SEC Form 4 · accession 0000950117-16-001170
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
May 12, 2016
Accepted (ET)
May 13, 2016 · 5:14 pm EDT
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 | May 12, 2016 | M | 10,246 | $54.00 | A | 78,171 | D | |
| Common StockF4 | May 12, 2016 | S | 10,246 | $81.15 | D | 67,925 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF5 | $54.00 | May 12, 2016 | M | 10,246 | D | Nov 16, 2008 | Nov 17, 2017 | Common Stock | 10,246 | 85,103 | D |
Explanation of responses
- F1These shares were acquired through an exercise of a stock option award granted under the Company's 2005 Long Term Incentive Plan.
- F2Reporting person received an award for 10246 shares in 2007 at a strike price of $54.00.
- F3Shares were sold in compliance with the Company's share ownership guidelines whereby the executive may sell shares once they hold sufficient shares to meet ownership guidelines. After sale, reporting person still maintains stock ownership in excess of 500% of his required ownership guideline.
- F4Weighted average selling price of shares sold on May 12, 2016.
- F5No price on the date of issue having been granted as an employee benefit transaction.