HUNTINGTON INGALLS INDUSTRIES, INC. 4
4 · HUNTINGTON INGALLS INDUSTRIES, INC. · Filed Jun 14, 2016
Insider Transaction Report
Form 4
Miller Paul D.
Director
Transactions
- Award
Common Stock
2016-06-10$163.16/sh+44.198$7,211→ 14,467.214 total(indirect: See footnote)
Footnotes (3)
- [F1]Huntington Ingalls Industries, Inc. paid a cash dividend of $0.50 per share of common stock on June 10, 2016. Pursuant to the terms of the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan, shares of common stock representing the dividend were deferred into a stock unit account in a transaction exempt by Rule 16b-3.
- [F2]Original Form 4 reported dividend accretions to an award under the 2012 Long-Term Incentive Stock Plan; however, the award and all potential dividend accretions are contingent being subject to the meeting of certain performance goals which are not determinable until 2015. Thus this amendment withdraws the erroneous reporting of these dividend accretions.
- [F3]Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2011 and 2012 Long-Term Incentive Stock Plans. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.