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4//SEC Filing

Bernhardt Christopher C 4

Accession 0001209191-12-016658

CIK 0001524471other
View on SEC.govCompany Profile

Filed

Mar 6, 7:00 PM ET

Accepted

Mar 7, 9:10 PM ET

Size

15.8 KB

Accession

0001209191-12-016658

Insider Transaction Report

Form 4
Period: 2012-03-05
Exelis Inc.XLS
Bernhardt Christopher C
President, Electronic Systems
Transactions
  • Award

    Employee Stock Option (Right to Buy)

    2012-03-06+128,571→ 128,571 total
    Exercise: $11.19Exp: 2022-03-06→ Common Stock (128,571 underlying)
  • Tax Payment

    Common Stock

    2012-03-05$11.51/sh−5,602$64,479→ 134,175 total
  • Exercise/Conversion

    Common Stock

    2012-03-06$10.30/sh+79,457$818,455→ 213,632 total
  • Sale

    Common Stock

    2012-03-06$11.30/sh−79,457$897,888→ 134,175 total
  • Award

    Common Stock

    2012-03-06+16,890→ 151,065 total
  • Exercise/Conversion

    Employee Stock Option (Right to Buy)

    2012-03-06−79,457→ 0 total
    Exercise: $10.30Exp: 2012-03-08→ Common Stock (79,457 underlying)
Holdings

  • Common Stock

    (indirect: By 401(k))
    670.57
Footnotes (6)
  • [F1]Reflects the withholding of common stock (each, a "Share") of Exelis Inc. (the "Issuer") to pay the tax liability incident to the vesting of shares of restricted stock granted on March 5, 2009 under the ITT Corporation 2003 Equity Incentive Plan. Equity awards formerly granted by ITT Corporation were converted into equity awards of the Issuer in connection with the spin-off of the Issuer from ITT Corporation on October 31, 2011.
  • [F2]This price represents the approximate weighted average price per Share of sales that were executed at prices ranging from $11.22 to $11.35 per Share. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of Shares sold at each price.
  • [F3]Reflects an award of restricted stock units which are scheduled to vest on March 6, 2015.
  • [F4]As of January 31, 2012.
  • [F5]These options are fully vested and exercisable.
  • [F6]These options vest in three equal annual installments beginning on March 6, 2013.

Documents

1 file

Issuer

Exelis Inc.

CIK 0001524471

→
Entity typeother

Related Parties

1
  • filerCIK 0001531037

Filing Metadata

Form type
4
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 9:10 PM ET
Size
15.8 KB
View on SEC.gov