4//SEC Filing
TAYLOR BARRY L SR 4
Accession 0001256370-06-000002
CIK 0001091883other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 4:22 PM ET
Size
10.1 KB
Accession
0001256370-06-000002
Insider Transaction Report
Form 4
TAYLOR BARRY L SR
Group Vice President
Transactions
- Exercise/Conversion
Restricted Stock Units
2006-01-30−2,779→ 0 totalExercise: $9.45→ Common Stock (2,779 underlying) - Exercise/Conversion
Common Stock
2006-01-30$9.45/sh+2,779$26,262→ 4,590 total - Tax Payment
Common Stock
2006-01-30$25.97/sh−1,168$30,333→ 3,422 total
Footnotes (2)
- [F1]The Restricted Stock Units (RSUs), the conversion of which are reported herein, were issued to the reporting person pursuant to the issuer's Management Stock Purchase Plan (MSPP) on March 16, 2001. On that date, the fair market value of a share of the issuer's stock was $14.10. Under the MSPP, the executive may make an advance election to receive RSUs in lieu of a specified percentage or dollar amount of the executive's annual incentive bonus under the issuer's Bonus Plan. RSUs are issued in whole units on the basis of a 33% discount from fair market value of the issuer's common stock on the date the underlying bonus is determined ($9.45 in this case) and generally vest 3 years from the date of grant, at which time it converts into shares of common stock unless the executive has previously selected a longer deferral period.
- [F2]Transactions reported herein reflect the conversion of RSUs into shares (pursuant to deferral elections made by the reporting person) and withholding of sufficient shares to pay taxes. Fair market value of shares, based on fair market price of issuer's stock on conversion is $25.97.
Documents
Issuer
CIRCOR INTERNATIONAL INC
CIK 0001091883
Entity typeother
Related Parties
1- filerCIK 0001256370
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 4:22 PM ET
- Size
- 10.1 KB