SEC Form 4 · accession 0001421517-18-000099
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris M Gannon
Officer — Chief Executive Officer
Period of report
May 4, 2018
Accepted (ET)
May 8, 2018 · 5:02 pm EDT
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 | May 4, 2018 | F | 455 | $7.78 | D | 64,486 | 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)F3 | $8.22 | May 4, 2018 | A | 21,022 | A | — | May 4, 2028 | Common Stock | 21,022 | 21,022 | D |
Explanation of responses
- F1Represents RSU vestings from February 1, 2018 through May 4, 2018.
- F2Represents the weighted average stock price of the shares withheld for each restricted stock unit award vesting.
- F3This employee stock option was granted on May 4, 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