Gay Joel 4
4 · Energy Recovery, Inc. · Filed Feb 5, 2018
Insider Transaction Report
Form 4
Gay Joel
CFO
Transactions
- Tax Payment
Common Stock
2018-02-01$8.42/sh−8,173$68,817→ 64,548 total - Award
Common Stock
2018-02-01$7.50/sh+33,333$249,998→ 97,881 total - Award
Employee Stock Option (Right to Buy)
2018-02-01+173,491→ 173,491 totalExercise: $7.50Exp: 2028-02-01→ Common Stock (173,491 underlying)
Footnotes (4)
- [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]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.