CRA INTERNATIONAL, INC. — Director's Dealing 2021

Dec 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRA INTERNATIONAL, INC. (CRAI)
CIK: 0001053706
Period of Report: 2021-12-10

Reporting Person: Maleh Paul A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-10	Common Stock	M	6.5778	$0.00	Acquired	153663.5778	Direct
2021-12-10	Common Stock	D	6.5778	$94.28	Disposed	153657	Direct
2021-12-10	Common Stock	M	10.7896	$0.00	Acquired	153667.7896	Direct
2021-12-10	Common Stock	D	10.7896	$94.28	Disposed	153657	Direct
2021-12-10	Common Stock	M	9.4594	$0.00	Acquired	153666.4594	Direct
2021-12-10	Common Stock	D	9.4594	$94.28	Disposed	153657	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-10	Restricted Stock Units	$	A	13.1590	Acquired		Common Stock (13.1590)	Direct
2021-12-10	Common Stock	$	M	6.5778	Disposed		Common Stock (6.5778)	Direct
2021-12-10	Restricted Stock Units	$	A	21.5825	Acquired		Common Stock (21.5825)	Direct
2021-12-10	Common Stock	$	M	10.7896	Disposed		Common Stock (10.7896)	Direct
2021-12-10	Restricted Stock Units	$	A	28.3816	Acquired		Common Stock (28.3816)	Direct
2021-12-10	Common Stock	$	M	9.4594	Disposed		Common Stock (9.4594)	Direct
2021-12-10	Restricted Stock Units	$	A	7.1738	Acquired		Common Stock (7.1738)	Direct
2021-12-10	Restricted Stock Units	$	A	11.1903	Acquired		Common Stock (11.1903)	Direct
2021-12-10	Restricted Stock Units	$	A	37.6005	Acquired		Common Stock (37.6005)	Direct
2021-12-10	Restricted Stock Units	$	A	28.8828	Acquired		Common Stock (28.8828)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Nonqualified Stock Option (right to buy)	$30.96	2023-11-14	Common Stock (20000)	20000	Direct
Nonqualified Stock Option (right to buy)	$44.87	2027-12-18	Common Stock (16304)	16304	Direct
Nonqualified Stock Option (right to buy)	$47.45	2028-12-06	Common Stock (15173)	15173	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock; vested RSUs are payable in the form of cash, shares of the Issuer's common stock or a combination thereof, except as otherwise indicated below. To the extent vested RSUs are paid in shares of the Issuer's common stock, such shares will be delivered to the reporting person as soon as possible after vesting, but in no event later than two and one-half months after the end of the year in which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs ("Dividend Units") when and as dividends are paid on the Issuer's common stock, and Dividend Units vest on the same dates and in the same relative proportions as the RSUs on which they accrue.

F2: The RSUs, which include an aggregate of 111.1224 Dividend Units (excluding any Dividend Units disposed of as reported herein), vest on December 6, 2022.

F3: The RSUs, which include an aggregate of 182.2208 Dividend Units (excluding any Dividend Units disposed of as reported herein), vest on December 6, 2022.

F4: The RSUs, which include an aggregate of 218.7388 Dividend Units (excluding any Dividend Units disposed of as reported herein), vest in two equal annual installments beginning on December 5, 2022.

F5: The RSUs, which include an aggregate of 150.9373 Dividend Units, vest on December 18, 2021.

F6: The RSUs, which include an aggregate of 235.4783 Dividend Units, vest on December 18, 2021.

F7: The RSUs, which include an aggregate of 148.0154 Dividend Units, vest in four equal annual installments beginning on December 15, 2021.

F8: The RSUs, which include an aggregate of 80.9936 Dividend Units, vest in four equal annual installments beginning on March 22, 2022.

F9: Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.

F10: Amount reported represents Dividend Units acquired on the RSUs at $94.28 on December 10, 2021. These Dividend Units are payable only in cash.