SEC Form 4 · accession 0001437749-19-002899
Energy Recovery, Inc. · ERII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Emily Smith
Officer — VP, Corporate Development
Period of report
Feb 15, 2019
Accepted (ET)
Feb 19, 2019 · 7:11 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 15, 2019 | M | 10,000 | $2.14 | A | 66,776 | D | |
| Common StockF1,F2 | Feb 15, 2019 | S | 10,000 | $8.0035 | D | 56,776 | D | |
| Common StockF3 | Feb 19, 2019 | F | 135 | $7.83 | D | 56,641 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1,F4 | $2.14 | Feb 15, 2019 | M | 10,000 | D | — | Sep 30, 2025 | Common Stock | 10,000 | 40,000 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2018.
- F2This figure is the weighted average sales price of multiple trades ranging from $7.9300 to $8.0500 per share. The Reporting Person undertakes to provide the SEC Staff, ERI or a shareholder of ERI full information about the number of shares sold at each separate price upon request.
- F3Payment of tax obligation by withholding securities incident to the vesting of the securities in accordance with Rule 16b-3.
- F4This employee stock option was granted on September 30, 2015. 25% of the shares full vest on the 1st anniversary of the vesting start date; thereafter, the remaining 75% vest 1/36th per month.