SEC Form 4 · accession 0001437749-15-004780
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nocair Bensalah
Officer — VP of Manufacturing
Period of report
Mar 10, 2015
Accepted (ET)
Mar 11, 2015 · 7:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001421517
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $2.75 | Mar 10, 2015 | A | 133,456 | A | — | Mar 9, 2025 | Common Stock | 133,456 | 284,030 | D |
Explanation of responses
- F125% of shares fully vest on the 1st anniversary of the vesting start date of 03/10/2015; thereafter, the shares vest 1/48th per month.