SEC Form 4 · accession 0001421517-17-000017
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lenox Sharon E Smith
Officer — Corp. Controller & CAO
Period of report
Dec 13, 2017
Accepted (ET)
Dec 13, 2017 · 8:38 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 | Dec 13, 2017 | M | 2,000 | $6.00 | A | 11,614 | D | |
| Common Stock | Dec 13, 2017 | S | 2,000 | $11.00 | D | 9,614 | D | |
| Common StockF1 | Dec 13, 2017 | F | 1,027 | $8.40 | D | 8,587 | 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)F2 | $6.00 | Dec 13, 2017 | M | 2,000 | D | — | Mar 11, 2024 | Common Stock | 2,000 | 40,000 | D |
Explanation of responses
- F1Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F2This employee stock option was granted on March 12, 2014. 25% of the shares fully vest on the 1st anniversary of the vesting start date; thereafter, the remaining 75%, vest 1/36th per month.