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Energy Recovery director just disposed of 50,000 shares

Arve Hanstveit, a director of Energy Recovery, recently disposed of 50,000 shares of the company. The disposals took place at $12.59 per share, on April 20, 2016. Hanstveit still owns 1,295,800 shares of the company. Hanstveit operates out of San Leandro, CA. Some additional info was provided as follows:

Sales pursuant to filed 10b5-1 plan. This figure is the sales price of multiple trades at $12.58615 per share. The reporting person undertakes to provide to the SEC staff, ERI, or a shareholder of ERI, full information about the number of shares sold at each separate price, upon request.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the...