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4//SEC Filing

PITTS JAMES F 4

Accession 0001181431-11-011294

CIK 0001133421other

Filed

Feb 16, 7:00 PM ET

Accepted

Feb 17, 9:22 PM ET

Size

11.8 KB

Accession

0001181431-11-011294

Insider Transaction Report

Form 4
Period: 2011-02-15
PITTS JAMES F
Corp VP & Pres, Electron. Sys.
Transactions
  • Award

    Common Stock

    2011-02-15$69.14/sh+15,409$1,065,378124,857 total
  • Tax Payment

    Common Stock

    2011-02-15$69.14/sh6,439$445,19294,039 total
  • Award

    Common Stock

    2011-02-15$69.14/sh+15,409$1,065,378109,448 total
  • Award

    Stock Option (Right-to-Buy)

    2011-02-15+65,56865,568 total
    Exercise: $69.14From: 2012-02-15Exp: 2018-02-15Common 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.

Issuer

NORTHROP GRUMMAN CORP /DE/

CIK 0001133421

Entity typeother

Related Parties

1
  • filerCIK 0001337360

Filing Metadata

Form type
4
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 9:22 PM ET
Size
11.8 KB