TEEL PHILIP A 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 19, 2009
Insider Transaction Report
Form 4
TEEL PHILIP A
Corp. VP & Pres. Ship Systems
Transactions
- Other
Common Stock
2009-02-17$44.99/sh−2,400$107,976→ 93,457 total - Tax Payment
Common Stock
2009-02-17$44.99/sh−5,535$249,020→ 95,857 total
Footnotes (2)
- [F1]Total includes 16,000 Restricted Performance Stock Rights (RPSRs) granted under the 2001 Long-Term Incentive Stock Plan (LTISP) on 2/28/07 with the valuation of performance measurement period ("measurement period") ending on 12/31/09; and 12,200 unvested RPSRs granted under the 2001 LTISP on 2/27/08, with the measurement period ending on 12/31/10. RPSR grants were 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 represent a payout below the target for the 2008 performance period.