SEC Form 4 · accession 0001437749-16-039084
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew B Stroud Jr.
Officer — VP, Human Resources
Period of report
Sep 21, 2016
Accepted (ET)
Sep 23, 2016 · 4:34 pm EDT
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 Stock | Sep 21, 2016 | M | 7,655 | $2.75 | A | 21,896 | D | |
| Common Stock | Sep 21, 2016 | D | 7,655 | $15.00 | D | 14,241 | D | |
| Common Stock | Sep 21, 2016 | M | 7,654 | $2.75 | A | 21,895 | D | |
| Common Stock | Sep 21, 2016 | D | 7,654 | $16.00 | D | 14,241 | D | |
| Common Stock | Sep 21, 2016 | M | 8,418 | $5.91 | A | 22,659 | D | |
| Common Stock | Sep 21, 2016 | D | 8,418 | $16.00 | D | 14,241 | 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)F1 | $2.75 | Sep 21, 2016 | X | 7,655 | D | — | Mar 9, 2025 | Common Stock | 7,655 | 159,094 | D |
| Stock Option (Right to Buy)F2 | $2.75 | Sep 21, 2016 | X | 7,654 | D | — | Mar 9, 2025 | Common Stock | 7,654 | 151,440 | D |
| Stock Option (Right to Buy)F3 | $5.91 | Sep 21, 2016 | X | 8,418 | D | — | Jun 20, 2024 | Common Stock | 8,418 | 143,022 | D |
Explanation of responses
- F1The options were exercised in accordance with an approved 10b5-1 plan dated 8/11/16. These options were originally granted as part of a larger option award on 3/10/2015. 25% of the option award became vested on the 1st anniversary of the vesting start date of 03/10/2015; thereafter, the remaining 75% vest 1/36th per month. The entire award may become fully vested on 03/10/2019.
- F2The options were exercised in accordance with an approved 10b5-1 plan dated 8/11/16. These options were originally granted as part of a larger option award on 3/10/2015. 25% of the option award became vested on the 1st anniversary of the vesting start date of 03/10/2015; thereafter, the remaining 75% vest 1/36th per month. The entire award may become fully vested on 03/10/2019
- F3The options were exercised in accordance with an approved 10b5-1 plan dated 8/11/16. These options were originally granted as part of a larger option award on 6/20/2014. 25% of the option award became vested on the 1st anniversary of the vesting start date of 06/20/2014; thereafter, the remaining 75% vest 1/36th per month. The entire award may become fully vested on 06/20/2018.