SEC Form 4 · accession 0001421517-19-000019
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joshua Ballard
Officer — Chief Financial Officer
Period of report
Jan 31, 2019
Accepted (ET)
Feb 5, 2019 · 7:32 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 | Jan 31, 2019 | A | 21,381 | $7.60 | A | 22,081 | 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 | $7.60 | Jan 31, 2019 | A | 35,737 | A | — | Jan 31, 2029 | Common Stock | 35,737 | 35,737 | 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 January 31, 2019 and vests 25% on each of the first four anniversaries of the grant date.
- F3This employee stock option was granted on January 31, 2019. 25% of the shares fully vest on the first anniversary of the vesting commencement date; thereafter, the remaining 75% vest 1/36th per month.