Tony S. Najjar - 04 Mar 2022 Form 4 Insider Report for CIRCOR INTERNATIONAL INC (CIR)

Role: COO and Interim Pres/CEO
Signature: /s/ Tanya Dawkins, attorney-in-fact
Issuer symbol: CIR
Transactions as of: 04 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2022, 14:48:16 UTC
Next filing: 29 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	CIR	Common Stock	Options Exercise	+5,183	+35%	19,920	04 Mar 2022	Direct	F1
transaction	CIR	Common Stock	Tax liability	-1,833	-9.2%	18,087	04 Mar 2022	Direct	F1
transaction	CIR	Common Stock	Options Exercise	+496	+2.7%	18,583	04 Mar 2022	Direct	F2
transaction	CIR	Common Stock	Tax liability	-204	-1.1%	18,379	04 Mar 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	-5,183	-100%	$0.000000^*	0	04 Mar 2022	Common Stock	5,183	$0.000000	Direct	F1
transaction	CIR	Restricted Stock Unit	Options Exercise	$0	-496	-100%	$0.000000^*	0	04 Mar 2022	Common Stock	496	$0.000000	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.

Content

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.

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.