SEC Form 4 · accession 0001437749-17-002695
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel Gay
Officer — President and CEO
Period of report
Feb 10, 2017
Accepted (ET)
Feb 16, 2017 · 4:50 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 | Feb 10, 2017 | A | 25,252 | $9.90 | A | 72,721 | 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 | $9.90 | Feb 10, 2017 | A | 122,810 | A | — | Feb 10, 2027 | Common Stock | 122,810 | 751,054 | 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, 2nd, 3rd, and 4th anniversary of the vesting start date of 02/10/2017.
- F225% of these options fully vest on the 1st anniversary of the vesting start date of 02/10/2017; thereafter, the remaining 75% vest 1/36th per month.