CIRCOR INTERNATIONAL INC 4
4 · CIRCOR INTERNATIONAL INC · Filed Feb 18, 2005
Insider Transaction Report
Form 4
NASCA CARL J
Group Vice President
Transactions
- Award
Stock Option Right to Buy
2005-02-18+7,600→ 7,600 totalExercise: $24.90Exp: 2015-02-18→ Common Stock (7,600 underlying) - Award
Restricted Stock Units
2005-02-18+2,500→ 2,500 total→ Common Stock (2,500 underlying) - Award
Restricted Stock Units
2005-02-18+3,282→ 3,282 total→ Common Stock (3,282 underlying)
Footnotes (6)
- [F1]The options vest 20% over a five-year period commencing on 2/18/2006.
- [F2]The options convert into shares of common stock on a one-for-one basis.
- [F3]The grant of restricted stock units reported herein entitles the reporting person to a receipt of shares of the issuer's common stock on the later of (i) vesting of the grant or portion thereof and (ii) such longer deferral period as the reporting person may have elected in advance.
- [F4]The restricted stock units reported herein vest in equal installments of one-third over a three year period commencing with 2/18/2006.
- [F5]As noted in footnotes 3 and 4, the restricted stock units vest over a three-year period and, subject to any longer deferral period elected by the reporting person, automatically convert into shares of common stock at no conversion cost to the reporting person.
- [F6]Restricted Stock Units (RSUs) convert into shares of common stock on a one-for-one basis. These RSUs are issued pursuant to a provision under the issuer's Management Stock Purchase Plan pursuant to which certain executives may make an advance election to receive RSUs in lieu of a specified percentage or dollar amount of the individual's annual incentive cash bonus under bonus plan applicable to the exectuvie. RSUs are issued based on a 33% discount to fair market value of issuer's common stock unless executive perviously has elected a longer deferral period.