| Accession Number: | 0001437749-20-003292 |
| Date: | 2020-02-19 |
| Issuer: | ENERGY RECOVERY, INC. (ERII) |
| Original Submission Date: |
BENSALAH NOCAIR
C/O ENERGY RECOVERY, INC.
1717 DOOLITTLE DRIVE
SAN LEANDRO, CA 94577
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | 2020-02-19 | M | 1,604 | a | $2.75 | 60,568 | direct | ||
| COMMON STOCK | 2020-02-19 | S | 1,604 | d | $11.00 | 58,964 | direct | ||
| COMMON STOCK | 2020-02-20 | M | 1,124 | a | $2.75 | 60,088 | direct | ||
| COMMON STOCK | 2020-02-20 | S | 1,124 | d | $11.01 | 58,964 | direct | ||
| COMMON STOCK | 2020-02-20 | M | 16,042 | a | $2.75 | 75,006 | direct | ||
| COMMON STOCK | 2020-02-20 | S | 16,042 | d | $11.01 | 58,964 | direct | ||
| COMMON STOCK | 2020-02-21 | M | 1,799 | a | $2.75 | 60,763 | direct | ||
| COMMON STOCK | 2020-02-21 | S | 1,799 | d | $11.02 | 58,964 | direct | ||
| COMMON STOCK | 2020-02-21 | F | 97 | d | $10.42 | 58,867 | direct |
| 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 Exercisable | Expiration 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) | 2.75 | 2020-02-19 | deemed execution date | M | 1,604 (d) | 2025-03-10 | common stock 1,604 | $2.75 | 1,124 | direct | ||
| EMPLOYEE STOCK OPTION (RIGHT TO BUY) | 2.75 | 2020-02-20 | deemed execution date | M | 1,124 (d) | 2025-03-10 | common stock 1,124 | $2.75 | 0 | direct | ||
| EMPLOYEE STOCK OPTION (RIGHT TO BUY) | 2.75 | 2020-02-20 | deemed execution date | M | 16,042 (d) | 2025-03-10 | common stock 16,042 | $2.75 | 3,473 | direct | ||
| EMPLOYEE STOCK OPTION (RIGHT TO BUY) | 2.75 | 2020-02-21 | deemed execution date | M | 1,799 (d) | 2025-03-10 | common stock 1,799 | $2.75 | 1,674 | direct |
| ID | footnote |
|---|---|
| f1 | this transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on november 15, 2019. |
| f2 | this figure is the weighted average sales price of multiple trades ranging from $11.00 to $11.07 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 $11.00 to $11.05 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 march 10, 2015. all of the options are fully vested and exercisable. |
