4//SEC Filing
BUCKHOUT SCOTT A. 4
Accession 0001562180-21-002068
CIK 0001091883other
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 4:42 PM ET
Size
17.8 KB
Accession
0001562180-21-002068
Insider Transaction Report
Form 4
BUCKHOUT SCOTT A.
President and CEO
Transactions
- Tax Payment
Common Stock
2021-03-05−3,124→ 57,439 total - Exercise/Conversion
Restricted Stock Unit (MSP)
2021-03-05−7,301→ 0 totalExercise: $0.00From: 2021-03-05Exp: 2028-03-05→ Common Stock (7,301 underlying) - Exercise/Conversion
Performance RSUs
2021-03-05−29,057→ 0 totalExercise: $0.00From: 2021-03-05Exp: 2028-03-05→ Common Stock (29,057 underlying) - Exercise/Conversion
Common Stock
2021-03-05+7,301→ 60,563 total - Exercise/Conversion
Common Stock
2021-03-05+29,057→ 86,496 total - Tax Payment
Common Stock
2021-03-05−12,887→ 73,609 total
Footnotes (2)
- [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 3/5/2018 utilizing a fair market value (FMV) of a share of the issuers stock of $42.62. 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 ($28.56 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 minus sufficient shares withheld to pay income taxes.
- [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 3/5/2018. These metrics consisted of targets for 2018-2020 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 103% 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 7, 7:00 PM ET
- Accepted
- Mar 8, 4:42 PM ET
- Size
- 17.8 KB