CIRCOR INTERNATIONAL INC 4
4 · CIRCOR INTERNATIONAL INC · Filed Mar 1, 2017
Insider Transaction Report
Form 4
Wiik Erik
Group President Energy
Transactions
- Award
Restricted Stock Unit (MSP)
2017-02-27+1,777→ 1,777 totalExercise: $0.00From: 2020-02-27Exp: 2027-02-27→ Common Stock (1,777 underlying) - Award
Stock Options
2017-02-27$60.99/sh+5,295$322,942→ 5,295 totalExercise: $60.99From: 2018-02-27Exp: 2024-02-27→ Common Stock (5,295 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% discount from fair market value of the issuer's 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.