4//SEC Filing
NORTHROP GRUMMAN CORP /DE/ 4
Accession 0001225208-14-005624
$NOCCIK 0001133421operating
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 5:48 PM ET
Size
16.2 KB
Accession
0001225208-14-005624
Insider Transaction Report
Form 4
FRASER DARRYL M
Corp. VP, Communications
Transactions
- Tax Payment
Common Stock
2014-02-19$119.05/sh−4,705$560,130→ 37,090 total - Exercise/Conversion
Common Stock
2014-02-19+10,718→ 41,795 total - Award
Restricted Performance Stock Rights
2014-02-19+10,624→ 45,272 total→ Common Stock (10,624 underlying) - Exercise/Conversion
Restricted Performance Stock Rights
2014-02-19−10,718→ 34,554 total→ Common Stock (10,718 underlying) - Award
Restricted Stock Rights
2014-02-19+2,772→ 20,042 total→ Common Stock (2,772 underlying)
Holdings
- 3,759.221(indirect: Held in Northrop Grumman Savings & Investment Plan)
Common Stock
Footnotes (9)
- [F1]Shares issued in settlement of Restricted Performance Stock Rights ("RPSRs") granted under the 2001 Long-Term Incentive Stock Plan (the "2001 LTISP") on 2/15/11 with a valuation of performance measurement period ("measurement period") ended 12/31/13. The RPSRs were settled at 159% of target.
- [F2]Shares surrendered to issuer in payment of tax liability in connection with settlement of RPSRs in accordance with Rule 16b-3(e).
- [F3]Held in the Northrop Grumman Savings and Investment Plan (the "Plan"), a qualified profit sharing plan, as of February 20, 2013. 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]Each Restricted Performance Stock Right ("RPSR") represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the Issuer's election, cash or a combination of cash and Issuer common stock. The RPSRs vest if the applicable performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
- [F5]The RPSRs acquired include (i) 3,977 additional vested RPSRs with respect to the measurement period ended 12/31/13 acquired due to settlement of the 2011 RPSRs held at 159% of the target award and (ii) 6,647 unvested RPSRs granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/19/14 with a measurement period ending on 12/31/16.
- [F6]Total amount includes 10,718 vested RPSRs granted under the 2001 LTISP on 2/15/11 with a measurement period ended on 12/31/13; 6,647 unvested RPSRs granted under the LTISP on 2/19/14 with a measurement period ending on 12/31/16; 13,807 unvested RPSRs granted under the LTISP on 2/20/13 with a measurement period ending on 12/31/15; and 14,100 unvested RPSRs granted under the LTISP on 2/15/12 with a measurement period ending on 12/31/14.
- [F7]Total amount includes 6,647 unvested RPSRs granted under the LTISP on 2/19/14 with a measurement period ending on 12/31/16; 13,807 unvested RPSRs granted under the LTISP on 2/20/13 with a measurement period ending on 12/31/15; and 14,100 unvested RPSRs granted under the LTISP on 2/15/12 with a measurement period ending on 12/31/14.
- [F8]Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the election of the Issuer's Compensation Committee, cash or a combination of cash and Issuer common stock. The RSRs were granted under the LTISP on 2/19/14 and will vest on 2/19/17.
- [F9]Total amount includes 2,772 RSRs granted under the LTISP on 2/19/14 that will vest on 2/19/17; 4,997 RSRs granted under the LTISP on 2/20/13 that will vest on 2/20/16; 5,532 RSRs granted under the LTISP on 2/15/12 that will vest on 2/15/15; and 6,741 RSRs granted under the 2001 LTISP on 2/15/11 that will vest on 2/15/15.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeoperating
Related Parties
1- filerCIK 0001133421
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 5:48 PM ET
- Size
- 16.2 KB