Ole Peter Lorentzen - 15 Sep 2021 Form 4 Insider Report for Energy Recovery, Inc. (ERII)

Role
10%+ Owner
Signature
/s/ Ole Peter Lorentzen
Issuer symbol
ERII
Transactions as of
15 Sep 2021
Net transactions value
-$31,215,000
Form type
4
Filing time
17 Sep 2021, 16:41:50 UTC
Previous filing
06 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ERII Common Stock Sale $31,215,000 -1,500,000 -23% $20.81 5,155,239 15 Sep 2021 See Note F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ole Peter Lorentzen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The filing persons of this Form 4 are Ole Peter Lorentzen, who is the controlling shareholder of Ludvig Lorentzen AS, and Sobral AS, a wholly owned subsidiary of Ludvig Lorentzen AS. The sale reported on this Form 4 was made pursuant to a registration statement on Form S-3 (File No. 333-233730). After giving effect to the sale reported on this Form 4, the shares of common stock beneficially owned by Mr. Lorentzen include 4,714,905 shares of common stock held by Sobral AS, no shares held by Ludvig Lorentzen AS, and 440,334 shares of common stock held in other accounts controlled by Mr. Lorentzen. The filing persons disclaim beneficial ownership of the securities reported on this Form 4 except to the extent of their pecuniary interest therein.