HAYES DOUGLAS M 4
4 · CIRCOR INTERNATIONAL INC · Filed Feb 27, 2018
Insider Transaction Report
Form 4
HAYES DOUGLAS M
Director
Transactions
- Exercise/Conversion
Common Stock
2018-02-23+1,728→ 19,863 total - Exercise/Conversion
Management Stock Purchase
2018-02-23−1,728→ 0 totalExercise: $0.00From: 2018-02-23Exp: 2025-02-23→ Common Stock (1,728 underlying)
Footnotes (1)
- [F1]The Restricted Stock Units (RSUs), the conversion of which are reported herein, were issued to the Reporting Person pursuant to issuers Management Stock Purchase Plan (MSPP) on 2/23/2015 utilizing a fair market value (FMV) of a share of the issuers stock of $51.84. RSUs are issued in whole units on the basis of a 33 percent discount from FMV of the issuers common stock on the date the underlying bonus is determined ($34.73 in this case) and generally vest 3 years from date of grant, at which time they convert into shares of common stock unless the executive has previously elected a longer deferral period. Acquisition price reflects the 33% discount to FMV of issuers stock on grant date. This report reflects the acquisition by the Reporting Person of the common stock underlying the RSUs.