SEC Form 4 · accession 0000950117-15-000833
CURTISS WRIGHT CORP · CW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harry Jakubowitz
Officer — VP & Treasurer
Period of report
Dec 22, 2015
Accepted (ET)
Dec 22, 2015 · 5:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000026324
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Dec 22, 2015 | M | 1,592 | $66.41 | A | 14,019 | D | |
| Common StockF4 | Dec 22, 2015 | S | 787 | $66.096 | D | 13,232 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF5 | $33.96 | Dec 21, 2015 | M | 1,592 | D | Dec 20, 2015 | Dec 21, 2015 | Common Stock | 1,592 | 2,599 | D |
Explanation of responses
- F1These shares were acquired through a restricted share unit grant under the Company's 2005 Long Term Incentive Plan, whereby units vested in common stock shares of Curtiss-Wright Common Stock after a three year vesting period.
- F2Based on December 21, 2015 closing price on the New York Stock Exchange for Curtiss-Wright Common Stock, the first trading day after the restricted share units vested.
- F3Shares were sold in compliance with the Company's share ownership guidelines whereby the executive may sell one half of the vested shares to pay individual income tax obligations associated with the vesting of the award.
- F4Weighted average selling price of shares sold on December 22, 2015.
- F5No price on the date of issue, stock unit award having been granted as an employee benefit transaction