SEC Form 4 · accession 0001437749-15-021971
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris M Gannon
Officer — CFO
Period of report
Dec 8, 2015
Accepted (ET)
Dec 10, 2015 · 3:02 pm EST
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 | $6.88 | Dec 8, 2015 | A | 100,000 | A | — | Dec 7, 2025 | Common Stock | 100,000 | 300,000 | D |
Explanation of responses
- F125% of the shares fully vest on the 1st anniversary of the vesting start date of 12/08/2015; Thereafter, the remaining 75%, vest 1/36th per month.