Arjun Sharma - 15 Aug 2022 Form 4 Insider Report for CIRCOR INTERNATIONAL INC

Role: CFO and SVP Bus Development
Signature: /s/ Tanya Dawkins, attorney-in-fact
Issuer symbol: N/A
Transactions as of: 15 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 17 Aug 2022, 12:48:24 UTC
Previous filing: 19 Apr 2022
Next filing: 21 Mar 2023
SEC: View on sec.gov

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	Award	$0	+11,124		$0.000000	11,124	15 Aug 2022	Common Stock	11,124	$0.000000	Direct	F1
transaction	CIR	Restricted Stock Unit (MSP)	Award	$0	+5,249		$0.000000	5,249	15 Aug 2022	Common Stock	5,249	$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 grant of Restricted Stock Units (RSUs), reported herein, entitles the Reporting Person to receive shares of the issuer common stock in equal installments of one-third of the original RSU grant on the anniversary of the grant date in Year 1 and on March 15, 2024 and March 15, 2025 in Years 2 and 3. The RSUs automatically convert into shares of common stock on a one-for-one basis at no conversion cost to the Reporting Person.
F2	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 issuer's common stock on the grant date 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.

Content

The grant of Restricted Stock Units (RSUs), reported herein, entitles the Reporting Person to receive shares of the issuer common stock in equal installments of one-third of the original RSU grant on the anniversary of the grant date in Year 1 and on March 15, 2024 and March 15, 2025 in Years 2 and 3. The RSUs automatically convert into shares of common stock on a one-for-one basis at no conversion cost to the Reporting Person.

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 issuer's common stock on the grant date 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.