PITTS JAMES F 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 16, 2012
Insider Transaction Report
Form 4
PITTS JAMES F
Corp VP & Pres, Electron. Sys.
Transactions
- Award
Common Stock
2012-02-14$60.21/sh+38,324$2,307,488→ 147,131 total - Tax Payment
Common Stock
2012-02-14$60.21/sh−17,034$1,025,617→ 130,097 total
Footnotes (3)
- [F1]Shares issued in settlement of 23,953 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") ended 12/31/11. The performance shares were settled at 160% of the target award.
- [F2]Total amount includes 78,863 shares of common stock; 34,562 unvested RPSRs granted under the LTISP on 2/16/10 with a measurement period ending on 12/31/12; 16,853 unvested RPSRs granted under the LTISP on 2/15/11 with a measurement period ending on 12/31/13; and 16,853 Restricted Stock Rights ("RSRs") granted under the LTISP on 2/15/11 that will vest on 2/15/15. Grants awarded pursuant to Rule 16b-3(d).
- [F3]Total amount includes 61,829 shares of common stock; 34,562 unvested RPSRs granted under the LTISP on 2/16/10 with a measurement period ending on 12/31/12; 16,853 unvested RPSRs granted under the LTISP on 2/15/11 with a measurement period ending on 12/31/13; and 16,853 RSRs granted under the LTISP on 2/15/11 that will vest on 2/15/15. Grants awarded pursuant to Rule 16b-3(d).