Form Type: 4

SEC EDGAR Link
Accession Number:0001437749-20-001686
Date:2020-01-31
Issuer: ENERGY RECOVERY, INC. (ERII)
Original Submission Date:

Reporting Person:

SIEBERT ERIC
C/O ENERGY RECOVERY
1717 DOOLITTLE DRIVE SAN LEANDRO, CA 94577

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-01-31 A 15,915 a $10.21 76,371 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 10.21 2020-01-31 deemed execution date A 27,215 (a) 2030-01-31 common stock 27,215 $10.21 27,215 direct
Footnotes
IDfootnote
f1 each restricted stock unit represents the right to receive, at settlement, one (1) share of the company's common stock.
f2 the restricted stock unit was granted on january 31, 2020 and vests 25% on each of the first four anniversaries of the grant date.
f3 this employee stock option was granted on january 31, 2020. 25% of the options will vest on the 1st anniversary of the grant date; thereafter, the remaining 75% vest 1/36th per month.
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