ERVIN GARY W. 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 22, 2012
Insider Transaction Report
Form 4
ERVIN GARY W.
Corp VP & Pres Aerospace Sys
Transactions
- Exercise/Conversion
Stock Option (Right-to-Buy)
2012-02-17−45,000→ 47,869 totalExercise: $41.14Exp: 2016-02-17→ Common Stock (45,000 underlying) - Exercise/Conversion
Common Stock
2012-02-17$52.48/sh+13,125$688,800→ 33,560 total - Exercise/Conversion
Common Stock
2012-02-17$41.14/sh+45,000$1,851,300→ 65,435 total - Sale
Common Stock
2012-02-17$59.82/sh−13,125$785,138→ 20,435 total - Exercise/Conversion
Stock Option (Right-to-Buy)
2012-02-17−13,125→ 0 totalExercise: $52.48Exp: 2012-08-20→ Common Stock (13,125 underlying) - Sale
Common Stock
2012-02-17$59.59/sh−45,000$2,681,550→ 20,435 total
Holdings
- 6,917.592(indirect: See footnote)
Common Stock
- 10,154(indirect: By Trust)
Common Stock
- 12,397.568
SEP Units
→ Common Stock (12,397.568 underlying)
Footnotes (6)
- [F1]Represents the weighted average sale price of $59.82 rounded to the nearest hundredth. The highest price at which the shares sold was $59.98 and the lowest price at which the shares sold was $59.69. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) and (2) of this Form 4.
- [F2]Represents the weighted average sale price of $59.59 rounded to the nearest hundredth. The highest price at which the shares sold was $60.01 and the lowest price at which the shares sold was $59.48.
- [F3]Held in the Northrop Grumman Savings and Investment Plan, a qualified profit sharing plan, as of February 3, 2012. Share totals with respect to the Plan are based upon unit accounting and therefore may reflect a decrease in units attributable to an individual though no disposition occurred.
- [F4]The option is fully exercisable.
- [F5]SEP units credited under the Northrop Grumman Savings Excess Plan (the "SEP Plan"), a non-qualified deferred compensation plan, as of February 13, 2012. The value of each unit is based on the price of Issuer common stock, although share totals with respect to the SEP Plan are based upon unit accounting and therefore may reflect a decrease in units attributable to an individual though no disposition occurred.
- [F6]SEP units are payable in cash following termination of the Reporting Person's employment with the Issuer.