ENERGY RECOVERY INC

Ticker: ERII CUSIP: 29270J100 Class: Common Stock

BALDWIN BROTHERS LLC/MA's Holding History (CIK: 0001021258)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014

Shares 6,280 Value ($000) $31 Avg Close $5.16 Range $4.10 - $6.18

Q1 2014

Shares 6,280 Value ($000) $33 Avg Close $4.92 Range $3.82 - $6.98

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	6,280	$31	$5.16	$4.10 - $6.18
Q1 2014	6,280	$33	$4.92	$3.82 - $6.98