ERVIN GARY W. 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 23, 2012
Insider Transaction Report
Form 4
ERVIN GARY W.
Corp VP & Pres Aerospace Sys
Transactions
- Sale
Common Stock
2012-02-22$60.08/sh−20,435$1,227,735→ 0 total
Holdings
- 6,917.592(indirect: See footnote)
Common Stock
- 12,397.568
SEP Units
→ Common Stock (12,397.568 underlying) - 10,154(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Represents the weighted average sale price of $60.08 rounded to the nearest hundredth. The highest price at which the shares sold was $60.12 and the lowest price at which the shares sold was $60.08. 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 this footnote.
- [F2]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.
- [F3]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.
- [F4]SEP units are payable in cash following termination of the Reporting Person's employment with the Issuer.