Bernhardt Christopher C 4
4 · Exelis Inc. · Filed Nov 9, 2011
Insider Transaction Report
Form 4
Exelis Inc.XLS
Bernhardt Christopher C
President, Electronic Systems
Transactions
- Award
Employee Stock Option (Right to Buy)
2011-11-07+246,094→ 246,094 totalExercise: $10.95Exp: 2021-11-07→ Common Stock (246,094 underlying) - Award
Common Stock
2011-11-07+43,151→ 123,160 total - Award
Common Stock
2011-11-07+16,617→ 139,777 total
Holdings
- 660(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]Reflects an award of restricted stock units ("RSUs"), which are scheduled to vest on November 7, 2014.
- [F2]Reflects the conversion of the unvested portions of cash-settled total shareholder return ("TSR") awards previously granted by ITT Corporation into RSUs of Exelis Inc. in connection with the spin-off of Exelis Inc. from ITT Corporation. 5,622 RSUs were awarded in respect of 2010 TSR awards and will vest on December 31, 2012. 10,995 RSUs were awarded in respect of 2011 TSR awards and will vest on December 31, 2013.
- [F3]As of November 7, 2011.
- [F4]These options vest in three equal annual installments beginning on November 7, 2012.