Corporate Law&#8221;), and in accordance with items X and XIII of Article 13 of the Bylaws, </FONT></FONT><FONT style="LINE-HEIGHT: 150%" color=black face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>the changes in the conditions applicable to Sabesp&#8217;s 21st issue of simple debentures</FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>, of simple unsecured non-convertible debentures, in up to 2 (two) series, for public offering, with restricted placement efforts, pursuant to CVM Instruction 476, of January 16, 2009, as amended (&#8220;Debentures&#8221;), which were approved at the Eight Hundred Thirty-Ninth Meeting of the Company's Board of Directors (&#8220;839<SUP>th</SUP> BDM&#8221;), as described below:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>1. Remuneration: The Debentures will be entitled to the following remuneration: </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>(a)&nbsp;&nbsp;&nbsp;&nbsp; Remuneration of First Series Debentures: First Series Debentures will be entitled to remuneration corresponding to 100% (one hundred percent) of the accumulated variation of the average daily rate of one-day over extragrupo DI interbank deposits (&#8220;DI Rate&#8221;) expressed as an annual percentage, based on 252 (two hundred and fifty-two) working days, calculated and disclosed by CETIP in the daily bulletin available on its website (http://www.cetip.com.br), plus the maximum spread or surcharge to be defined in the Book Building Process, limited to 1% (one percent) per year, based on 252 (two hundred and fifty-two) working days. The First Series Remuneration will be calculated on an exponential and cumulative pro rata temporis basis, proportionally to the number of working days elapsed since the Pay-in Date or the last date of payment of the First Series Remuneration, as applicable, based on the Nominal Unit Value of First Series Debentures, and paid at the end of each Yield Period.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>(b)&nbsp;&nbsp;&nbsp;&nbsp; Remuneration of Second Series Debentures: Second Series Debentures will be entitled to remuneration corresponding to 100% (one hundred percent) of the accumulated DI rate variation, expressed as an annual percentage, based on 252 (two hundred and fifty-two) working days, calculated and disclosed by the CETIP in the daily bulletin available on its website (http://www.cetip.com.br), plus the maximum spread or surcharge to be defined in the Book Building Process, limited to 1.3% (one point three percent) per year, based on 252 (two hundred and fifty-two) working days. The Second Series Remuneration will be calculated on an exponential and </FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>cumulative basis, proportionally to the number of working days elapsed since the Pay-in Date or the last date of payment of the Second Series Remuneration, as applicable, based on the Nominal Unit Value of Second Series Debentures, and paid at the end of each Yield Period.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For the purposes of calculation of the Remuneration, &#8220;Yield Period&#8221; is defined as the time interval between the Pay-in Date, inclusive, in the case of the first Yield Period, or the immediately prior date of payment of Remuneration, and the date of payment of Remuneration, exclusive, corresponding to the period in question.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>2. Ratification of the other conditions applicable to the Debentures: All other conditions applicable to the issue of the Debentures approved at the 839<SUP>th</SUP> BDM are unchanged and expressly ratified.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Additionally, the Board of Directors authorized the members of the Executive Board, pursuant to the legal and statutory provisions, to perform any and all acts related to the 21<SUP>st</SUP> issue of simple unsecured non-convertible debentures, in up to 2 (two) series, including, but not limited to, negotiating and executing the Indenture and any amendments thereto, as well as the agreement for the coordination, placement and public distribution under a firm placement guarantee; signing any and all documents and performing all acts necessary for this purpose, being also able to determine whether there will be one or two series and the number of Debentures to be allocated to each Series; and establishing the Debentures&#8217; remuneration, pursuant to item 10 above, after the completion of the Book Building Process to be conducted by the Coordinators, within the limits and parameters established herein. Finally, the Board of Directors ratified all the acts related to the 21<SUP>st</SUP> issue previously performed by the Executive Board.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 8.5pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>(...)</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>The minutes, after being approved, will be signed by the attending members of the Board of Directors: Benedito Pinto Ferreira Braga Junior, Francisco Luiz Sibut Gomide, Francisco Vidal Luna, Jer&#244;nimo Antunes, Jerson Kelman, Luis Eduardo Alves de Assis e Reinaldo Guerreiro.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>This is a free translation of the excerpt of the minutes that will be drawn up in the book of minutes of Board of Directors&#8217; meetings.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>S&#227;o Paulo, June 14, 2017.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Benedito Pinto Ferreira Braga Junior</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Chairman of the Board of Directors</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Marialve de S. Martins</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Secretary of the Board of Directors</FONT></FONT></P></DIV>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B><U>SIGNATURE&nbsp;</U></B></FONT><FONT size=1>&nbsp;</FONT></DIV></U></B></FONT>

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<DIV align=justify><FONT color=#000000 size=3 face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city S&#227;o Paulo, Brazil. <BR></FONT></DIV>

<DIV align=justify><FONT color=#000000 size=3 face="Times New Roman">Date:&nbsp;June 22, 2017</FONT></DIV>

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   <DIV align=left><FONT color=#000000 size=3 face="Times New Roman"><B>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </B></FONT></DIV></TD></TR>

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   <TD vAlign=top align=left><FONT color=#000000 size=2 face="Times New Roman">By:</FONT></TD>

   <TD vAlign=bottom align=left>/s/&nbsp;&nbsp;<FONT style="FONT-FAMILY: times new roman" size=3>Rui de Britto &#193;lvares Affonso</FONT>&nbsp;&nbsp;&nbsp;&nbsp;

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   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">Name: Rui de Britto &#193;lvares Affonso </FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">Title: Chief Financial Officer and Investor Relations Officer </FONT></DIV></TD>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>

<P align=justify><FONT size=2 face="'Times New Roman, Times, Serif'">This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. </FONT></P>

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