Sanchez-Blanco Borja 4
4 · Energy Recovery, Inc. · Filed Feb 21, 2012
Insider Transaction Report
Form 4
Sanchez-Blanco Borja
SVP, Sales and Marketing
Transactions
- Award
Employee Stock Option (Right to Buy)
2012-02-16+116,151→ 0 totalExercise: $2.46Exp: 2022-02-15→ Common Stock (116,151 underlying)
Footnotes (1)
- [F1]1/36th of the shares vests monthly beginning one month following the first anniversary of the transaction (grant) date above. The option also includes 38,716 shares not listed above that will vest on the first anniversary of the grant date only if the company meets or exceeds an internally budgeted adjusted operating income target; that performance vesting will be reported on Form 4 if it occurs.