FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/27/2018 |
3. Issuer Name and Ticker or Trading Symbol
CIRCOR INTERNATIONAL INC [ CIR ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 580 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Unit | (1) | 07/30/2025 | Common Stock | 206 | $0.00 | D | |
Restricted Stock Unit | (2) | 02/23/2026 | Common Stock | 279 | $0.00 | D | |
Restricted Stock Unit | (3) | 02/27/2027 | Common Stock | 462 | $0.00 | D | |
Restricted Stock Unit (MSP) | 02/23/2019(4) | 02/23/2026 | Common Stock | 241 | $0.00 | D | |
Restricted Stock Unit (MSP) | 02/27/2020(4) | 02/27/2027 | Common Stock | 415 | $0.00 | D | |
Stock Options | (5) | 02/23/2023 | Common Stock | 2,730 | $38.89 | D | |
Stock Options | (6) | 02/27/2024 | Common Stock | 1,449 | $60.99 | D |
Explanation of Responses: |
1. The Restricted Stock Units (RSUs) granted herein are in connection with the Company's long-term incentive plan. The RSUs reported herein represent the original grant of 618 RSUs. The original award vests in 3 equal installments on August 30, 2016, July 30, 2017 and and July 30, 2018 and convert into shares of common stock on a one-for-one basis unless the executive previously has selected a longer deferral period. Market price at time of grant was $48.65. |
2. The Restricted Stock Units (RSUs) granted herein are in connection with the Company's long-term incentive plan. The RSUs reported herein represent the original grant of 837 RSUs. The original award vests in 3 equal installments on March 23, 2017, February 23, 2018 and February 23, 2019 and convert into shares of common stock on a one-for-one basis unless the executive previously has selected a longer deferral period. Market price at time of grant was $38.89. |
3. The Restricted Stock Units (RSUs) granted herein are in connection with the Company's long-term incentive plan. The RSUs reported herein represent the original grant of 462 RSUs. The original award vests in 3 equal installments on March 27, 2018, February 27, 2019 and February 27, 2020 and convert into shares of common stock on a one-for-one basis unless the executive previously has selected a longer deferral period. Market price at time of grant was $60.99. |
4. 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 issuers 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. |
5. The option vests in equal annual installments over a 3-year period commencing February 23, 2017. |
6. The option vests in equal annual installments over a 3-year period commencing February 27, 2018. |
Remarks: |
/s/ Rajeev Bhalla, his attorney in fact | 03/01/2018 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |