Form Type: 4

SEC EDGAR Link
Acccession Number:0001437749-20-000947
Date:2020-01-16
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 2020-01-16 M 11,354 a $2.61 72,236 direct
COMMON STOCK 2020-01-16 S 11,354 d $10.51 60,882 direct
COMMON STOCK 2020-01-17 M 2,200 a $2.61 63,082 direct
COMMON STOCK 2020-01-17 S 2,200 d $10.54 60,882 direct
COMMON STOCK 2020-01-21 F 426 d $9.28 60,456 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) 2.61 2020-01-16 deemed execution date M 11,354 (d) 2025-06-08 common stock 11,354 $2.61 0 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 2.61 2020-01-17 deemed execution date M 2,200 (d) 2025-06-08 common stock 2,200 $2.61 0 direct
Footnotes
IDfootnote
f1 this transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on december 12, 2019.
f2 this figure is the weighted average sales price of multiple trades ranging from $10.50 to $10.53 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.
f3 this figure is the weighted average sales price of multiple trades ranging from $10.51 to $10.58 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.
f4 payment of tax obligation by withholding securities incident to the vesting of securities in accordance with rule 16b-3(e).
f5 this employee stock option was granted on june 8, 2015. all of the options are fully vested and exercisable.

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