CIRCOR INTERNATIONAL INC 4
4 · CIRCOR INTERNATIONAL INC · Filed Mar 5, 2014
Insider Transaction Report
Form 4
ROBBINS WAYNE F
Group Vice President
Transactions
- Award
Stock options
2014-03-03$71.56/sh+11,802$844,551→ 11,802 totalExercise: $71.56From: 2015-03-03Exp: 2021-03-03→ Common Stock (11,802 underlying) - Award
Restricted Stock Unit (MSP)
2014-03-03+4,802→ 4,802 totalExercise: $0.00From: 2017-03-03Exp: 2024-03-03→ Common Stock (4,802 underlying)
Footnotes (2)
- [F1]This 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 percent discount from fair market value of the issuers 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.
- [F2]The 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.