SEC Form 4 · accession 0001562180-18-001527
CIRCOR INTERNATIONAL INC · CIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott A. Buckhout
Officer — President and CEO · Director
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 2:51 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 | Mar 5, 2018 | A | 7,301 | A | Mar 5, 2021 | Mar 5, 2028 | Common Stock | 7,301 | 7,301 | D |
| Stock OptionsF2 | $42.62 | Mar 5, 2018 | A | 98,775 | A | Mar 5, 2019 | Mar 5, 2025 | Common Stock | 98,775 | 98,775 | 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.