SEC Form 4 · accession 0001562180-16-001805
CIRCOR INTERNATIONAL INC · CIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David F. Mullen
Officer — VP Finance and Corp Controller
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 4:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001091883
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | $0.00 | Feb 23, 2016 | A | 1,467 | A | Mar 23, 2017 | Feb 23, 2026 | Common Stock | 1,467 | 1,467 | D |
| Restricted Stock Unit (MSP)F2 | $0.00 | Feb 23, 2016 | A | 24 | A | Feb 23, 2019 | Feb 23, 2026 | Common Stock | 24 | 24 | D |
| Stock OptionsF3 | $38.89 | Feb 23, 2016 | A | 4,788 | A | Feb 23, 2017 | Feb 23, 2023 | Common Stock | 4,788 | 4,788 | D |
Explanation of responses
- F1The grant of Restricted Stock Units (RSUs), reported herein, entitles the Reporting Person to receive shares of the issuer common stock in equal installments of one-third of the original RSU grant on either (i) the annual vesting of the grant or (ii) upon the conclusion of such longer deferral period as the Reporting Person may elect in advance. In either occurrence, (i) or (ii), the RSUs automatically convert into shares of common stock on a one-for-one basis at no conversion cost to the Reporting Person.
- F2This Restricted Stock Units (RSUs) grant is issued pursuant to a provision of the issuer Management Stock Purchase Plan (MSPP) whereby certain executives may make an advance election to receive RSUs in lieu of a specified percentage or dollar amount of that executives annual incentive cash bonus under the bonus plan applicable to the executive. The RSUs are issued in whole units at a 33% discount from fair market value of the issuers common stock on the date the underlying bonus is determined and generally vest 3 years from the date of the grant, at which time the RSUs convert into shares of common stock on a one-for-one basis unless the executive previously elected a longer deferral period.
- F3The options generally vest in equal annual installments of one-third of the original stock option grant over a three year period from award date. The options convert into shares of common stock on a one-for-one basis.