CAMERON JAMES L 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 19, 2009
Insider Transaction Report
Form 4
CAMERON JAMES L
Corp VP & Pres Technical Servs
Transactions
- Award
Common Stock
2009-02-17$44.99/sh+17,050$767,080→ 73,572 total - Other
Common Stock
2009-02-17$44.99/sh−1,800$80,982→ 56,522 total - Tax Payment
Common Stock
2009-02-17$44.99/sh−4,250$191,208→ 58,322 total - Award
Stock Option (Right-to-Buy)
2009-02-17$44.99/sh+98,050$4,411,270→ 98,050 totalExercise: $44.99From: 2010-02-17Exp: 2016-02-17→ Common Stock (98,050 underlying)
Footnotes (4)
- [F1]Total amount includes 16,000 unvested Restricted Performance Stock Rights ("RPSRs") granted under the 2001 Long-Term Incentive Stock Plan ("LTISP") on 2/28/07, with a valuation of performance measurement period ("measurement period") ending on 12/31/09; and 11,400 unvested RPSRs granted under the 2001 LTISP on 2/27/08 with the measurement period ending 12/31/10. Grants awarded pursuant to Rule 16b-3(d).
- [F2]The measurement period for this installment of Restricted Performance Stock Rights (RPSRs) ended on 12/31/08, and the decrease in the number of shares represents a payout below the target for the 2008 performance period.
- [F3]Total amount includes 16,000 unvested Restricted Performance Stock Rights ("RPSRs") granted under the 2001 Long-Term Incentive Stock Plan ("LTISP") on 2/28/07, with a valuation of performance measurement period ("measurement period") ending on 12/31/09; 11,400 unvested RPSRs granted under the 2001 LTISP on 2/27/08 with the measurement period ending 12/31/10; and 17,050 RPSRs granted under the 2001 LTISP on 2/17/09 with the measurement period ending on 12/31/11. Grants awarded pursuant to Rule 16b-3(d).
- [F4]The option vests over a period of three years to the extent of one-third (33%) annual equal installments on 2/17/10, 2/17/11 and 2/17/12.