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CURTISS WRIGHT CORP — Director's Dealing 2013
Apr 3, 2013
30293_dirs_2013-04-03_64aa1499-3740-45ae-a6b7-3cff07381eb9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CURTISS WRIGHT CORP (CW)
CIK: 0000026324
Period of Report: 2013-04-02
Reporting Person: DENTON MICHAEL J (Vice President and Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-04-02 | Common Stock | A | 5804 | $34.70 | Acquired | 32361.74 | Direct |
| 2013-04-02 | Common Stock | S | 2794 | $33.6757 | Disposed | 29567.74 | Direct |
| 2013-04-01 | Common Stock | M | 516 | $19.08 | Acquired | 30083.74 | Direct |
| 2013-04-01 | Common Stock | S | 516 | $34.73 | Disposed | 29567.74 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-04-01 | Option to Purchase Common Stock | $19.08 | M | 516 | Disposed | 2013-11-19 | Common Stock (516) | Direct |
Footnotes
F1: These shares were acquired through a performance share grant under the Company's 2005 Long Term Incentive Plan, whereby the executive received a predetermined number of shares of Curtiss-Wright Common Stock based on the Company's aggregated three year performance to its budget and its aggregated three year performance against the performance of its peer group.
F2: Based on April 1, 2013 closing price on the New York Stock Exchange for Curtiss-Wright Common Stock, the date on which the shares vested.
F3: Shares 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. Reporting Person sold additional shares from prior grant to offset tax obligation from prior grant due to insufficient withholding.
F4: Weighted average selling price of shares sold on April 2, 2013
F5: Shares were acquired through the exercise of a stock option award made pursuant to the Company's Omnibus Long Term Incentive Plan. This exercise is made pursuant to 10b5-1 trading plan on file with filer's broker.
F6: The purchase price reflects the exercise price of an employee stock option awarded to employees under the Company's Omnibus Long Term Incentive Plan.
F7: There 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.