SEC Form 4 · accession 0001437749-16-027375
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney Clemente
Officer — VP, Global Desalination Sales
Period of report
Mar 8, 2016
Accepted (ET)
Mar 10, 2016 · 7:22 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 | Mar 8, 2016 | A | 15,823 | $0.00 | A | 15,823 | 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)F2 | $8.52 | Mar 8, 2016 | A | 26,247 | A | — | Mar 8, 2026 | Common Stock | 26,247 | 227,346 | D |
| Stock Option (Right to Buy)F4,F3 | $2.46 | Mar 9, 2016 | X | 3,688 | D | — | Feb 15, 2022 | Common Stock | 3,688 | 223,658 | D |
| Stock Option (Right to Buy)F6,F5 | $3.40 | Mar 9, 2016 | X | 15,000 | D | — | Jun 2, 2020 | Common Stock | 15,000 | 208,658 | D |
Explanation of responses
- F1Restricted Stock Units which represent a contingent right to receive shares of common stock. 25% of these restricted stock units fully vest on the 1st anniversary of the vesting start date of 03/8/2016; thereafter, the remaining 75% vest 1/36th per month.
- F225% of these options fully vest on the 1st anniversary of the vesting start date of 03/8/2016; thereafter, the remaining 75% vest 1/36th per month.
- F3All options became fully vested on 2/16/2016.
- F4This figure is the weighted average sales price of multiple trades ranging from $8.56 to $9.477825 per share. The reporting person undertakes to provide to the SEC staff, ERI, or a shareholder of ERI, full information about the number of shares sold at each separate price, upon request.
- F5All options became fully vested on 6/3/2014.
- F6This figure is the weighted average sales price of multiple trades ranging from $8.56 to $9.477825 per share. The reporting person undertakes to provide to the SEC staff, ERI, or a shareholder of ERI, full information about the number of shares sold at each separate price, upon request.