NORTHROP GRUMMAN CORP /DE/ 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Aug 22, 2003
Insider Transaction Report
Form 4
SANFORD JAMES L
Corp. VP & Treasurer
Transactions
- Award
Stock Option (Right-to-Buy)
2003-08-20$94.22/sh+6,000$565,320→ 6,000 totalExercise: $94.22From: 2004-08-20Exp: 2013-08-19→ Common Stock (6,000 underlying) - Award
Common Stock
2003-08-20$94.22/sh+2,500$235,550→ 8,200 total
Holdings
- 2,337(indirect: See footnote.)
Common Stock
- 4,060
Common Stock
Footnotes (5)
- [F1]Total includes 800 remaining unvested Restricted Stock Rights granted pursuant to the 1993 Long Term Incentive Stock Plan (LTISP); the last two installments vest in increments of 400 shares on 11/22/03 and 11/22/04; 900 Restricted Performance Stock Rights (RPSRs) granted under the 1993 LTISP as to which the measurement period for the initial installment is 12/16/98 to 12/31/01 with performance determined subsequent thereto with delivery of shares made in 2002 and 2003. The measurement period for the one remaining installment will end on 12/31/03 with payment to be made in February 2004; 2,000 RPSRs granted under the 2001 LTISP on 8/15/01 with the measurement period ending on 12/31/04; 2,000 RPSRs granted under the 2001 LTISP on 8/20/02 with the measurement period ending on 12/31/05; 2,500 RPSRs granted under the 2001 LTISP on 8/20/03 with the measurement period ending on 12/31/06.
- [F2]Total includes 2,920 shares held in Reporting Person's own name; 300 shares held in name of Reporting Person's spouse; and 840 shares held jointly in the name of Reporting Person and Reporting Person's spouse.
- [F3]Held in the Northrop Grumman Savings and Investment Plan, a qualified profit sharing plan, as of March 26, 2003. Share totals with respect to the Plan are based upon unit accounting and therefore may reflect a decrease in units attributable to an individual though no disposition occurred.
- [F4]The option vests in four equal annual installments commencing on August 20, 2004.
- [F5]Represents total options held under 8/20/03 grant.