NASCA CARL J 4
4 · CIRCOR INTERNATIONAL INC · Filed Feb 15, 2005
Insider Transaction Report
Form 4
NASCA CARL J
Group Vice President
Transactions
- Exercise/Conversion
Common Stock
[F1]2005-02-13$12.72/sh+934$11,880→ 4,541 total - Tax Payment
Common Stock
[F1]2005-02-13$24.23/sh−348$8,432→ 4,193 total - Exercise/Conversion
Restricted Stock Units
[F1]2005-02-13−934→ 0 totalExercise: $12.72From: 2005-02-13→ Common Stock (934 underlying)
Footnotes (1)
- [F1]Shares acquired pursuant to conversion of restricted stock units (RSUs) on a one for one basis. RSUs issued pursuant to issuer's Management Stock Purchase Plan under which executives may make an advance election to receive RSUs in lieu of specified % or dollar amount of annual incentive cash bonus under bonus plan applicable to executive. RSUs issued on the basis of a 33% discount to fair market value of issuer's common stock on date the underlying bonus otherwise would be paid and generally vest 3 years after grant date at which time it converts into shares of common stock unless executive has previously elected a longer deferral period. Transactions reported reflect conversion of RSUs into shares and withholding of sufficient shares to pay taxes. Price reflected based on 33% discount to fair market value of issuer's stock to grant date. Fair market value of shares, based on closing price of issuer's stock on Feb. 11, 2005 (last business day before shares vested), is $24.23.
Signature
Alan J. Glass, Attorney-in-fact|2005-02-15