SEC Form 4/A · accession 0001437749-16-043114
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Rodney Clemente
Officer — VP, Global Desalination Sales
Period of report
Mar 9, 2016
Accepted (ET)
Dec 8, 2016 · 4:35 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 Stock | Mar 9, 2016 | M | 3,688 | $2.46 | A | 19,511 | D | |
| Common StockF1 | Mar 9, 2016 | S | 3,688 | $9.1898 | D | 15,823 | D | |
| Common Stock | Mar 9, 2016 | M | 15,000 | $3.40 | A | 30,823 | D | |
| Common StockF1 | Mar 9, 2016 | S | 15,000 | $9.1898 | D | 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 | $2.46 | Mar 9, 2016 | X | 3,688 | D | — | Jun 2, 2020 | Common Stock | 3,688 | 0 | D |
| Stock Option (Right to Buy)F3 | $3.40 | Mar 9, 2016 | X | 15,000 | D | — | Feb 15, 2022 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1This 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.
- F2These option were originally granted as part of a larger option award on 2/16/2012 and became fully exercisable on 2/16/2016.
- F3These option were originally granted on 6/3/2010 and became fully exercisable on 6/3/2014.
Remarks
The original Form 4 filed on March 10, 2016 is amended by this Form 4 Amendment to correctly reflect the reporting person's beneficial ownership of derivative securities based on the exercise of options, the reciept of common stock for those options, and the ultimate sale of the common stock received.