SEC Form 4 · accession 0001562180-17-000992
CIRCOR INTERNATIONAL INC · CIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rajeev Bhalla
Officer — Exec VP and CFO
Period of report
Feb 27, 2017
Accepted (ET)
Mar 1, 2017 · 3:08 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 Unit (MSP)F1 | $0.00 | Feb 27, 2017 | A | 1,034 | A | Feb 27, 2020 | Feb 27, 2027 | Common Stock | 1,034 | 1,034 | D |
| Stock OptionsF2 | $60.99 | Feb 27, 2017 | A | 16,635 | A | Feb 27, 2018 | Feb 27, 2024 | Common Stock | 16,635 | 16,635 | D |
Explanation of responses
- F1This 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 issuer's 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.
- F2The 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.