4//SEC Filing
NORTHROP GRUMMAN CORP /DE/ 4
Accession 0001225208-15-004314
$NOCCIK 0001133421operating
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 5:18 PM ET
Size
10.5 KB
Accession
0001225208-15-004314
Insider Transaction Report
Form 4
FRASER DARRYL M
Corp. VP, Communications
Transactions
- Exercise/Conversion
Common Stock
2015-02-13+12,273→ 50,024 total - Tax Payment
Common Stock
2015-02-13$167.14/sh−5,384$899,882→ 44,640 total - Exercise/Conversion
Restricted Stock Rights
2015-02-13−12,273→ 7,769 total→ Common Stock (12,273 underlying)
Holdings
- 3,831.622(indirect: Held in Northrop Grumman Savings & Investment Plan)
Common Stock
Footnotes (6)
- [F1]In light of the RSR vesting date, Sunday, February 15, 2015, occurring on a weekend, and in accordance with the terms of the 2011 Long-Term Incentive Stock Plan ("LTISP"), RSR award shares were valued based on the Company's closing stock price on Friday, February 13, 2015, the immediately preceding business day. The shares were distributed into the participant's account on this date.
- [F2]Shares issued upon vesting of Restricted Stock Rights ("RSRs") granted under the 2001 Long-Term Incentive Stock Plan ("2001 LTISP") on 2/15/11 that vested on 2/15/15 and RSRs granted under the LTISP on 2/15/12 that vested on 2/15/15.
- [F3]Shares surrendered to issuer in payment of tax liability in connection with vesting of RSRs in accordance with Rule 16b-3(e).
- [F4]Held in the Northrop Grumman Savings and Investment Plan (the "Plan"), a qualified profit sharing plan, as of February 13, 2015. 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.
- [F5]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.
- [F6]Total amount includes 2,772 RSRs granted under the LTISP on 2/19/14 that will vest on 2/19/17; and 4,997 RSRs granted under the LTISP on 2/20/13 that will vest on 2/20/16.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeoperating
Related Parties
1- filerCIK 0001133421
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 5:18 PM ET
- Size
- 10.5 KB