SEC Form 4 · accession 0001421517-17-000013
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew B Stroud Jr.
Officer — VP, Human Resources
Period of report
Nov 30, 2017
Accepted (ET)
Dec 4, 2017 · 6:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001421517
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 30, 2017 | M | 7,117 | $2.75 | A | 32,398 | D | |
| Common StockF1 | Nov 30, 2017 | S | 7,117 | $11.00 | D | 25,281 | D | |
| Common StockF2 | Nov 30, 2017 | F | 2,196 | $8.29 | D | 23,085 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1,F3 | $2.75 | Nov 30, 2017 | M | 7,117 | D | — | Mar 9, 2025 | Common Stock | 7,117 | 70,700 | D |
Explanation of responses
- F1These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 9, 2017.
- F2Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F3This employee stock option was granted on March 10, 2015. 25% of the shares fully vest on the 1st anniversary of the vesting start date; thereafter, the remaining 75%, vest 1/36th per month.