NAUGLE THOMAS E 4
4 · CIRCOR INTERNATIONAL INC · Filed Mar 2, 2010
Insider Transaction Report
Form 4
NAUGLE THOMAS E
Director
Transactions
- Exercise/Conversion
Common Stock
2010-02-26$24.27/sh+1,380$33,493→ 9,354 total - Exercise/Conversion
Restricted Stock Units
2010-02-26−1,380→ 1,380 total→ Common Stock (1,380 underlying)
Footnotes (1)
- [F1]The Restricted Stock Units (RSUs), the conversion of which are reported herein, were issued to the Reporting Person pursuant to issuer's Management Stock Purchase Plan (MSPP) on 2/26/07. On that date the fair market value (FMV) of a share of issuer's common stock was $36.21. RSUs are issued in whole units on the basis of a 33% discount from FMV of issuer's common stock on the date the underlying bonus is determined ($24.27 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 selected a longer deferral period. Acquisition price reflects the 33% discount to FMV of issuer's stock on grant date.