SEC Form 4 · accession 0001421517-18-000112
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arve Hanstveit
Director
Period of report
Jun 14, 2018
Accepted (ET)
Jun 18, 2018 · 5:32 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 | holding | — | — | — | 120,000 | I | Children | |
| Common Stock | holding | — | — | — | 1,095,800 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $8.49 | Jun 14, 2018 | A | 15,879 | A | — | Jun 14, 2028 | Common Stock | 15,879 | 347,766 | D |
Explanation of responses
- F1The Issuer's common shares reported on this Form 4 as beneficially owned by Mr. Hanstveit include 120,000 common shares transferred to two trust for the benefit of his children. Mr. Hanstveit serves as co-trustee of each of these trusts.
- F2The Shares will fully vest and become exercisable on the 2019 Annual Meeting date, anticipated to be on or about June 13, 2019.