4//SEC Filing
BUCKHOUT SCOTT A. 4
Accession 0001562180-20-001915
CIK 0001091883other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 6:39 PM ET
Size
23.4 KB
Accession
0001562180-20-001915
Insider Transaction Report
Form 4
BUCKHOUT SCOTT A.
President and CEO
Transactions
- Exercise/Conversion
Common Stock
2020-02-27+2,303→ 35,140 total - Tax Payment
Common Stock
2020-02-27−593→ 34,861 total - Exercise/Conversion
Restricted Stock Unit (MSP)
2020-02-27−6,989→ 0 totalExercise: $0.00From: 2020-02-27Exp: 2027-02-27→ Common Stock (6,989 underlying) - Exercise/Conversion
Common Stock
2020-02-27+1,336→ 35,454 total - Exercise/Conversion
Common Stock
2020-02-27+6,989→ 35,815 total - Tax Payment
Common Stock
2020-02-27−2,978→ 32,837 total - Exercise/Conversion
Performance RSUs
2020-02-27−2,303→ 0 totalExercise: $0.00From: 2020-02-27Exp: 2027-02-27→ Common Stock (2,303 underlying) - Tax Payment
Common Stock
2020-02-27−1,022→ 34,118 total - Exercise/Conversion
Performance RSUs
2020-02-27−1,336→ 0 totalExercise: $0.00From: 2020-02-27Exp: 2029-05-14→ Common Stock (1,336 underlying)
Footnotes (3)
- [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 2/27/2017 utilizing a fair market value (FMV) of a share of the issuers stock of $60.99. 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 ($40.86 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.
- [F2]The shares issued herein to the Reporting Person by the issuer are the result of actual achievement against the metrics associated with a Performance Based RSU grant made by the issuer on 2/27/2017. These metrics consisted of targets for 2017-2019 Average Return on Invested Capital and Average Adjusted Operating Margin with potential payouts ranging from 0% to 200%. This report reflects the acquisition of shares by the Reporting Person based on 13% achievement minus sufficient shares withheld to pay applicable income taxes.
- [F3]The shares issued herein to the Reporting Person by the issuer are the result of actual achievement against the metrics associated with a Performance Based RSU grant made by the issuer on 5/14/2019. These metrics consisted of tranche-specific targets for 2019 Adjusted Free Cash Flow and 2019 Adjusted Operating Margin with potential payouts ranging from 0% to 200%. This report reflects the acquisition of shares by the Reporting Person based on 10% achievement minus sufficient shares withheld to pay applicable income taxes.
Issuer
CIRCOR INTERNATIONAL INC
CIK 0001091883
Entity typeother
Related Parties
1- filerCIK 0001517348
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 6:39 PM ET
- Size
- 23.4 KB