SEC Form 4 · accession 0001421517-18-000151
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arve Hanstveit
Director
Period of report
Nov 7, 2018
Accepted (ET)
Nov 9, 2018 · 6:48 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 | Nov 7, 2018 | M | 18,145 | $2.49 | A | 1,113,945 | D | |
| Common StockF1 | Nov 7, 2018 | S | 18,145 | $9.157 | D | 1,095,800 | D | |
| Common Stock | Nov 8, 2018 | M | 27,563 | $2.49 | A | 1,123,363 | D | |
| Common StockF2 | Nov 8, 2018 | S | 27,563 | $9.1464 | D | 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)F3 | $2.49 | Nov 7, 2018 | M | 18,145 | D | — | Aug 15, 2022 | Common Stock | 18,145 | 27,563 | D |
| Stock Option (Right to Buy)F3 | $2.49 | Nov 8, 2018 | M | 27,563 | D | — | Aug 15, 2022 | Common Stock | 27,563 | 0 | D |
Explanation of responses
- F1The figure is the weighted average sales price of multiple trades ranging from $9.0000 to $9.2700 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.
- F2The figure is the weighted average sales price of multiple trades ranging from $8.9900 to $9.2200 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.
- F3This employee stock option was granted on August 15, 2012. All of the shares are fully vested and exercisable.