Photosynthetic water oxidation occurs at the oxygen-evolving complex (OEC) of Photosystem II (PSII). The OEC, which contains a Mn4CaO5inorganic cluster ligated by oxides, waters and amino-acid residues, cycles through five redox intermediates known as Sistates (i= 0–4). The electronic and structural properties of the transient S4intermediate that forms the O–O bond are not well understood. In order to gain insight into how water is activated for O–O bond formation in the S4intermediate, we have performed a detailed analysis of S-state dependent substrate water binding kinetics taking into consideration data from Mn coordination complexes. This analysis supports a model in which the substrate waters are both bound as terminal ligands and reactviaa water-nucleophile attack mechanism.