Joshi Mahesh Kumar 4
4 · CIRCOR INTERNATIONAL INC · Filed Mar 5, 2013
Insider Transaction Report
Form 4
Joshi Mahesh Kumar
President, Energy Products Grp
Transactions
- Exercise/Conversion
Management Stock Purchase
2013-03-04+582→ 582 totalFrom: 2016-03-04Exp: 2016-03-04→ Common Stock (582 underlying) - Exercise/Conversion
Restricted Stock Unit
2013-03-04+3,303→ 3,303 totalFrom: 2014-03-04Exp: 2016-03-04→ Common Stock (3,303 underlying)
Footnotes (2)
- [F1]The 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 percentage discount from fair market value of the issuers common stock on the date the underlying bonus is determined and generally vest three 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.
- [F2]The grant of the Restricted Stock Unit 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.