SEC Form 4 · accession 0000950117-16-001241
CURTISS WRIGHT CORP · CW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tom P Quinly
Officer — Vice President
Period of report
Jun 13, 2016
Accepted (ET)
Jun 13, 2016 · 5:12 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 | Jun 13, 2016 | M | 21,626 | $34.70 | A | 57,384 | D | |
| Common StockF3 | Jun 13, 2016 | S | 21,626 | $86.24 | D | 35,758 | 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 | Jun 13, 2016 | M | 4,318 | D | Nov 17, 2008 | Nov 17, 2017 | Common Stock | 4,318 | 17,308 | D |
| Option to Purchase Common StockF5 | $29.88 | Jun 13, 2016 | M | 17,308 | D | Nov 15, 2011 | Nov 15, 2020 | Common Stock | 17,308 | 0 | D |
Explanation of responses
- F1These shares were acquired through an exercise of two stock option granted in 2008 and 2009 under the Company's 2005 Long Term Incentive Plan.
- F2Price reflects the weighted average exercise price of the two stock option grants.
- F3Weighted average selling price of shares sold on June 13, 2016.
- F4Shares 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 190% of his required ownership guideline.
- F5There is no price associated with acquiring this derivative security since it was acquired pursuant to an employee benefit transaction under the Company's Omnibus Long Term Incentive Plan.