PITTS JAMES F 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 17, 2011
Insider Transaction Report
Form 4
PITTS JAMES F
Corp VP & Pres, Electron. Sys.
Transactions
- Award
Common Stock
2011-02-15$69.14/sh+15,409$1,065,378→ 124,857 total - Tax Payment
Common Stock
2011-02-15$69.14/sh−6,439$445,192→ 94,039 total - Award
Common Stock
2011-02-15$69.14/sh+15,409$1,065,378→ 109,448 total - Award
Stock Option (Right-to-Buy)
2011-02-15+65,568→ 65,568 totalExercise: $69.14From: 2012-02-15Exp: 2018-02-15→ Common Stock (65,568 underlying)
Footnotes (4)
- [F1]Total amount includes 21,900 unvested Restricted Performance Stock Rights (RPSRs) granted under the 2001 Long-Term Incentive Stock Plan ("LTISP") on 2/17/09 with a valuation of performance measurement period ("measurement period") ending on 12/31/11; and 31,600 RPSRs granted under the LTISP on 2/16/10 with the measurement period ending on 12/31/12. Grants awarded pursuant to Rule 16b-3(d).
- [F2]Total amount includes 21,900 unvested Restricted Performance Stock Rights (RPSRs) granted under the 2001 Long-Term Incentive Stock Plan ("LTISP") on 2/17/09 with a valuation of performance measurement period ("measurement period") ending on 12/31/11; 31,600 RPSRs granted under the LTISP on 2/16/10 with the measurement period ending on 12/31/12; and 15,409 RPSRs granted under the LTISP on 2/15/11 with the measurement period ending on 12/31/13. Grants awarded pursuant to Rule 16b-3(d).
- [F3]Total amount includes 21,900 unvested Restricted Performance Stock Rights (RPSRs) granted under the 2001 Long-Term Incentive Stock Plan ("LTISP") on 2/17/09 with a valuation of performance measurement period ("measurement period") ending on 12/31/11; and 31,600 RPSRs granted under the LTISP on 2/16/10 with the measurement period ending on 12/31/12; 15,409 RPSRs granted under the LTISP on 12/15/11 with the measurement period ending on 12/31/13; and 15,409 Restricted Stock Rights ("RSRs") granted under the LTISP on 2/15/11 and cliff vests 100% on the fourth anniversary from the grant date on 2/15/15. 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 2/15/12, 2/15/13 and 2/15/14.