SEC Form 4 · accession 0001421517-19-000023
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Farshad Ghasripoor
Officer — Chief Technology Officer
Period of report
Jan 31, 2019
Accepted (ET)
Feb 5, 2019 · 7:34 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 | 79,205 | D | |
| Common StockF3,F4 | Feb 5, 2019 | F | 1,161 | $8.6337 | D | 78,044 | D | |
| Common StockF5 | Feb 4, 2019 | F | 1,919 | $7.7263 | D | 76,125 | D | |
| Common StockF5,F6 | Feb 5, 2019 | F | 1,152 | $7.7528 | D | 74,973 | 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)F7 | $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.
- 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 for each 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 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