SEC Form 4 · accession 0001421517-19-000017
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
Feb 2, 2019
Accepted (ET)
Feb 5, 2019 · 7:30 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 2, 2019 | A | 19,059 | $7.87 | A | 83,545 | D | |
| Common StockF3,F4 | Feb 5, 2019 | F | 1,768 | $8.4289 | D | 81,777 | D | |
| Common StockF5,F6 | Feb 4, 2019 | F | 2,258 | $7.7444 | D | 79,519 | D | |
| Common StockF5,F6 | Feb 5, 2019 | F | 1,660 | $7.7711 | D | 77,859 | 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)F7 | $7.87 | Feb 2, 2019 | A | 95,622 | A | — | Feb 2, 2029 | Common Stock | 95,622 | 95,622 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one (1) share of Common Stock
- F2The restricted stock unit award was granted on February 2, 2019 and vests 25% on each of the first four anniversary of the grant date.
- F3Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F4Represents the weighted average stock price of the shares withheld to cover tax obligation for restricted stock unit award vesting.
- F5Payment of tax obligation by selling securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F6Represents the weighted average stock price of the shares sold to cover tax obligation for restricted stock unit award vesting.
- F7This employee stock option was granted on February 2, 2019, 25% of the shares will vest on the 1st anniversary of the vesting commencement date, thereafter, the remaining 75% vest 1/36th per month.