SEC Form 4 · accession 0001179110-17-005834

CRA INTERNATIONAL, INC. · CRAI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Arnold J Lowenstein

Officer — EVP, Chief Strategy Officer

Period of report

Mar 28, 2017

Accepted (ET)

Apr 6, 2017 · 4:52 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001053706

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	holding	—	—		—	29,464	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Nonqualified Stock Option (right to buy)^F2	$21.91	holding	—	—	—	Nov 14, 2011	Nov 14, 2018	Common Stock	9,600	9,600	D
Nonqualified Stock Option (right to buy)^F2	$18.48	holding	—	—	—	Nov 19, 2013	Nov 19, 2020	Common Stock	12,973	12,973	D
Restricted Stock Units^F1,F3	—	holding	—	—	—	—	—	Common Stock	1,634	1,634	D
Restricted stock Units^F1,F4	—	holding	—	—	—	—	—	Common Stock	1,612	1,612	D
Nonqualified Stock Option (right to buy)^F2	$30.97	holding	—	—	—	Nov 20, 2014	Nov 20, 2021	Common Stock	7,500	7,500	D
Restricted Stock Units^F1,F5	—	holding	—	—	—	—	—	Common Stock	1,890	1,890	D
Restricted Stock Units^F1,F6	—	holding	—	—	—	—	—	Common Stock	1,965	1,965	D
Nonqualified Stock Option (right to buy)^F2	$21.52	holding	—	—	—	Nov 12, 2015	Nov 12, 2022	Common Stock	7,826	7,826	D
Restricted Stock Units^F1,F7	—	holding	—	—	—	—	—	Common Stock	2,958	2,958	D
Nonqualified Stock Options (right to buy)^F2	$30.96	holding	—	—	—	Nov 14, 2016	Nov 14, 2023	Common Stock	6,000	6,000	D
Restricted Stock Units^F1,F8	—	holding	—	—	—	—	—	Common Stock	3,023	3,023	D

Explanation of responses

F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock; vested RSUs are payable in the form of cash, shares of the Issuer's common stock or a combination thereof, except as otherwise indicated below. To the extent vested RSUs are paid in shares of the Issuer's common stock, such shares will be delivered to the reporting person as soon as possible after vesting, but in no event later than two and one-half months after the end of the year in which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs ("Dividend Units") when and as dividends are paid on the Issuer's common stock, and Dividend Units vest on the same dates and in the same relative proportions as the RSUs on which they accrue.
F2Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
F3The RSUs, which include an aggregate of 12.5074 Dividend Units, vest on November 19, 2017.
F4The RSUs, which include an aggregate of 12.3455 Dividend Units, vest on November 19, 2017.
F5The RSUs, which include an aggregate of 14.4750 Dividend Units, vest in two equal annual installments beginning on November 20, 2017.
F6The RSUs, which include an aggregate of 15.0461 Dividend Units, vest in two equal annual installments beginning on November 20, 2017.
F7The RSUs, which include an aggregate of 22.6461 Dividend Units, vest in three equal annual installments beginning on November 12, 2017.
F8The RSUs, which include an aggregate of 23.1477 Dividend Units, vest in four equal annual installments beginning on November 14, 2017.

Remarks

The reporting person stepped down as the Issuer's executive vice president and chief strategy officer effective March 28, 2017. As a result, the reporting person is no longer subject to Section 16 in connection with his transactions in the Issuer's securities and therefore will no longer report any such transactions on Form 4 or Form 5.