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4//SEC Filing

PITTS JAMES F 4

Accession 0001181431-11-021958

CIK 0001133421other
View on SEC.govCompany Profile

Filed

Apr 3, 8:00 PM ET

Accepted

Apr 4, 5:31 PM ET

Size

25.4 KB

Accession

0001181431-11-021958

Insider Transaction Report

Form 4
Period: 2011-03-31
NORTHROP GRUMMAN CORP /DE/NOC
PITTS JAMES F
Corp VP & Pres, Electron. Sys.
Transactions
  • 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+73,282→ 73,282 total
    Exercise: $73.90Exp: 2015-02-27→ Common Stock (73,282 underlying)
  • Award

    Stock Option (Right-to-Buy)

    2011-03-31+39,375→ 39,375 total
    Exercise: $65.70Exp: 2017-02-28→ Common Stock (39,375 underlying)
  • Award

    Stock Option (Right-to-Buy)

    2011-03-31+137,869→ 137,869 total
    Exercise: $41.14Exp: 2016-02-17→ Common Stock (137,869 underlying)
  • Award

    Stock Option (Right-to-Buy)

    2011-03-31+146,126→ 146,126 total
    Exercise: $54.46Exp: 2017-02-16→ Common Stock (146,126 underlying)
  • Award

    Stock Option (Right-to-Buy)

    2011-03-31+16,406→ 16,406 total
    Exercise: $52.48Exp: 2012-08-20→ Common Stock (16,406 underlying)
  • Award

    Stock Option (Right-to-Buy)

    2011-03-31+19,687→ 19,687 total
    Exercise: $47.99Exp: 2014-06-14→ Common Stock (19,687 underlying)
  • Award

    Stock Option (Right-to-Buy)

    2011-03-31+13,125→ 13,125 total
    Exercise: $49.70Exp: 2015-10-01→ Common Stock (13,125 underlying)
  • Award

    Common Stock

    2011-03-31+7,903→ 132,760 total
  • Award

    Stock Option (Right-to-Buy)

    2011-03-31+71,715→ 71,715 total
    Exercise: $63.22Exp: 2018-02-15→ Common Stock (71,715 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 23,953 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; 34,562 unvested RPSRs granted under the LTISP on 2/16/10, with the measurement period ending on 12/31/12; 16,853 unvested RPSRs granted under the LTISP on 2/15/11, with the measurement period ending on 12/31/13; and 16,853 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

Issuer

NORTHROP GRUMMAN CORP /DE/

CIK 0001133421

→
Entity typeother

Related Parties

1
  • filerCIK 0001337360

Filing Metadata

Form type
4
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 5:31 PM ET
Size
25.4 KB
View on SEC.gov