FRANK STEPHEN E 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Apr 4, 2011
Insider Transaction Report
Form 4
FRANK STEPHEN E
Director
Transactions
- Other
Common Stock
2011-03-31$62.71/sh+560$35,118→ 11,578 total(indirect: See footnote) - Award
Common Stock
2011-03-31+944→ 11,018 total(indirect: See footnote)
Holdings
- 1,000
Common Stock
Footnotes (4)
- [F1]On March 30, 2011, New P, Inc., now renamed "Northrop Grumman Corporation" ("Issuer"), became the successor issuer of Northrop Grumman Corporation ("Old Northrop Grumman"), now renamed "Titan II Inc.", pursuant to a merger. As a result of the merger, each holder of Old Northrop Grumman common stock received the identical number and percentage of the outstanding shares of common stock of Issuer as they owned of Old Northrop Grumman prior to the merger.
- [F2]Pursuant to anti-dilution provisions of this grant, the number of shares subject to it was adjusted in conjunction with the Issuer's spin-off of Huntington Ingalls Industries, Inc. The terms of the adjustment were approved by the Issuer's Board of Directors.
- [F3]Represents shares of common stock held in a stock unit account pursuant to the 1993 Stock Plan for Non-Employee Directors.
- [F4]Shares of common stock deferred into stock unit account, including dividends, pursuant to the 1993 Stock Plan for Non-Employee Directors in a transaction exempt pursuant to Rule 16b-3.