NORTHROP GRUMMAN CORP /DE/ 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 19, 2016
Insider Transaction Report
Form 4
FRASER DARRYL M
Corp. VP, Communications
Transactions
- Exercise/Conversion
Common Stock
2016-02-17+20,710.5→ 72,734.5 total - Tax Payment
Common Stock
2016-02-17$190.06/sh−9,787$1,860,117→ 62,947.5 total - Exercise/Conversion
Restricted Performance Stock Rights
2016-02-17−20,710.5→ 11,579 total→ Common Stock (20,710.5 underlying) - Award
Restricted Performance Stock Rights
2016-02-17+6,903.5→ 32,289.5 total→ Common Stock (6,903.5 underlying)
Holdings
- 3,000(indirect: By Foundation)
Common Stock
- 3,898.66(indirect: Held in Northrop Grumman Savings & Investment Plan)
Common Stock
Footnotes (7)
- [F1]Shares issued in settlement of Restricted Performance Stock Rights ("RPSRs") granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/20/13 with a valuation of performance measurement period ("measurement period") ended 12/31/15. The RPSRs were settled at 150% 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 12, 2016. 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 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 represent additional vested RPSRs with respect to the measurement period ended 12/31/15 acquired due to settlement of the 2013 RPSRs held at 150% of the target award.
- [F6]Total amount includes 20,710.50 vested RPSRs granted under the LTISP on 2/20/13 with a measurement period ended on 12/31/15; 4,932 RPSRs granted on 2/18/15 with a measurement period ending on 12/31/17; and 6,647 RPSRs granted on 2/19/14 with a measurement period ending on 12/31/16.
- [F7]Total amount includes 4,932 RPSRs granted on 2/18/15 with a measurement period ending on 12/31/17; and 6,647 RPSRs granted on 2/19/14 with a measurement period ending on 12/31/16.