LIVANOS ALEXANDER C 4

Accession 0001181431-11-021948

CIK 0001133421other

View on SEC.gov Company Profile

Filed

Apr 3, 8:00 PM ET

Accepted

Apr 4, 5:28 PM ET

Size

23.4 KB

Accession

0001181431-11-021948

Insider Transaction Report

Form 4

Period: 2011-03-31

NORTHROP GRUMMAN CORP /DE/NOC

LIVANOS ALEXANDER C

Corp. VP & Pres. Space Tech.

Transactions

Award
Stock Option (Right-to-Buy)
2011-03-31+56,985→ 56,985 total
Exercise: $73.90Exp: 2015-02-27→ Common Stock (56,985 underlying)
Award
Common Stock
2011-03-31+3,506→ 67,455 total
Award
Stock Option (Right-to-Buy)
2011-03-31+3,828→ 3,828 total
Exercise: $47.99Exp: 2014-06-14→ Common Stock (3,828 underlying)
Award
Stock Option (Right-to-Buy)
2011-03-31+43,750→ 43,750 total
Exercise: $59.52Exp: 2016-02-15→ Common Stock (43,750 underlying)
Award
Stock Option (Right-to-Buy)
2011-03-31+76,563→ 76,563 total
Exercise: $41.14Exp: 2016-02-17→ Common Stock (76,563 underlying)
Award
Stock Option (Right-to-Buy)
2011-03-31+59,664→ 59,664 total
Exercise: $54.46Exp: 2017-02-16→ Common Stock (59,664 underlying)
Award
Stock Option (Right-to-Buy)
2011-03-31+28,686→ 28,686 total
Exercise: $63.22Exp: 2018-02-15→ Common Stock (28,686 underlying)
Award
Stock Option (Right-to-Buy)
2011-03-31+35,000→ 35,000 total
Exercise: $65.70Exp: 2017-02-28→ Common Stock (35,000 underlying)
Award
Stock Option (Right-to-Buy)
2011-03-31+4,375→ 4,375 total
Exercise: $48.55Exp: 2015-02-07→ Common Stock (4,375 underlying)

Footnotes (8)

[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 (and for options, the exercise price) 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]Total amount includes 13,343 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; 14,109 unvested RPSRs granted under the LTISP on 2/16/10, with the measurement period ending on 12/31/12; 6,741 unvested RPSRs granted under the LTISP on 2/15/11 with the measurement period ending on 12/31/13; and 6,741 Restricted Stock Rights 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 is fully exercisable.
[F5]Granted without payment by grantee.
[F6]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.
[F7]The option vests over a period of three years to the extent of one-third (33%) annual equal installments on 2/16/11, 2/16/12 and 2/16/13.
[F8]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.

Documents

1 file

4
rrd306539.xmlPrimary
FORM 4

Issuer

NORTHROP GRUMMAN CORP /DE/

CIK 0001133421

→

Entity typeother

Related Parties

filerCIK 0001316632

Filing Metadata

Form type: 4
Filed: Apr 3, 8:00 PM ET
Accepted: Apr 4, 5:28 PM ET
Size: 23.4 KB

View on SEC.gov