SEC Form 4 · accession 0001421517-18-000141

Energy Recovery, Inc. · ERII

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP of Operations

Period of report

Oct 1, 2018

Accepted (ET)

Oct 3, 2018 · 6:34 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
Common Stock^F1	Oct 1, 2018	M	31,404	$2.75	A	95,000	D
Common Stock^F1,F2	Oct 1, 2018	S	31,404	$8.7704	D	63,596	D
Common Stock^F3,F4	Oct 1, 2018	F	854	$8.743	D	62,742	D
Common Stock^F1	Oct 2, 2018	M	45,956	$2.75	A	108,698	D
Common Stock^F1,F5	Oct 2, 2018	S	45,956	$8.7902	D	62,742	D
Common Stock^F1	Oct 3, 2018	M	884	$2.75	A	63,626	D
Common Stock^F1	Oct 3, 2018	S	884	$8.79	D	62,742	D

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,F6	$2.75	Oct 1, 2018	M	31,404	D	—	Mar 9, 2025	Common Stock	31,404	102,052	D
Employee Stock Option (Right to Buy)^F1,F6	$2.75	Oct 2, 2018	M	45,956	D	—	Mar 9, 2025	Common Stock	45,956	56,096	D
Employee Stock Option (Right to Buy)^F1,F6	$2.75	Oct 3, 2018	M	884	D	—	Mar 9, 2025	Common Stock	884	55,212	D

F1This transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 10, 2018.
F2This figure is the weighted average sales price of multiple trades ranging from $8.7300 to $8.8600 per share. The Reporting Person undertakes to provide the SEC Staff, ERI or a shareholder of ERI full information about the number of shares sold at each separate price upon request.
F3Payment of tax obligation by withholding securities incident to the vesting of the securities in accordance with Rule 16b-3(e)
F4This figure is the weighted average stock price of the shares withheld for each restricted stock unit award vesting.
F5The figure is the weighted average sales price of multiple trades ranging from $8.6800 to $8.8400 per share. The Reporting Person undertakes to provide the SEC Staff, ERI or a shareholder of ERI full information about the number of shares sold at each separate price upon request.
F6This 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.