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Energy Recovery, Inc. Director's Dealing 2011

May 4, 2011

32390_dirs_2011-05-04_87d0271d-82d0-4030-b8fd-6d36f6f77f08.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Energy Recovery, Inc. (ERII)
CIK: 0001421517
Period of Report: 2011-05-02

Reporting Person: Michelet Hans Peter (Director, Executive Chairman)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-02 Common Stock S 94400 $2.9931 Disposed 983060 Direct
2011-05-03 Common Stock S 5600 $2.9425 Disposed 977460 Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 22, 2010.

F2: This figure is the weighted average sales price of multiple trades ranging from $2.93 to $3.08 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.

F3: This figure is the weighted average sales price of multiple trades ranging from $2.91 to $2.99 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.