Sandlin Terrill 4
4 · Energy Recovery, Inc. · Filed Jul 6, 2009
Insider Transaction Report
Form 4
Sandlin Terrill
VP of Manufacturing
Transactions
- Award
Employee Stock Option (Right to Buy)
2009-07-01+10,000→ 10,000 totalExercise: $7.13Exp: 2019-06-30→ Common Stock (10,000 underlying) - Award
Restricted Stock Units
2009-07-01+4,000→ 4,000 total→ Common Stock (4,000 underlying)
Footnotes (3)
- [F1]All shares vest 1/4th on the 1 year anniversary of the vesting commencement date of 07/01/2009 and 1/48th monthly thereafter.
- [F2]Each restricted stock unit represents a contingent right to receive one share of ERI common stock or its equivalent.
- [F3]The restricted stock units vest over four years with 1/4 of the restricted stock units vesting on each anniversary of the vesting commencement date of 07/01/2009.