STROUD ANDREW B JR 4

4 · Energy Recovery, Inc. · Filed Feb 5, 2018

Form 4

Period: 2018-02-01

VP, Human Resources

Transactions

Award
Common Stock
2018-02-01$7.50/sh+15,000$112,500→ 37,842 total
Tax Payment
Common Stock
2018-02-05$7.77/sh−1,160$9,016→ 36,682 total
Award
Employee Stock Option (Right to Buy)
2018-02-01+26,023→ 26,023 total
Exercise: $7.50Exp: 2028-02-01→ Common Stock (26,023 underlying)
Tax Payment
Common Stock
2018-02-01$9.56/sh−243$2,323→ 22,842 total

Footnotes (6)

[F1]Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
[F2]Represents the weighted average stock price of the shares withheld for each restricted stock unit award vesting.
[F3]This restricted stock unit award was granted February 1, 2018 and vests 25% on each of the first four anniversaries of the grant date.
[F4]Payment of tax obligation by selling securities incident to the vesting of securities in accordance with Rule 16b-3(e).
[F5]Represents the weighted average stock price of the shares sold to cover tax obligation for restricted stock unit award vesting.
[F6]This employee stock option was granted on February 1, 2018. 25% of the shares fully vest on the 1st anniversary of the vesting start date; thereafter, the remaining 75%, vest 1/36th per month.

Documents

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