SEC Form 4 · accession 0001421517-18-000032
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
Feb 1, 2018
Accepted (ET)
Feb 5, 2018 · 8:43 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 StockF1,F2 | Feb 1, 2018 | F | 54 | $8.98 | D | 8,533 | D | |
| Common StockF3 | Feb 1, 2018 | A | 5,000 | $7.50 | A | 13,533 | D | |
| Common StockF4,F5 | Feb 5, 2018 | F | 388 | $7.7365 | D | 13,145 | 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)F6 | $7.50 | Feb 1, 2018 | A | 8,674 | A | — | Feb 1, 2028 | Common Stock | 8,674 | 8,674 | D |
Explanation of responses
- F1Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F2Represents the weighted average stock price of the shares withheld for each restricted stock unit award vesting.
- F3This restricted stock unit award was granted February 1, 2018 and vests 25% on each of the first four anniversaries of the grant date.
- F4Payment of tax obligation by selling securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F5Represents the weighted average stock price of the shares sold to cover tax obligation for restricted stock unit award vesting.
- F6This employee stock option was granted on February 1, 2018. 25% of the shares fully vest on the 1st anniversary of the vesting start date; thereafter, the remaining 75%, vest 1/36th per month.
Remarks
Exhibit 24, Power of Attorney