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CRA INTERNATIONAL, INC. Director's Dealing 2011

Mar 9, 2011

32006_dirs_2011-03-09_2fbd717f-8651-464b-9377-1053db55563e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRA INTERNATIONAL, INC. (CRAI)
CIK: 0001053706
Period of Report: 2011-03-08

Reporting Person: Lowenstein Arnold J (EVP, Chief Strategy Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-03-08 Common Stock S 1000 $24.238 Disposed 42616 Direct
2011-03-09 Common Stock S 669 $24.60 Disposed 41947 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Nonqualified Stock Options (right to buy) $21.43 2017-11-08 Common Stock (7466) 7466 Direct
Restricted Stock Units $ Common Stock (3733) 3733 Direct
Nonqualified Stock Option (right to buy) $22.81 2013-06-05 Common Stock (11993) 11993 Direct
Incentive Stock Option (right to buy) $22.81 2013-06-05 Common Stock (6507) 6507 Direct
Nonqualified Stock Option (right to buy) $32.26 2014-05-10 Common Stock (10000) 10000 Direct
Nonqualified Stock Option (right to buy) $50.09 2015-04-01 Common Stock (2500) 2500 Direct
Incentive Stock Option (right to buy) $50.09 2015-04-01 Common Stock (2500) 2500 Direct

Footnotes

F1: This price represents the weighted average purchase price of multiple transactions on the reported date at prices that ranged between $24.22 and $24.25. Full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the issuer, or a security holder of the issuer.

F2: Date indicated is the date of grant. Option vests in four equal installments beginning on the first anniversary of the date of grant.

F3: Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock; vested restricted stock units are payable in the form of cash, shares of the Issuer's common stock or a combination thereof.

F4: The restricted stock units vest in four equal annual installments beginning November 8, 2011. Vested shares will be delivered to the reporting person as soon as possible after vesting.