Tony S. Najjar - Mar 4, 2022 Form 4 Insider Report for CIRCOR INTERNATIONAL INC (CIR)

Signature
/s/ Tanya Dawkins, attorney-in-fact
Stock symbol
CIR
Transactions as of
Mar 4, 2022
Transactions value $
$0
Form type
4
Date filed
3/8/2022, 02:48 PM
Next filing
Mar 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIR Common Stock Options Exercise +5.18K +35.17% 19.9K Mar 4, 2022 Direct F1
transaction CIR Common Stock Tax liability -1.83K -9.2% 18.1K Mar 4, 2022 Direct F1
transaction CIR Common Stock Options Exercise +496 +2.74% 18.6K Mar 4, 2022 Direct F2
transaction CIR Common Stock Tax liability -204 -1.1% 18.4K Mar 4, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CIR Restricted Stock Unit (MSP) Options Exercise $0 -5.18K -100% $0.00* 0 Mar 4, 2022 Common Stock 5.18K $0.00 Direct F1
transaction CIR Restricted Stock Unit Options Exercise $0 -496 -100% $0.00* 0 Mar 4, 2022 Common Stock 496 $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 3/4/2019 utilizing a fair market value (FMV) of a share of the issuers stock of $33.63. 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 ($22.53 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 Restricted Stock Units (RSUs), the conversion of which are reported herein, were granted to the Reporting Person by the issuer as part of equity incentive grants made by the issuer on 3/04/2019 utilizing a fair market value (FMV) of a share of the issuers stock of $33.63. The RSU grant vests in equal portions over a three year period, and are received by the Reporting Person upon vesting, on a one-for-one basis. This report reflects the vesting of one-third portion of the original RSU grant and the acquisition by the Reporting Person of the underlying shares minus sufficient shares withheld to pay applicable income taxes.