SEC Form 4 · accession 0001562180-18-001270
CIRCOR INTERNATIONAL INC · CIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sumit Mehrotra
Officer — Pres, Advanced Flow Solutions
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 3:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001091883
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2018 | M | 1,851 | — | A | 3,952 | D | |
| Common StockF2 | Feb 23, 2018 | M | 226 | — | A | 4,178 | D | |
| Common StockF3 | Feb 23, 2018 | M | 729 | — | A | 4,907 | D | |
| Common StockF1 | Feb 23, 2018 | F | 661 | — | D | 4,246 | D | |
| Common StockF2 | Feb 23, 2018 | F | 93 | — | D | 4,153 | D | |
| Common StockF3 | Feb 23, 2018 | F | 298 | — | D | 3,855 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Management Stock PurchaseF1 | $0.00 | Feb 23, 2018 | M | 1,851 | D | Feb 23, 2018 | Feb 23, 2025 | Common Stock | 1,851 | 0 | D |
| Restricted Stock UnitF2 | $0.00 | Feb 23, 2018 | M | 226 | D | Feb 23, 2018 | Feb 23, 2025 | Common Stock | 226 | 0 | D |
| Restricted Stock UnitF3 | $0.00 | Feb 23, 2018 | M | 729 | D | Feb 23, 2018 | Feb 23, 2026 | Common Stock | 729 | 729 | D |
Explanation of responses
- F1The Restricted Stock Units (RSUs), the conversion of which are reported herein, were issued to the Reporting Person pursuant to issuers Management Stock Purchase Plan (MSPP) on 2/23/2015 utilizing a fair market value (FMV) of a share of the issuers stock of $51.84. RSUs are issued in whole units on the basis of a 33 percent discount from FMV of the issuers common stock on the date the underlying bonus is determined ($34.73 in this case) and generally vest 3 years from date of grant, at which time they convert into shares of common stock unless the executive has previously elected a longer deferral period. Acquisition price reflects the 33% discount to FMV of issuers stock on grant date. This report reflects the acquisition by the Reporting Person of the common stock underlying the RSUs minus sufficient shares withheld to pay applicable income taxes.
- F2The Restricted Stock Units (RSUs), the conversion of which are reported herein, were granted to the Reporting Person by the issuer as part of equity incentive grants made by the issuer on 2/23/2015 utilizing a fair market value (FMV) of a share of the issuers stock of $51.84. The RSU grant vests in equal portions over a three year period, and are received by the Reporting Person upon vesting, on a one-for-one basis. This report reflects the vesting of one-third portion of the original RSU grant and the acquisition by the Reporting Person of the underlying shares minus sufficient shares withheld to pay applicable income taxes.
- F3The Restricted Stock Units (RSUs), the conversion of which are reported herein, were granted to the Reporting Person by the issuer as part of equity incentive grants made by the issuer on 2/23/2016 utilizing a fair market value (FMV) of a share of the issuers stock of $38.89. The RSU grant vests in equal portions over a three year period, and are received by the Reporting Person upon vesting, on a one-for-one basis. This report reflects the vesting of one-third portion of the original RSU grant and the acquisition by the Reporting Person of the underlying shares minus sufficient shares withheld to pay applicable income taxes.