SEC Form 4 · accession 0001421517-19-000022
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Yeung
Officer — General Counsel
Period of report
Jan 31, 2019
Accepted (ET)
Feb 5, 2019 · 7:33 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 | 18,092 | $7.60 | A | 60,074 | D | |
| Common StockF3 | Feb 4, 2019 | F | 1,952 | $7.67 | D | 58,122 | D | |
| Common StockF3,F4 | Feb 5, 2019 | F | 1,415 | $7.7164 | D | 56,707 | D | |
| Common Stock | holding | — | — | — | 8,068 | I | Spouse |
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)F5 | $7.60 | Jan 31, 2019 | A | 30,239 | A | — | Jan 31, 2029 | Common Stock | 30,239 | 30,239 | 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.
- F3Payment of tax obligation by selling securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F4Represents the weighted average stock price of the shares sold to cover tax obligation for restricted stock unit award vesting.
- F5This employee stock option was granted on January 31, 2019. 25% of the shares will vest on the 1st anniversary of the vesting start date; therefore, the remaining 75% vest 1/36th per month.