SEC Form 4 · accession 0000950117-15-000834
CURTISS WRIGHT CORP · CW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn E Tynan
Officer — Vice President and CFO
Period of report
Dec 21, 2015
Accepted (ET)
Dec 22, 2015 · 5:32 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 | 8,926 | $66.41 | A | 76,415 | D | |
| Common StockF4 | Dec 22, 2015 | S | 5,585 | $66.096 | D | 70,830 | 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 | 8,926 | D | Dec 21, 2012 | Dec 21, 2015 | Common Stock | 8,926 | 14,208 | 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 the closing price of December 21, 2015 on the New York Stock Exchange for Curtiss-Wright Common Stock, the first market date after the share units vested.
- F3Shares were sold in compliance with the Company's share ownership guidelines whereby the executive may sell his vesting award if the Reporting Person is in and remains in compliance with the share ownership guidelines.
- F4Weighted average selling price of shares sold on December 22, 2015.
- F5No price on the date of issue having been granted as an employee benefit transaction.